Square looks like its hit the bottom of the box- Buy low sell hi

24 במאי 2016

This is a great buy / low sell high. 5-24 nice new white soldier candle stick (similar to one white soldier) , along with a nice bullish candle and volume. If you aren't in the trade you may have to wait for a little pull back- in order to get a decent R to R(Risk- Reward). I used an aggressive stop 9.21 and entry 10.05. May slow down for a bit at the 20 EMA I'm anticipating SQ trading Target 1- $11.79. 2:1 Risk reward. Sell some shares at 2 to 1 look for pullback and move stop up to at or near break even it to 12.87.
A quick Fibb supports a Target 2 12,90 at the .382 -
Should I get stopped out another bounce off the support could offer a great opportunity as well!