SQuare Off?

5 באפר׳ 2021

Last few weeks, looks like Square (SQ) is developing a descending triangle, which means it could be ready for a dip. Is this a short dip kind of thing, or a bull flag-in-progress? Or is it just moving about with the NASDAQ "wind"? Can't tell, wish I knew. I'm long in SQ but currently underwater, and trying to figure out if I should take the loss and bail or hold and ride out the near-term. I'm generally bullish on SQ based on fundamentals and business, but not sure what horizon that will operate on, and if it's poised for a selloff, might be better to dump and buy back on the rebound... Decisions, decisions...

6 באפר׳ 2021

הערה

Well, SQ is up today and broke through the upper line, but still keeping an eye on it to see if it's a real breakout or just extends the triangle horizon...

7 באפר׳ 2021

עסקה סגורה: הגיע לסטופ

Yesterday was good for SQ, this morning even better. I think we can safely say they broke this trend on the upside.