SQ short-term play for week of 1/11

10 בינו׳ 2021

Workshopping an idea for SQ next week. Volume seems consistent for the latter half of this time frame, TSV is over the 50% line, RSI is on the high side, but still in the comfort zone. The three moving averages came pretty close together, could be signaling a bigger move on a longer scale. ATR is headed down, which may be showing that short term major price fluctuations are settling down, which to me says it will be a steady ride upward.

Idea may be updated during the trading day ahead.