Block, Inc.Long
SQ jumps pre earnings?
SQ since it broke out of the ascending channel, traded a few weeks in a sort of bull pendant, or more likely a rising wedge, consistently touching and bouncing off of the top resistance flip support of the channel. The momentum was strong enough to break the major historic resistance (the dark green horizontal line near current price action). It appears to have just broken out above this ascending triangle with a target of 90.53 USD. I have taken some profits at this point, I'll keep an eye out for a re-entry to play long calls. I personally am looking forward to analyzing the price action after earnings. May the gains be with you!
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