SQ is a fin-tech startup that became profitable this year. It offers online and offline payment terminals in conjunction with metrics for restaurants, retailers, accommodations and for points of sale (common small shops). While statistics helps to improve sales, SQ payment terminals accept any types of cards with relatively low fees. Moreover, it offers soft for logistics, sellers payments and staff management.
While the future of the business looks beautiful, I pay more attention to the price performance in past 3 month. It growing fast despite overall fears of economy slowdown. In my opinion, the stock's price is highly correlated to stability of economy growth in developed countries as its' main customers are small businesses in the US, Japan, Europe and Australia that hardly survive in tough economic conditions.
Hence I added some points of correction in case this week we receive some bad news for developed economies such as talks about lockdowns, bankruptcies, etc. My attention is focused on Mr. President health, lets see how COVID would effect #1 person in da world. Because if he's not safe none of us are safe.
While the future of the business looks beautiful, I pay more attention to the price performance in past 3 month. It growing fast despite overall fears of economy slowdown. In my opinion, the stock's price is highly correlated to stability of economy growth in developed countries as its' main customers are small businesses in the US, Japan, Europe and Australia that hardly survive in tough economic conditions.
Hence I added some points of correction in case this week we receive some bad news for developed economies such as talks about lockdowns, bankruptcies, etc. My attention is focused on Mr. President health, lets see how COVID would effect #1 person in da world. Because if he's not safe none of us are safe.
Nota
By the way RSI has rebounded from 80 and has high chances to reach 60 or 84. RSI equal to 84 on 1H timeframe is maximum so there is not much room to move unless we get a correction.
One the other hand EMAs are strongly bullish. And the green line acted as a resistance in March. Considering yesterday's move we should expect further growth.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.