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alexfeng

SQ will top out at 100 followed by a massive 50% retracement

Short
Block, Inc. (NYSE:SQ)  
alexfeng Aggiornato   
NYSE:SQ   Block, Inc.
Trend Analysis
8
8
trendanalysis
SQ has been on fire, and is approaching a critical $100 psychological level. I think it will most likely top out at 100 followed by a massive 50% retracement
Commento:
As expected, could not maintain above $100 in such overbought conditions. The correction as begun
Commento:
Just hit my target of 55. I think the ABC retracement is complete. It broke the 200 day moving average as well and bounced strongly above. However we need to see if it can hold above the 200 day or else it might drop lower.
Trade chiuso: obiettivo raggiunto
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