AyBe_Invest

Square or Block, who cares? We are going higher.

Lång
NYSE:SQ   Block, Inc.
Hi everyone,

As a proud bagholder, I present to you the SQ chart.

Slaughtered as all growth stocks, the price finally bounced this week for +15% gain for now.
That's nothing compared to meteoric dump of the last few months.

The chart.

Last 2 year POC is at 230.
All-time POC is at 60.

Square has been investing into growth for many years now, I think real value of the stock is nowhere near 60. Thus, I doubt we return to that range.

The 100-150 price zone is a wild west, with swift moves and low volume.
We should slice through it on the upside.

Next significant supply zone is 151.

Further up: 170, 191, 222-230.

RSI is still oversold on a weekly. I would say it is not too late to buy.

Full disclosure: I am long Square since Jun 2020. I bought more shares yesterday.

As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.


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