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ratchet-mint

SQ's rally looks unstable and weak

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Block, Inc. (BATS:SQ)  
ratchet-mint  
BATS:SQ   Block, Inc.
Trend Analysis Chart Patterns earningsreport NVDA gapup
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trendanalysis chartpattern earningsreport nvda gapup
SQ's recent rally shows weakness and not founded on solid reasoning. Current price level appears risky.

  1. SQ had a good rally from Oct to Dec and contracted a fair amount and held. Later on....
  2. SQ had bad earnings
  3. NVDA a very unrelated stock had great earnings pushing SQ up
  4. Recent gap up is clearly irrational

Recent rally is unstable and should expect a contraction in the nearish future
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