Swingman39

Double Top on SQ?

Corto
Swingman39 Actualizado   
NYSE:SQ   Block, Inc.
Since putting in ATHs on 6/21, SQ has been unable to push past. We are seeing lower highs in both price, RSI, Stochs and CCI. With the Russell 2000 also seeing weakness and also viewing that as a forward looking indicator, I see SQ coming down to retest some of the prior support levels
Comentarios:
She broke above! we shall see if this holds though. The Netflix hit yesterday and the Amazon hiccup could signal a turn down for the overall market. I'd keep an eye on the S&P, if the FAANG names start to flatten out/dip, there are few stocks that will be able to fight through a downtrend, no matter the fundamentals.
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.