Today, we will share our perspective on Square INC.
-The main thing we can notice is that the price has been ranging since December 2020. So, we will be working inside that range
-The Range is made by a solid support zone at 190 - 198. We have been observing several bounces from there, and in the current situation, it happened again.
-Another relevant item to notice is that the descending trendline has been broken, and we can see the price right at the edge of it.
-Based on that, we have defined a yellow horizontal line as an activation level for our bullish view. If the price reaches it, we expect a bullish movement towards the next resistance zone at 245
-The invalidation level for this view is below the current flag pattern.
Thanks for reading!
-The main thing we can notice is that the price has been ranging since December 2020. So, we will be working inside that range
-The Range is made by a solid support zone at 190 - 198. We have been observing several bounces from there, and in the current situation, it happened again.
-Another relevant item to notice is that the descending trendline has been broken, and we can see the price right at the edge of it.
-Based on that, we have defined a yellow horizontal line as an activation level for our bullish view. If the price reaches it, we expect a bullish movement towards the next resistance zone at 245
-The invalidation level for this view is below the current flag pattern.
Thanks for reading!
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.