Rectangle
Updated
SQ has been inside this consolidation pattern for quite a while. A rectangle is a horizontal trading channel and can be a long term pattern.
Price did not reach top trendline on last attempt.
The pattern is neutral until a trendline is broken.
Mid rectangle is 234.75.
The alligator is suggesting possibly more downside. The bottom trendline is support until broken and the top is resistance until broken.
No recommendation
Price did not reach top trendline on last attempt.
The pattern is neutral until a trendline is broken.
Mid rectangle is 234.75.
The alligator is suggesting possibly more downside. The bottom trendline is support until broken and the top is resistance until broken.
No recommendation
Note
I loved this stock. The Owner/CEO now makes me very nervous. He may think he is a lil too big for his britches at this point. I will wait..and wait on this one. If I do not trust the ownership, I do not buy the stock. And I hate that )o: But I will not until I feel okay with it or someone else steps up to the plate to make me trust it at this price. I think the idea is a good one but if a company is run by a political robot, I can not buy it.
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