The price fell hard after earnings announcement. It can easily reach $60 or even $55, especially with current market conditions. Most tech stocks keep falling on a daily basis. However, BLOCK is a solid company and the valuation becomes more attractive as the price falls. We should also not forget, that the company is in the top 10 list of companies holding BTC. I will keep an eye on this and if the price clearly breaks the trendline, then I will jump in. It is way oversold, but the same happened in TTD a week ago when the stock fell more than 30% post earnings and it keeps falling.
I would be happy to discuss on this.
I would be happy to discuss on this.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.