SQ has hit a new lowSQ has hit a new low
This figure shows the weekly candle chart of Block Company's stocks in the past three years. The graph overlays the top to bottom golden section for 2021. As shown in the figure, the stock of Block Company fluctuated and organized in a rectangular range that remained relatively low from May 2022 to the previous week. This week, it has hit a new low in recent times, reaching below the top to bottom golden section of 3.618 in the figure! The stock of Block Company is about to challenge the bullish starting point at the bottom of early 2020, which is the opening price of $38.47 for the week of March 23, 2020!
Sqstock
SQ SELL/SHORT - The Market could fall lower to test Fib levelsTICKER CODE: SQ
Company Name: Square, Inc.
Industry: Technology | Software - Infrastructure | USA
Technical Analysis
1. Large Flag / Falling Wedge (Forming)
2. Fibonacci Retracement at 0.618 (Golden Zone)
3. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
Entry: NOT READY
1st Entry Price: 125
2nd Entry Price if the market falls to lower: 85
1st SAFE Partial Take Profit: 380
2nd Partial Take Profit: 535
EXPECTED Take Profit in End 2022