Block, Inc.
Short

$SQ Overbought - Topped Out

1 003
SQ Square - After some positive news today Square pushed once again for fresh all-time highs - for a stock that was already looking fairly over-extended before today.

I'm long term bullish, but this stock definitely looks due for a corrective pull-back in the very near term. The rise since early may (>80% gain) is now looking borderline parabolic. Targeting mid-70s before end of September.




Note: Informational analysis, not investment advice.

Disclaimer

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.