SQ Bullish outlook why?
Bull Case for SQ !
Fundamentally its a very strong stock that has fair value at 80+
Tehnically there are multiple bullish cases
1) it is bouncing off a fib golden pocket retracement
2) it is making simple HH and HL as per dow theory
3) if it breaks above 72 level then it will be breakout from a very long bear trend
Entry @ 73
keep in mind it might retest 71 level of decending bear trend line
once it retest the outside of the bearish trend line and move upwards again then its confirmation of movement until 81 at least
TP @ 81
tp2 @ 89
tp3 will keep running
Fundamentally its a very strong stock that has fair value at 80+
Tehnically there are multiple bullish cases
1) it is bouncing off a fib golden pocket retracement
2) it is making simple HH and HL as per dow theory
3) if it breaks above 72 level then it will be breakout from a very long bear trend
Entry @ 73
keep in mind it might retest 71 level of decending bear trend line
once it retest the outside of the bearish trend line and move upwards again then its confirmation of movement until 81 at least
TP @ 81
tp2 @ 89
tp3 will keep running
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