coriascojohn

Square long play

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NYSE:SQ   Block, Inc.
Square has formed a bullish symmetrical triangle on the daily chart over the last few months. It has formed a few lower highs and higher lows while tightening up into this bullish pattern. This pattern dates back to the high of October 1st and low on December 22nd. Volume seems to be picking up on the hourly charts, although I would prefer more volume on the daily. It gapped up above the 200 day ma and the modest line of resistance I have via the horizontal around 73.85. The bollinger band upper level has opened up at the top around the 76.08 level leaving some more room for it to run. I am long sqaure currently in June 28th 74.5 calls and may look to exit relatively soon as RSI is hovering around 66.

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