Sunday Prep 11/07 - $SQ Would Fade a Hard Pop Back towards $250

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Block, Inc. (NYSE:SQ)

NYSE:SQ Block, Inc.

Trend Analysis

trendanalysis

Initial reaction on the earnings report was a move lower and they spiked it up the next morning in the premarket and then it sold off all day. I think this could potentially unwind down towards the monthly 20sma with 200 acting as a magnet. I would like to be fading a hard pop back towards 250.

snapshot

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