I think a possible good swing set up is playing out on SQ. I may be a little patient before entering but i will give my opinion for those who enter this.
Price has broken well out of the downward channel and has passed the 50 sma. I believe that if the price action continues like this, a golden cross will be imminent shooting the price higher up.
A double bottom has also formed at the end of the channel. The price right now is in a supply zone therefore i suggest waiting for candlestick confirmation and a breakut of the supply zone for proper bullish momentum.
PT are 170 and 203 (the 200 sma). I think this swing play can take longer to play out but i believe there is potential.
Like always use stop loss. I would use 125 but 116 (the 50 sma) can also be used as a more aggressive stop loss.
DYOR
Price has broken well out of the downward channel and has passed the 50 sma. I believe that if the price action continues like this, a golden cross will be imminent shooting the price higher up.
A double bottom has also formed at the end of the channel. The price right now is in a supply zone therefore i suggest waiting for candlestick confirmation and a breakut of the supply zone for proper bullish momentum.
PT are 170 and 203 (the 200 sma). I think this swing play can take longer to play out but i believe there is potential.
Like always use stop loss. I would use 125 but 116 (the 50 sma) can also be used as a more aggressive stop loss.
DYOR