SQ - Rising Trend [MIDTERM]

- SQ is in a rising trend channel in the medium long term.
- SQ is moving within a rectangle formation between support at 44 and resistance at 90.
- A decisive break through one of these levels indicates the new direction for the stock.
- The price has reacted back after the break of the double bottom formation.
- There is support around 71.5, which now indicates good buying opportunities.
- An established break through this support will neutralize the positive signal.
- SQ has marginally broken up through resistance at 71.5.
- SQ is overall assessed as technically positive for the medium long term.