Is SQ finally bullish?
Wondering what everyone thinks. Chart looks pretty good, finally broke resistance (green trend line)
Currently facing resistance at the 0.382 fib extension line (roughly $72.88) - Historically, seems like SQ is a big fan of this fib level (Take a look at how price reacts every time it touches 0.382 fib extension + 38.2 retracement -
Seems like a last kiss set up as well, where price may consolidate within the red rectangular box, hence why $78 should be strong resistance
If you have any comments or questions, feel free to ask! Thanks, will continue to update on SQ.
-Rocky
Currently facing resistance at the 0.382 fib extension line (roughly $72.88) - Historically, seems like SQ is a big fan of this fib level (Take a look at how price reacts every time it touches 0.382 fib extension + 38.2 retracement -
Seems like a last kiss set up as well, where price may consolidate within the red rectangular box, hence why $78 should be strong resistance
If you have any comments or questions, feel free to ask! Thanks, will continue to update on SQ.
-Rocky
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