RawZMoeTow

SQ begins a bearish trend?

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NYSE:SQ   Block, Inc.
SQ, I am long term bullish on this stock with a target of 126 by end of the year, but the recent lower low as well as a lower high can not be ignored. SQ had a really nice earning beat which caused todays pandemonium, running from yesterdays close of 77ish to 85ish USD. Congratulations to anyone who was able to play that huge nasty candle this morning, my long calls at 77, I decided to close at 83 this morning, and grabbed a 83 put to prepare for this downward momentum. Looking to see if the fib retrace plays out to 69 USD, which matched with pre-breakout resistance levels, which would also confirm the break out, in my opinion. worst case scenario we dip down to the .786 fib retrace and bounce between 60-62 USD. more likely to retrace to the 69 level. Much volatility is underway I assume

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