Election and technicals will break Squares uptrend

Square rallied over 150% in one year. COVID-19 is a good ecosystem for companies that offer seamless transition online. Jack is also committed to the future of cryptocurrency and recently allocated $50 Million of Squares assets in Bitcoin. Unfortunately the election and strong technicals are about to break this 6 month uptrend channel. I expect it to rally up till the earnings this week and then pull back at least 6%. Key metrics to watch include the MA cross 50/200, RSI downtrend and MACD. Square has consistently moved drastically once MA 50/200 cross. A good buying opportunity for the long run is approaching. $158 support. Good Luck.