SQ coiled ready to pop to $80+ ahead of earnings

Panjang

Block, Inc. (NYSE:SQ)

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NYSE:SQ Block, Inc.

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SQ at a major trendline resistance area from the ATH. People jumped on board short yesterday as you can see the increase in volume and a bearish looking candle.

My plan is take the break of that bearish candle of yesterday with a target of $86 area with March $75 calls stoplimit $5.70 with a stop at $4.50-.60. Not risking more than $250.

As always let price discovery be your guide :-).

Dagangan aktif:

Filled.

Komen:

Don't like that daily candle that just came in today. A move above today's high could squeeze above $78 into the $80+ range. Let's see what happens the rest of the week.

Komen:

Here's my new plan on this SQ trade:

Dagangan ditutup: hentian tercapai:

Stopped out on this trade. No momentum.

Penafian

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