Greetings,
SQ has been in correction, and at some point will fill the $215 gap. Resistance (red channel) is evident at $250, with four rejections around this price point making SQ bearish in the interim. SQ may even try to test support around $200 (green channel). However, if SQ breaks through the resistance channel, target $285 and $300.
Targets are Blue!
Happy Trading!
SQ has been in correction, and at some point will fill the $215 gap. Resistance (red channel) is evident at $250, with four rejections around this price point making SQ bearish in the interim. SQ may even try to test support around $200 (green channel). However, if SQ breaks through the resistance channel, target $285 and $300.
Targets are Blue!
Happy Trading!
