Square bouncing from a Major Support ZoneToday, we will share our perspective on Square INC.
-The main thing we can notice is that the price has been ranging since December 2020. So, we will be working inside that range
-The Range is made by a solid support zone at 190 - 198. We have been observing several bounces from there, and in the current situation, it happened again.
-Another relevant item to notice is that the descending trendline has been broken, and we can see the price right at the edge of it.
-Based on that, we have defined a yellow horizontal line as an activation level for our bullish view. If the price reaches it, we expect a bullish movement towards the next resistance zone at 245
-The invalidation level for this view is below the current flag pattern.
Thanks for reading!
