Tag: SQ
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It’s Best to Avoid the Block Stock for Now
Shares of Block (SQ) just dropped about 8.5%. All on the news federal prosecutors are examining financial transactions. “Internal documents indicate Block allegedly processed crypto transactions for terrorist groups and Square processed transactions involving nations subject to economic sanctions, according to an NBC News report,” as noted by Seeking Alpha. Making things a bit worse, a former…
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Oversold Shares of Block Could See Near-Term Upside
Keep an eye on Block Inc. (SQ). After plummeting on earnings, the stock appears to have caught support at $63.55. It’s also now oversold on RSI, MACD, and Williams’ %R, and could pivot to refill its bearish gap around $74 shortly. Other analysts like the stock here, too. Mizuho analysts, for example, have a buy…
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Here’s Why Block is Still Exploding Higher
Block (SQ) is on the run, as hoped. As we noted on March 27: Just days ago, the SQ stock took a $10 header on a Hindenburg short report allegation that Square has “systematically taken advantage of the demographics it claims to be helping.” However, it looks like most of the negativity has been priced…
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The Pullback in Block is Greatly Overdone
Block (SQ) is starting to show big signs of life again. Just days ago, the SQ stock took a $10 header on a Hindenburg short report allegation that Square has “systematically taken advantage of the demographics it claims to be helping.” As noted by Yahoo Finance; The short seller accuses Block of a “willingness to…
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Crisis Could Lead to Opportunity in PayPal and Square
Investors may want to avoid PayPal Holdings (PYPL) and Square (SQ) at the moment. For one, both are technically stretched. Square for example is plunging from its upper Bollinger Band (2,20), and from severely overbought RSI, MACD, and Williams’ %R. From a current price of $214, it could fall to test support at its 50-day…