I currently have a long position on square ande re-evaluation what to do at this stage.
Bount: Square got rejected. Sell or Hold?
5 years ago by knircky (73)
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Momentum going up is still intact on the longer time frame. Would hold unless it breaks the 50 day moving average.
I do not know the details of the company but know Jack Dorsey is a forward thinker and think SQ has a bright future.
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I would be receiving profits on a long position. The weekly 50 and 100 are about to have a death cross. Volume is in a downtrend, and the price keeps failing at the .236 Fibo line.
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@knircky, Keep coming up with these series because in a way i am pursuing new Knowledge through comments. I am saying new because i am just a Content Creator, so pursuing New Knowledge while participating in Rewarding Ecosystem is really exciting aspect. Stay blessed always. 🙂
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@knircky, Keep coming up with these series because in a way i am pursuing new Knowledge through comments. I am saying new because i am just a Content Creator, so pursuing New Knowledge while participating in Rewarding Ecosystem is really exciting aspect. Stay blessed always. 🙂
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It seems to be a solid resistance level the $ 82-$83. I would sell on that level. It depends also when was your entry level. Also RSI seems to be overbought. That would signalize to me to sell.
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Well it got rejected after a fast move. Such moves are unsustainable and always end up retracing slightly. As long as it respects previous swing levels, I would be holding a long-term position. It must stay above 25 HMA too (black). If it breaches either of levels and breaches, I would definitely be concerned.
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