Update on SQ, what's next? Will the next major leg up come??

2021年8月13日

I thinks its pathetic that after hitting ATH not long ago, SQ could close over it. That is why I think this is still pushing forward and trying to hit 300 soon. From the chart, we can clearly see the three circled areas. All are areas where we bounced off that 20 day MA. SQ is still in an uptrend, nothing has changed from that perspective. For the selling that is going on, its normal to have some sellers after increasing in price so much that last few weeks. To further bring some positivity, the days SQ goes red are way below the 3 month avg of SQ. I expect us to be coming to and end as the sell volume has been dwindling from the line I drew. What to expect? 285 has been the struggle. We could very well bounce Monday up to 285, and come back down. Does it try again after that? We will have to see.