Today we get to analyse Square which is the stock to watch on our stocks to watch. (You can follow them via the RSS feed in our
Investment Guide app. 24th December 2017
An impending breakout was spotted by the analysts at I
nvesting.
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| Square weekly stocks chart Image source Investing |
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| Square Dailyy stocks chart Image source Investing |
Looking at the two chart it is clear that the market will go down at least by 4 more points. The Head and Shoulders pattern on the daily time-frame confirms this.
We are expecting the market to over around 30 or 29$ before it finds support. We will do well to go short and move to our stops to Break Even at that point.
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