Block with a fantastic setup

4 Jan

It's hard not to be bullish on Block right now as it breaks out from a multi-year accumulation. On a weekly chart the 200 ma has broken out and held on a retest and price continues to ride the 9 ema. I've labeled some overhead resistances to be aware of and possible areas to take some profits. My personal play is to take off 20% at the first horizontal (120s) and another 20% off at 160s.

7 Jan

Catatan

added shares

10 Jan

Catatan

added more shares... this dip is a gift.

11 Feb

Catatan

pattern failed, i got stopped out for a loss.

5 hari yang lalu

Catatan

still basing on the monthly support in the low 80s, just below the one i drew. Square loves to dump right before it pumps, i'm open to that happening again. Long term this is still a bullish chart. I haven't sold, and may add.