Friday, December 22, 2017 10:49:35 AM
Shares of Square Inc (NYSE:SQ) broke major support today at $35.75. The payment processor had hit on this level multiple times in the last few weeks. This breakdown signals further downside to a target of $29.00. Once at $29.00, Square Inc because an attractive long position for a strong bounce higher. This is a technical trading chart setup. Note the chart below.
Gareth Soloway
InTheMoneyStocks
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