boonk
2023-03-26

$Block(SQ)$ .Square's Relative Strength Rating stands at 32 but block still can get lower next week. Will buy if it goes down near 52usd.

SQ stock faces stiff competition in both consumer financial apps and the small business market. Rivals include PayPal Holdings (PYPL), First Data's (FDC) Clover unit, Shopify (SHOP), merchant acquirers, and well-funded startup Stripe.

Square stock surged in 2020 during the coronavirus outbreak as investors focused on the growth of its consumer Cash App. They shrugged off worries over Square stock exposure to small businesses and restaurants that might close because of the coronavirus pandemic

Square stock surged in 2020 during the coronavirus outbreak as investors focused on the growth of its consumer Cash App. The bearish view is that Cash App's momentum proves transitory with low customer retention after the coronavirus pandemic eases

SQ: Short by Hindenburg but Supported by Wood?
$Block(SQ)$ fell 18% last week on short-seller report. Hindenburg Research accused Block of inflating user numbers. However, Cathie Wood loaded up over $20.9 million SQ. -------------------------- Was Block undervalued? How do you view this shorting report? Do you choose to short or bottom Block?
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Comments

  • YeddaJohnson
    2023-03-28
    YeddaJohnson
    Block Inc has a current resistance price of 78.04. No support level has been found.
  • XantheJuliana
    2023-03-28
    XantheJuliana
    The only good news from Block is to demonstrate that Hindenburg lied, or they clear from any SEC investigation. None of these happened in the last 3 or 4 days.
  • jeffry09
    2023-03-28
    jeffry09
    Bought at 60, will sell at 72. Easy money.
  • fishinglo
    2023-03-28
    fishinglo
    the chart shows a support level.
  • A_Isopod
    2023-03-26
    A_Isopod
    [龇牙] [微笑]
  • shining87
    2023-03-28
    shining87
    SQ is a Mega BUBBLE right now, as it trades as Ponzi Scheme, regardless of terrible fundamentals.
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