Q3 Earnings Reversed the Trend Upwards
SQ stock price is trading near to the supply zone but bulls look more aggressive as compared to bears. So the possibility of continuing the upward momentum remains high. Till the Block stock price trades above the 50-day EMA, the bulls will remain active and restrict the downfall. Moreover, if a short-term sell-off hits the shares, then buyers in the demand zone will try to absorb it. On the other hand, if the price slips below the EMA then it might be an indication of a bull trap. The analysis suggests the recent upmove looks genuine and the probability of holding the $50.00 level is high. Will Block Stock Price Give the Follow-up Momentum？ Block stock price displayed the bullish engulfing candle in the weekly chart. It engulfs the losses of the past five weeks and buyers are trying to give the follow-up momentum. The MACD curve slopes upward and goes above the zero line indicating bullishness. Furthermore, the histogram bars are deep green, and forming higher high bars also denotes strength in the up move. The RSI at 65 is highly bullish but near the overbought territory, so a minor retracement in prices is also possible. Para Concluir SQ stock price rose by 26% in November and
