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Square (SQ) showing strength off key support

Square (SQ) showing strength off key support

by | Sep 22, 2021 | Chart SetUps

Square (SQ) shares put in a hammer reversal right on the rising 200-day moving average recently and also held above VWAP off those May lows on every close. Shares started to break out of the base this week with trend resistance, the 34-day EMA and VWAP off the highs standing in the way of a breakout, so needing to clear $265 for a potential trend-move to new highs past $300.