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SQ Trying to Break the Yellow Resistance Zone

Written By: ChartChamp

April 2, 2024

$SQ has a lot of upside potential with previous all time highs around $288. I think SQ has been forming a range near the bottom between the light blue and yellow zones. The price is currently trading near the highs of this range near the yellow resistance zone. I prefer to buy near the lows at the light blue zone, but I don’t think the price is likely to drop back there. SQ is showing some solid bullishness into the yellow resistance zone here, and I would monitor for a break. I think there is support building up around $75 – $76 for an entry.

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