Power Plays New Idea: SQ
August 29, 2024
By Scott Redler
Name: Block
Ticker: SQ
Price: $68.22
Needs to Hold: $60 to $64
Price Objective 1: $75 to $80
Price Objective 2: N/A
Surprise! I'm adding a second Power Play this week - Block (SQ).
This wasn't on my radar but I believe SQ can play catch-up to Upstart (UPST) and Affirm (AFRM).
I see a strong chance of SQ catapulting from here, so long as it holds the $60 to $64 area.
Elsewhere in Power Plays, XBI is looking very good today. If it can stay over $102, that would be a very bullish signal. Rivian (RIVN) is also coming along nicely.
-Scott
Scott Redler Positions Disclosure as of 2024-08-29 at 1.55.56 PM