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