It could get worse for one beaten-up payments stock, chart suggests (via TradingNation)
have rallied, and JC O'Hara, chief market technician at MKM Partners, said Square's charts aren't pointing to anything positive.
"Right now we're really breaking below a critical level of support. Those main lows around $60 [were] vital for this stock. We're breaking below, and really there's no next support level, until we go back to the December 2018 lows, and that's $50. This is a chart that I'd avoid right here," said O'Hara.
"I definitely wouldn't get in here, and if you are in, I would say get out at this point. I wouldn't go as far to say that it's a short, because it does look so cheap, but it's something that's concerning," said Gibbs.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How innovation and smart-grids are changing energy, part oneTechnology is changing the energy industry.
Read more »
The story behind Only NY, one of New York's favorite indie brandsFounder Micah Belamarich tells i-D about the opening of their Greenpoint store and shares photos of the new fall/winter collection.
Read more »
yes, there’s a scientific reason why you keep playing that one song on repeatIt’s not your fault. We’re gonna help you through this.
Read more »
Boat Rocker Media Acquires Platform One MediaCanadian entertainment company Boat Rocker Media continues to aggressively expand its Hollywood holdings with another acquisition. Boat Rocker has bought Platform One Media, the indie TV studio fo…
Read more »
'One day at a time': Bahamians displaced by Dorian seek solace in South FloridaAs Bahamians displaced by Dorian have come to South Florida, the community there has come together in fear for loved ones, a passion to rebuild and prayer.
Read more »
Artificial Intelligence Detects Heart Failure From One Heartbeat With 100% AccuracyLed by researchers at the Universities of Surrey, Warwick and Florence, new research shows that AI can quickly and accurately identify CHF by analyzing just one electrocardiogram (ECG) heartbeat.
Read more »