Can This Stock Buck The Bears After Last Week’s Short Report?

Last week, Block (SQ) took some hits due to the news of a short report coming out against the stock. This report was enough to send the stock off a cliff, however, the stock was able to rally off key support at $60. If the rally extends, the ideal target might be $70.

As you can see on the chart in my video, this $60 level has acted as a support several times in the past with the stock unable to go much lower than this mark. Now, this level isn’t set in stone, so a breakdown of this level can happen, but the fact that price has once again stepped in makes it one to watch and be aware of.

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