Topping Tail Chart Alert: Square Inc

By Gareth Soloway of In the Money Stocks

President & Chief Market Strategist at IntheMoneyStocks • Dec 9, 2020 at 1:38 PM EST

There is a Square topping tail alert as the stock has reversed those early gains and is now negative.

Shares of Square Inc (SQ) hit a new all-time high today at $220.50. However, there is a Square topping tail alert as the stock has reversed those early gains and is now negative. Should Square closed here, the topping tail signals to technical investors a major top pivot and further downside in the coming weeks. Should this topping tail chart hold true into the daily close on Square, look for downside in the next six months to as low as $140.00.

Square Inc has rallied from $60 in March 2020 to its current all-time high of $220.50. This epic move has mirrored many other technology favorites in recent months.

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