Square shares fell sharply over the past week to key support levels that traders will be watching for signs of a breakdown or breakout.
Square shares moved higher on Friday as its New Year rally gained steam, but traders will be watching these levels.
Square stock fell on heavy volume Monday, but minimal technical damage suggests that the decline will mark a buying opportunity.
Analysts expect Square Inc. to lose more than a quarter of its value in the next 12 months.
The mobile payment solutions provider has given some of its Cash app users the option to buy or sell Bitcoin.
Jack Dorsey is CEO of both, but he's failed to revive Twitter since returning to the helm in 2015.
Square shares moved sharply higher after the company posted strong third quarter results, but traders will be watching these levels.
The company, which sells hardware for payments and lends to small businesses, took the first step by filing an application.
Its rating was downgraded by CS largely because of a run-up in shares so far this year.
The e-commerce behemoth benefits from the move because the businesses spend on its fulfillment program.