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.
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