SQ fell 16% on Monday when it received a downgrade on valuation. This hourly chart shows extraordinary high volume selling 2 hours last week on November 22nd. Do you think that these sellers knew something was going to happen this week or were just lucky traders?
Good observation, thanks for sharing that.
I sure don’t know. But I know that I personally took a good amount of profits in my positions at the end of last week. I recognized that I made very outsized gains in just a few trading days so I pulled some cash off looking for a pullback early this week. I was surprised by the move up on Monday morning but the give back did come and I found some nice entry points then. (Only time will tell if I’m right. In the meantime, I’m a lucky trader.)