Square Inc. $SQ has been in a sharp correction this past month, after it almost hit 50 back in November. SQ Daily Chart(click to enlarge)Support and Momentum:- Price has retreated to a previously common support around 34.75. - Also, the RSI in the daily chart is back to 40. - A bullish trend usually maintains the RSI above 40. - This has been the case in the prevailing bullish trend.- I think if price can hold above $34, SQ is still bullish, and will likely rally back towards 50. - If not bullish, SQ could still be bullish-neutral, setting up a consolidation range between $34 and $50. - Below 34, we should probably look for a slide into the 28-30 area. Disclosure: I have SQ in my portfolio