Square Inc. $SQ is maintaining a bullish bias in the current phase of consolidation. We recently noted that ti held above a key support around $60, which was also a rising trendline.Square Inc. (SQ) Bounces off Key SupportThe ability to hold above $60 was a sign that the market is still bullish on SQ.SQ Daily Chart(click to enlarge)Consolidation with Bullish Bias:- As we can see on the daily chart, SQ has been in consolidation mode since the bearish correction in Q4 2018. - Price has been relatively sideways , but the hold above $60 establishes a higher low relative to the $50.25 low at the end of 2018.- Furthermore, it keeps SQ above a rising trendline coming up from 2017.- In June, price action has been sharply bullish and has pushed above recent resistance around $67 as well as a falling trendline. 200-day simple moving average (SMA)- Price is now testing the 200-day SMA. There might be some consolidation or "stickiness" around this $72.50 area. - But If price can hold above $67-$68, we would still be looking at a bullish market in the short-term.- A hold above $67-$68 would signal upside to the $80-$83.10 resistance area. - Then, a break above $83 could open up the 2018 highs around $100.