Square Inc. $SQ has lost about 50% market cap since its share price hit an all-time-high around $100.40 and reached a low around $50.20 right before Christmas. Right after the holiday, the markets opened with a sharp rebound, and SQ also rebounded. For SQ, this rebound also showed respect to a key support and gives it at least a short-term bullish outlook.SQ Daily Chart(click to enlarge)Support and Morning Doji Star:- First of all, as price approached $50, there was a rising trendline support as well as a previous resistance pivot.- We saw price slightly crack this support but stay above the $50 mark. - Then, we saw a strong bullish candle completing a "Morning Star" candlestick pattern.- With this dynamic, I think will see a period of consolidation above $50. In other words, the "bullish reversal" candlestick pattern here suggests a local low, but does not necessarily suggest a sustained bullish reversal. - Overall market condition might still be tentative after a period of "start-of-the-year" inflow into the markets. - At the same time, I think we will see SQ stabilize above $50 in January, but with limited upside perhaps to $60. https://trendystockcharts.com/...