{"id":24500,"date":"2023-03-24T07:37:47","date_gmt":"2023-03-24T07:37:47","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/hindenburg-is-coming-for-block-inc\/"},"modified":"2025-11-18T12:41:11","modified_gmt":"2025-11-18T12:41:11","slug":"hindenburg-targets-block-inc","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/th\/hindenburg-targets-block-inc\/","title":{"rendered":"Hindenburg Targets Block Inc: Implications for Traders"},"content":{"rendered":"\n

Good morning Traders!<\/p>\n\n\n\n

The short seller hedge fund Hindenburg, which rose to fame after taking on Gautam Adani with allegation of fraud is coming for Block Inc. (previously known as Square).<\/p>\n\n\n\n

Block Inc.<\/h2>\n\n\n\n

Hindenburg<\/a> is alleging fraud at the payment company. And after the big drop in value for Gautam Adani\u2019s companies, following Hindenburg accusations, many market participants have decided to sell the share, causing a big gap down at the opening yesterday. It\u2019s important to note that Block Inc. denies any wrong doing, and is looking at legal action against Hindenburg.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

On the technical side, the market has been selling off since the high it reached in August 2021. After finding Support at around the area of the 51 level, the market<\/a> tried to go higher, but met with renewed selling at the Resistance level<\/a> of the 91 area, thus printing a Monthly Lower high.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After yesterday news, the market closed 14.8% lower, bringing it closer to it\u2019s Support level of around the 51 area.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

I\u2019ll be looking for either a relief pullback to around the 70 area, or if the market will continue strongly lower, then a compression of price pressing on the 51 Support area. Next potential area of strong S\/R may be at the Monthly chart Low, around the level of 32.00<\/p>\n\n\n\n

Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning Traders! The short seller hedge fund Hinde […]<\/p>\n","protected":false},"author":15,"featured_media":20872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"Hindenburg Targets Block Inc | %%sitetitle%%","_seopress_titles_desc":"Discover the latest on Hindenburg's investigation into Block Inc. Stay informed about potential market impacts and trading opportunities.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"Hindenburg Is Coming For Block Inc - FXGlobe","_seopress_social_fb_desc":"The short seller hedge fund Hindenburg, which rose to fame after taking on Gautam Adani with allegation of fraud is coming for Block Inc. (previously known as Square).","_seopress_social_fb_img":"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/03\/Hindenburg-Is-Coming-For-Block-Inc.jpg","_seopress_social_fb_img_attachment_id":11335,"_seopress_social_fb_img_width":1200,"_seopress_social_fb_img_height":630,"_seopress_social_twitter_title":"Hindenburg Is Coming For Block Inc - FXGlobe","_seopress_social_twitter_desc":"The short seller hedge fund Hindenburg, which rose to fame after taking on Gautam Adani with allegation of fraud is coming for Block Inc. (previously known as Square).","_seopress_social_twitter_img":"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/03\/Hindenburg-Is-Coming-For-Block-Inc.jpg","_seopress_social_twitter_img_attachment_id":11335,"_seopress_social_twitter_img_width":1200,"_seopress_social_twitter_img_height":630,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"both","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[7],"tags":[],"class_list":["post-24500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-picks"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/posts\/24500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/comments?post=24500"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/posts\/24500\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/media\/20872"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/media?parent=24500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/categories?post=24500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/th\/wp-json\/wp\/v2\/tags?post=24500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}