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SQ

Bearish Square!Square fell below the blue support line, with stimulus failing and market sentiment dissipating as election nears I am looking for square to keep falling as seen back in July. My bearish prediction & entry point: Square will keep falling and find support between $158 and $161, as markets shake off election and institutions begin buying markets will turn around and Square will approach new highs by February 2021. Notes: Smart money already sold back in August and has plenty of dry powder to enter once the price is right, keep an eye on bullish reversal candles and watch as volume increases, then enter! Do not let emotions get in the way
NYSE:XYZShort
by RaftoO
$SQ heads towards the sky With a nonestop climb since its IPO, $SQ had a huge raise post COVID-19. The technological sector has suffered from a hard correction on September, but it seems to be over now since the tech stocks are starting to recover. $SQ has shown great strength on the past few days. The RSI is on an up-trend as well as the MACD. Both are on significant levels as the RSI has crossed the 50lvl and the MACD is about to turn positive. Both are hard long signals indicating Square´s momentum is getting started.
NYSE:XYZLong
by gmana
SQ tests resistance After hitting the top of the channel, SQ is on its way down. The Relative strength index shows the price has a little bit to go before it hits the support line. I would watch patiently and wait for the RSI hit the bottom before taking an entry position or buying more. Accordingly, wait for the price level to hit the double support line. The double support line consists of last week’s high and the bottom of the long term channel. If/when the price tests the double support line, a bounce from the low would be a bullish signal while a drop beyond the support-level could be omega-bearish. Overall this is a strong stock so I prefer to remain bullish, and I recommend an entry above 141.50 if it bounces.
NYSE:XYZLong
by Isaiahgr3