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SQ

Square May Fall Hard - Sunday Stock TalkSQ (Square) Support at 60 because of previous support. Resistance at 70 because of previous resistance. Price action is looking to be bearish at the moment but we are approaching a level of support. Looking for either a bounce at the 60 support or a break through the 60 support for a push down lower. Predicting that SQ break down under the 60 support and fall to the next support zone. Want to learn more or watch this analysis on Youtube, then follow me on Youtube and Instagram at The Impeccable Investor.
NYSE:SQ
by tenpercentcreditspreads
1
SQUARE SQ IS SKY HIGH - SHORT ITSquare SQ is so high and overvalued, it is ready for a serious short. SQ DCF valuation assuming growth rates of 50% sliding down to 7.5% over 10 year yields a value per share of $45. This assumes SQ will get a large portion of the world's payment system. However, there are many competitors to SQ - VISA, MasterCard and PayPal for example. I don't think SQ will be able to keep up the high growth rates when faced with these competitors. SQ's valuation could be a lot less than $45 per share. Technically, SQ has broken a major up trendline and is in a wedge. The RSI, ROC and MACD are all pointing to a downwards move. I suspect this stock will drop rapidly from here. Note it doesn't have any earnings yet, its P/E ratio can not be calculated because of negative earnings. If SQ can not break even soon and growth tapers, expect a dramatic fall in share price. The drop could start soon when it announces its next quarter earnings. If next quarter earnings are negative again, watch out, it's going to fall.
NYSE:SQShort
by victorko
1