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SQ

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:XYZShort
by victorko
1
Is SQ finally bullish?Wondering what everyone thinks. Chart looks pretty good, finally broke resistance (green trend line) Currently facing resistance at the 0.382 fib extension line (roughly $72.88) - Historically, seems like SQ is a big fan of this fib level (Take a look at how price reacts every time it touches 0.382 fib extension + 38.2 retracement - Seems like a last kiss set up as well, where price may consolidate within the red rectangular box, hence why $78 should be strong resistance If you have any comments or questions, feel free to ask! Thanks, will continue to update on SQ. -Rocky
NYSE:XYZ
by Rockys