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Square

SQAnalysis done on 30 minute candles. Block Inc, formally known as Square, is trading near a 52 week low and bulls are still wary of buying the stock. Looking at their financials, the company's revenue and bottom line are moving in the right direction, but their balance sheet needs work, specifically in its asset to debt ratios and free cash flow. Square's growth has been consistent, but new threats from Apple's new payment processing software are making it hard to foresee a robust future for the company. Square may see itself in trouble if they don't pivot or consider a buyout. Looking at the short term potential, the daily candle (not shown) peaked above the 20 day moving average today, making that line the primary support in focus. If SQ's daily candle opens above it tomorrow then use it for support, but if it gaps below it then it will become a strong resistance. Another resistance in the way is the 116.20 mark, which SQ will need to break for a chance to move towards 118.00-119.00.
NYSE:SQ
by hyperstocks
Square/Block Analysis 05.02.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
NYSE:SQ
by basictradingtv
13
SQ Block Inc: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Block, Inc. (SQ). The chart is self-explanatory. The price is in a descending broadening wedge and making an attempt to break out of the wedge. If price gets rejected it could fall into the Support Areas. RSI is at the S/R line and has potential to bounce off of it. If RSI breaks down, expect the price to continue falling down. Price is below the EMA Ribbons and SMA (50 and 200). Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Descending Broadening Wedge, Fibonacci Retracement, Death Cross, Simple Moving Average, Exponential Moving Average, Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. I have additional charts below on cryptocurrencies, stocks and more to review. Check them out! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
NYSE:SQ
by MillionaireEconomics
Square or Block, who cares? We are going higher. Hi everyone, As a proud bagholder, I present to you the NYSE:SQ chart. Slaughtered as all growth stocks, the price finally bounced this week for +15% gain for now. That's nothing compared to meteoric dump of the last few months. The chart. Last 2 year POC is at 230 . All-time POC is at 60 . Square has been investing into growth for many years now, I think real value of the stock is nowhere near 60. Thus, I doubt we return to that range. The 100-150 price zone is a wild west, with swift moves and low volume. We should slice through it on the upside. Next significant supply zone is 151 . Further up: 170, 191, 222-230 . RSI is still oversold on a weekly. I would say it is not too late to buy. Full disclosure : I am long Square since Jun 2020. I bought more shares yesterday. As always, trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.
NYSE:SQLong
by AyBe_Invest
1
Leaps On SQ - Apple BS NarrativeBuying SQ right here right now for big discount, I haven’t even checked I just know it’s cheap and the indicators look good for a potential bottom. I’m looking to buy 6 month and 12 month calls out of the money. The 4 hour has flipped bullish and daily is close, markets could see a nice bounce here over this week and next week before we resume a plunge to the abyss. I’m gonna start averaging in one call a week or every 2 weeks and maybe even play a few shorter term higher risk calls.
FTX:SQUSDLong
by WalrusFat
Square/Block Analysis 15.01.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
NYSE:SQ
by basictradingtv
6
$SQ BLOCK weekly 0.618 bounce????? $SQ might have found its bottom need to confirm support in this area bears still in full control looking for support at the 200ma which is also the .618 fib level if we lose 200ma next level of support is way down below $100 where the volume profile shows strong support in the $87 area I expect $SQ (BLOCK) to start consolidating near the 200ma remember stocks like to SINK into support so could trade slightly below 200ma for a bit but not much lower IMO if sell momentum continues worse case is $87
NYSE:SQLong
by bmoneytree
SQ - fib fractalHello, I see a similar “lobbing over” fractal on a smaller time frame in our recent history. In the previous example, we took a small bounce off of the .50 Fib level, before continuing on down to the .618. In this current situation, we have also picked up some support on the .50 fib retracement level. I am interested to see if history will repeat itself with a move down to the 120’s? For reference, I took the bars pattern from before, and stretched it out to fit the current. It fits the S&R vectors fairly well as well. Good Luck, Godspeed, Love & Light!
NYSE:SQ
by DHLawrence
1
SQ (SQUARE) Big Shorting opportunity aheadToday were taking a look at SQ (SQUARE) So SQ made a big move down for earnings around the $225 level. This level is widely being considered as a "buy the dip" opportunity which very well may be. However obviously we are offering a different perspective and heres why: Reason 1: We spend more than 3x the effort (activity) on August 2nd than we did on February 16th to make the same level highs. (relatively, weekly outlook) So if we have more participants and cant breach a new level we have to consider that perhaps long isnt the direction. Reason 2: 235-240 zone was a big area that held as support for nearly 5 months. We finally broke down and closed from that level. So for Operators to immediately reclaim that level is just a less than probable event. Reason 3: Although not very clear it appears we have completed the B corrective wave and are well into our C distribution wave. We are referencing Elliot waves here. A modest 1:1 ration gets us to the 200-208 destination. Note: 1.5x and 2x distribution waves are no stranger. There are a few more things happening here that are subjective that I will leave off such as harmonic patterns and the overall type of bearish structure we are in. In this case I dont think we need to add that to the confluence. Theres enough to suggest a lower price is more likely than not going to be realized. As stated I like the 235 to 240 maybe even 242 area for shorts/puts to be initiated. If you were to go into a lower time frame like the 4hr or the hourly you can find a much more precise entry point with a more favorable risk profile if not this would be a 1:1 trade short.
NYSE:SQShort
by Thecontrariandaily
3