SQ - 5.13% Potential Profit - Bullish RectangleClear uptrend Support and Resistance with a Bullish Rectangle formed within.
Short term swing trade that I would close before earnings on 5th August.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $133.45
Suggested Stop Loss $130.94
Target price $140.45
Square
$SQ another shot at ATHThe last time I posted about my entry in $SQ I got stopped out. However, I am planning on entering again because it has shown strength (look at how it has bounced off its 21 EMA at every test).
It is also consolidating into a tight bull flag and looks prime for another run at its ATH. Earnings are on August 5th.
Open Cheque Company / Pursing SquareJust Buy it
He is a very persuasive charismatic reasonable kind sincere and generous person
Born to win
Long term Buy and Hold
Square Long 2:1 upside for wave 3Looks like Square is in the 3rd wave up.
Targeting $180.77 for a Risk:Reward of 1:2.
Look for a retrace to $125.33 for the 4th wave.
Count Invalid if price breaks the wave 1 high at $101.20
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Never Trust. Verify.
D.Y.O.R . Not Financial Advice Just an Observation.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
Watching Square as it rallies to all-time highsSquare really is a great company that's made payments and business software easier for everyone. They've also made Bitcoin, crypto, and other forms of trading mainstream with the Square app. I was once an investor in this company, way back during its IPO in 2016. I held for several years and was eventually out of it. It was a great run, but because of that I always keep my eye on it.
The recent search seems intense. And too strong. How much higher can Square go from here? I don't think it supports the revenue growth trends and while the future is bright, it seems a little disconnected. Let's wait and see...
$SQ Demand at $70$SQ is approaching strong weekly supply around $94. You can see price near this weekly level on the hourly. I expect a move down until we hit demand at $70.
$70 is a good demand (buy) zone because price has yet to fall to this level since price rallied from it on May 7, 2020. Long at $70 with a stop-loss just below $68
SquareSquare, Inc. was incorporated in 2015. The company offers financial and marketing services through its comprehensive commerce ecosystem that helps sellers to start, run and grow their businesses.
Square's recently had a report and even in a falling market, it looks very good and makes a 200% profit every last quarter.
Square has the most famous application Cash App where you can:
- buy a BTC in one click,
- set up to buy for the rest of the money,
- buy all the time.
They provided mass adoption for its application Cash App.
Each quarter, they buy a cryptocurrency for the sum of 180 million dollars.
Jack Dorsey is the founder and chairman of Square, as well as Twitter.
If you are far from the crypto world you can buy different ETFs but it turns out that's not what you need in.
Buying SQ you buy the company without any risks.
While the crypto market was down, the company was developing successfully and made money.
Starting in 2017, the company had also increased by 5 times at a time when Bitcoin dropped sharply, to about $3000.
However, it is worth noting that the most marked reduction occurred at the end of 2018, a sharp drop of near 50%.
Anyway, I think the company will continue to grow.
The last reports good enough. During this period, Square experienced enough high level of volatility +7-10%.
Market Cap: 34.497B
Best regards EXCAVO