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BLOCK INC CEDEAR EACH 20 REPR 1 COMBLOCK INC CEDEAR EACH 20 REPR 1 COMBLOCK INC CEDEAR EACH 20 REPR 1 COM

BLOCK INC CEDEAR EACH 20 REPR 1 COM

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SQ trade ideas

Extremely bullish on SQ with rising BTCSQ is now lagging behind BTC with massive sell off after ER and the small correction we've been going thru these last couple weeks. First set of stimmy checks are already out and both BTC and SPY are rising, I think we could see a decent amount of volume come back into SQ now that BTCUSD is retesting the 60k area and the stock market buying volume has turned green overall. Shown are possible Support and Resistance areas as well as a short term elliotwave
NYSE:SQLong
by SigCharts
Extremely bullish on SQ with rising BTC SQ is now lagging behind BTC with massive sell off after ER and the small correction we've been going thru these last couple weeks. First set of stimmy checks are already out and both BTC and SPY are rising, I think we could see a decent amount of volume come back into SQ now that BTCUSD is retesting the 60k area and the stock market buying volume has turned green overall. Shown are possible Support and Resistance areas as well as a short term elliotwave
NYSE:SQLong
by SigCharts
PUTS again? Deciding if price moves lower or reverses upThis is another tech stock that saw endless and thoughtless buying, and now look at that nosedive on the daily. But after such a selloff, how do you know to buy puts for more selling? After choppy action and big price moves, I like to check the hourly for clarity. Here you see price was testing the 20sma on hourly, and after a doji candle it moved lower. Moving averages are trending down, and a 3rd move lower would create a common 5-wave pattern. Also note that RSI came up to test the 50 and then turned lower again. This is important for me, as I rely on RSI heavily. If you are trying to day trade and/or earn a weekly income (as I am) then you have to make your trading decisions to fit those goals. On the hourly chart, you can see 205.50-205 is a mini-support based on Friday's move. This would be a first target to take profits. Can you identify lower targets? I would use 200 and 193. You have to take profits though, because you know a reversal can happen, and you can see on the daily chart that price has moved far from the 10/20 averages. So those lower profit targets may not be reached in this one day. In this example, you can see the 10:30 candle closed back below the 10ema. Use the hourly chart for the idea and then go to the 5 or 15 min chart for the trade entry. Would you buy weekly puts today and hold overnight? If price holds 205, then I would not. Price could gap lower the next day, but it could also start a move back up. So you could take profits on your puts, and if price breaks 205 before close you could buy a very small position to hold overnight, or you decide you are going to keep this on watch for the next day. You will be satisfied with your decisions if they support your goals. I suggest you set weekly goals, tasks, study items, and then each day you make trading and time-use decisions to achieve success.
NYSE:SQ
by OptionsRising
4
$SQ idea - potential for a move to $300 or $130This is not investment advice, do your own research. I'm playing with 2 scenarios for NYSE:SQ in the coming weeks. Scenario A) Bull - Since SQ reclaimed the rising channel, and is oversold, so I could see it making a final push higher to around $300 which is the top of the rising channel. Scenario B) Bear - SQ pops up to relieve some oversold pressure, forming a right shoulder over a couple days, then ultimately breaking down, taking it to around $130-150. These are level of support, and is the measured move of a H&S.
NYSE:SQ
by dagenn99
1
ST pain, LT gainsThe last time I thought SQ was a buy was back at $150 in late October. From there, it almost doubled in 3 months ($283 or 87%), but now it is only up a meager 44% from that point just a few weeks ago. PREAMBLE: I'm a huge believer in what SQ is doing LT - Lending and banking (and actually competing with banks) yes!! Remember when the stock plummeted when they announced they'd do this back in 2018, and then COVID hit and they were the only ones able to provide PPP to SMBs. Talk about validation of your concept - Bitcoin, yes - Trading to compete with Robinhood, yes --> SQ is truly fulfilling their goal of making finances accessible. FUNDAMENTALS: That said, SQ stock has some key issues: - It's a "high flyer" that grew 8.7x from its COVID low and 3.25x from its just-before-COVID high. - High flyers are out of favor for 2021... they won so much in 2020 after all (I'm certainly not complaining) - Volatility. Pick your favorite, reason, Jack Dorsey, Bitcoin, or trying to disrupt Wall Street... - Market cap. Back in July 2020 I did some analysis: July 2020: SQ =56; PYPL = 210; JPM = 295; BAC = 208; V = 414; MA = 300. March 2021: SQ: 98; PYPL = 280; JPM = 460; BAC = 319; V = 460; MA = 358. I won't even attempt to explain the differences between them all, but in short, SQ doubled and the others didn't. - Ratios, Multiples, and Traditional Valuation: Following from the market cap evaluation, can you imagine what the traditional valuation methods say about SQ right now? Yeah, it's not good. PE ratio >600 was a screaming signal for me to sell (as was TSLA > 1,200, but that's for a different post) TECHNICALS: I'm not believing in the support around $200: - We've had a great support channel from the COVID low. We just broke it - We had *some* weekly consolidation in September and October in the $140s and $150s ($151 being the most recent weekly low that I'm watching) - Weekly MACD is screaming SELL - Weekly RSI is reasonable now at 53, but with the monthly still at 74, I think we're due for further correction - MAYBE there is some support ~$200, but since we broke down to $191 on Friday (3/5) for a while, I'm not so confident - FIB, the 0.5 is at $157 (from COVID low to ATH) CONCLUSION: - I'm going to start buying back in in the $150s because I believe in the LT prospects for SQ to disrupt Wall Street. - This represents a ~30% downside which should bring us to where weekly RSI and MACD signal buying for LT positions. - This represents a market cap of ~70B, which would bring it in-line with the other diverse financials listed above (in terms of growth (ratio) since July 2020) - As for price target... well, history shows us that getting back to $280 is the near-term value. Beyond that, well, I believe we'll go much higher, but I won't speculate on that yet since I don't think it'll happen until at leas 2022 if not later.
NYSE:SQLong
by HandsomeSloth