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SQ trade ideas

Can SQ close the $265 gap? I say absolutely!Greetings All, SQ completed a 78% retrace from its ATH of $283 recently. There is also support at the 50% retrace ($242) as evidenced by the volume traded on that day (it was an earnings day) and the outcome of the candlestick. I anticipate SQ will close the $265 gap in this week’s candle, however SQ may retrace back to support ($242) before doing so, in an attempt to close the minor gap between $242/$250. MACD looks promising. Happy Trading! Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss.  Loss of principal is possible. Please exercise your own due diligence.
NYSE:SQLong
by chiefwils0n
5
Weekly puts in SQ for price drop Square has gone up and up. The red lines mark selling (price pullback) that matches RSI peaks. I am looking for the same to happen here. Buyers rushed in before earnings, then stock went lower, and today price is chopping at 254-256. Buying seems exhausted and more people may book profits soon I am looking for price to stay below 257 and head down to 248-250, maybe 243-242. Sometimes these moves happen overnight. By using less capital (small position) I can comfortably hold overnight, absorb theta decay, and allow option price to fluctuate with stock price. You can look for an entry on 5/15m chart. I bought weekly 250 puts this morning. Will sell most today and will hold only 1-3 contracts overnight.
NYSE:SQShort
by OptionsRising
8
Buying Opportunity. Target: $253Greetings All, SQ appears neutral-bullish based on the following: 1. SQ has retraced and consolidated around a key-level of support (180days) around $230, which is the 61.8% retracement from resistance (all-time high) of $283.12. I anticipate SQ will bounce upward from this level. 2. SQ is slightly below the Monthly and Quarterly EMA, which I consider an opportunity to go LONG. 3. MACD indicates bullish strength. 4. SQ will close the $275 GAP in the future. 5. SQ beat earnings ( +141%) on the 24th. Strategy: 1. Target the 20 VWMA ($253) Happy Trading! Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss.  Loss of principal is possible. Please exercise your own due diligence.
NYSE:SQLong
by chiefwils0n
Square Support line Square is by far one of my favorite stocks of 2021. With the recent surge in Bitcoin the price and market of Square has exploded. Square ran up to $270, hit its resistance point and is now falling. Square has been in a really nice uptrend ever since the march crash. SQ price at close was $230 with a support line at $220 and $217. I see Bitcoin coming down to a price of 41,000 and this 3k fall would help SQ which is affect by bitcoin to come hit that support line. After bitcoin hits 41k I see it retuning to 50k and that once again would help SQ run up to a target of $300.
NYSE:SQLong
by Walkerwc2
Square - (Another) one that got away.I remember the first time I bought something froma Kiosk in the mall (remember those) and the vendor had me run my card through a little Square dongle connected to their cell phone. I thought, "Well, my credit card information is going straight to 4 chan." Then I though, "Cool, no need to call Verizon to set up a T1 to get a connection to process credit cards." I figured for sure it was a great invention, and had no competition. When the stock first came out, it was in the 9 to 12 dollar range for ever. Once the options came available, I kept selling Iron Condors and call spreads. Kept getting taken out on the upside, so I just switched to selling at the money puts, which worked well. (No position currently). This stock reminds me of one of the ones that Phil Town would talk about in his book, "Rule #1 Investing," a great book for investors. Could have just saved myself a ton of grief and bet the farm on long out of the money calls! Who says buy and hold is dead?!?!
NYSE:SQ
by SPY_Trader