S2QU34 trade ideas
Square to $250 possibly $280?simple wave impulse correction every high was broken validating trend other confluences are fib levels I could see it drop as low as 88.6 if it drops pass $200 then the idea is no longer valid
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.
SQ Chart UpdateI've never posted a chart for SQ nor have I traded it, but it has a decent chart to take a glance at here.
Bearish under $240 supply area coinciding with 50day MA; bullish above
Opinion Only -
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.
$SQSQ LOOKING TO RECOVER SOME AFTER THE MARKET SELL OFF.
THOUGHT THE EARNINGS WERE PRETTY GOOD BUT WITH THE MARKET ROTION IT MAY TAKE A WHILE TO GET BACK TO MARKET HIGHS. ALSO AS BIT COIN IS A LARGE PART OF THEIR BUSINESS IT MAY STAY DOWN A WHILE UNTIL BIT COIN STABILIZES A BIT.
REVERSAL IS NOT CONFIRMED YET AND STILL WATCHING. MAY CONTINUE TO BE PULLED DOWN BY THE MARKET.
THIS IS NOT FINANCIAL ADVICE AND IS POSTED FOR MY RECORD.
Buying the DIP - Fintech is still applicable.Nothing has fundamentally changed in light of the recent tech sell-off. We are trading the strong monthly channel at bargain prices yet again. Play the cycles. Long.
last sq analyst didn't go as 100% planned.If SQ falls below the support it could hit another support around 200 and form a new support, or it could just bounce off resistance.
SQ getting sqaured awayThe payment processor allowing crypto trading and will report earnings later this month.
As always, our bread and butter at flightschool is choosing the ideas with decent risk/reward ratio.
Based on PYPL's performance we could have a decent move to the upstide on SQ.
$SQUpdate on $SQ idea. Looking to swing to previous high after earnings.
Drop happened faster than I thought it would and should hopefully be bottoming out.
THIS IS NOT FINANCIAL ADVICE AND IS POSTED FOR MY RECORD.
Square ($SQ) Long $400. SP500 Inclusion coming.Square the #1 company in tech voted by software engineers. How could I not be long?
Just so solid that it's boring.
PT: $400
Just hire me already.
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?!?!
SQ chart ideaSq is below the reg. channel and imo oversold. my buy entry is $235. sell target will be $250
Payment giant posted strong Q4Take away SQ Q4
1. Posted a 52% year-over-year increase in Q4 2020 gross profit of $804 million and up from $794 million in Q3 2020
2. Total net revenue for the quarter was $3.16 billion, up 141% year-over-year, versus analysts' consensus of $3.11 billion.
3. Operating expenses were $759 million in the fourth quarter of 2020, up 49% year over year, and non-GAAP operating expenses were $622 million, up 51% year over year.
4. Cash App had more than 36 million monthly customers active, a 50% increase year-over-year.
5. Purchased approximately 3,318 bitcoins at a cost of $170 million.
6. Bitcoin revenue increased to $1.76 billion, from $177.6 million a year ago.
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SQ short-term pull back the. go upPulling back from top of the channel (top trendline quite significant, verified by 5 previous contacts and the recent one). Key price levels are marked in purple boxes. Expect support from the 20 MA, key price level and Earning result. If break the 20 MA line then expect it to go to bottom of channel then go back up.
SQ Mid Trend Strategy ahead of EarningsSQ middle line strategy - look for a gap up post earnings, if filled - test ATH.
Pulling backPulling back, waiting for now. I like this stock but...
Most Arc patterns fall between 50 to 79%, but every stock is different. SQ is a strong stock so it may not, no way to know.
No recommendation
Parabolic Arcs can be long term patterns. When they fall, expect volatility as a rule, even if levels have been met.
Parabolic Arc chart patterns are generated when steep rise in prices are caused by irrational buying and intense speculation. They are usually not super common, but there are many in the market right now. If you look at the 3 year weekly and price is looking like a steep and vertical line up, think twice before trading it.
These patterns trend gradually making higher highs and lower lows in the beginning stages but can be volatile in the exhaustion and reversal stages.
Irrational buying in the public generates a strong rally to push prices vertically, followed by a steep sell off.
Parabolic arc is a reversal pattern and has a very predictable outcome. Although they are predictable, they are relatively difficult to trade since the market sentiment is bullish and may be relatively tough to point reversals to trade.It is usually best not to expect the price to return to Parabolic Arc highs for a long time.
price action into its earningone boss who has managed two different companies in two different sectors is doing soul-searching to find new market in Africa.
