Sq TRADE idea Entry 117.04. Stoplos 115.15
Take profit. Early exit 122
Half trade off 129.75
Move stoploss 119
Exit remaining trade 149.70
SQ trade ideas
SqAttempting a W breakout. I put a swing long at 114.78. Expecting stronf resittnce at previous high of 120.82. If we can clear and reclaim support. W breakdown could lead us to 130 resiatnce zone
Daily macd buy signal coming in
Descending traingle target 150
W breakour tarhet 137
Ichumchi daily resiatnce 130
Descending support backtest 113.15
Paypal vs BlockPYPL and SQ are among the biggest fintech companies!
PYPL P/E: 38
SQ P/E: 109
I think both have the potential to have a P/E ratio below 20..!
If you are looking at price volume it clearly shows in 2021 they had experienced a huge decline of 16% and 46% which means lower ambition to invest in these companies in comparison to 2020!
Soon they will be double digits!
Best,
Moshkelgosha
DISCLAIMER
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How to Day Trade, Live Trading on SQ Looking at support and trendlines real time can have a big positive impact on live trading success.
Here, I live traded SQ and explained how.
$SQ Trade update $SQ Trade update
Averaged down today here.
New average 125.88
New sell target 156.11 for 24%
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
Have fun, y’all!!
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( •_•)
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Block Inc. Is Probably OversoldYou can now purchase shares of Square / Block, the high growth fintech company, for what it was trading at back in fall of 2018. This parabolic selloff in ostensibly a quality growth name constitutes a buying opportunity for long term investors, and should be a solid place to begin DCA'ing or selling puts (which would be a great idea with the recent volatility!).
I'd recommend the April 75's. They pay 7.4% and give you a further 30% discount to the current price.
Cheers!
SQ Short 4 phase cycleMark Minervini´s 4 stage cycle thesis (Stock Price Maturation Cycle). Book: "How to trade like a stock market wizard" - Mike Minervini.
First time publishing any ideas so any correction is always welcome:)
Stage 1 - Base/ Accumulation
Stage 2 - Advancing Phase Price > MA150 y MA200
Stage 3: Top Area (Distribution)
Stage 4: Declining Phase (Capitulation) Price < MA150 y MA200
Block (SQ) Hi all,
SQ has been beaten down to hell over the past 3 months. This is my analysis on SQ, just my opinion Not Financial advice.
Notes:
1) As soon as it broke the ascending line of support from Sept '20 it got a rejection when it tried to retest it
2) The 0.618 Fib level offered as support twice but since SQ broke the support it will be a significant resistance moving forward
3) The RSI has been the lowest in the past 12 months
4) Funcademtals of Block are looking too good. After Jack Dorsey quit Twitter to work on SQ, rebranding itself to SQ are all great moves on a macro level
SQ possible scalp long entry Possible long entry on SQ if it can build more pressure, will update shortly if i take entry, trying to post possible trades a head of time if possible
Block/Square needs consolidate in the bullish pattern Block needs to consolidate in the bullish pattern in 'a' wave of the 2nd wave.
crab harmonic pattern:
X=$426
AB=0.61 XA
BC=0.38 AB
0.78 BC=$81
0.88 BC=$90
0.78 XA=$183
1.6 BC=$209
0.88 XA=$271
2 BC=$322
2.24 BC=$424
2.6 BC=$654
1.13 XA=$712
1.27 XA=$1248
3.6 BC=$2051
1.41 XA=2153
4.23 BC=$4157
1.6 XA=$4898
SQ at critical key levelCritical level for SQ to hold here at the intersection of higher and medium time frame pitchforks with the golden pocket and 2019 AVWAP
SQ a buy at $130?SQ a buy at $130 or coming down to $120? Selling volume picking up but $130 holding for now.
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!
Looking for these levels to hold. Bought short term SQ Calls.Expecting the July/August 2020 accumulation area to hold.
Looking for a pop next week to 144/147 to take off my Calls. Will scale out of calls as we trade above 140.
Started a position in shares for a longer term hold.
could see a deadcat bounce pattern here 🔥SQ sitting at trend support, looking for a move 150.26 before a possible pullback, if it can break trend resistance the next target is 169.68.
like and follow for more! 💘
SQ At Hard to ignore Zones BuyTheDip for $150++SQ has been neaten down pretty hard from its all time highs along with growth names and bitcoin.
It is great place to have a starter position to have a turnaround from here onwards. Matter of WHEN but not IF
Buy zone $120-$129
STOP loss $117
Consolidation here for upside move upwards of 150+
We predicted completion of final wave up nicely! Whats next?We Predicted a final bull run wave 5 to complete a large cycle wave degree initiated at 8.06 USD on 10th jun 2021 !
After hitting our first resistance zone , this large cycle wave completed and strong decline started. So far, Stock has corrected slightly more than 50 % of its whole bull run an is reaching to 115.49 corresponding to 0.618 golden ratio ! . Current around 50 % correction can also be acceptable but is not so common for a large degree wave 2. A sharp ABC form of correction can also be recognized with wave B at 270.16 therefore, 115.49 can be the turning point to start a larger long term degree wave 3 which will push the price to above 500 !!.
Please note that correction down to 68.25 USD corresponding to 0.786 retracement is also possible and is of course possible for this type of large cycle wave 2.
We certainly keep watching on the stock and follow it's path to make our huge profit in next long term bull run.
Good luck my friends.
SQ follows BTCBlock (the artist formerly known as Square) has much farther to fall...With BTC being in a bear market currently, SQ IMO will fall back to pre pandemic levels...The stock is overvalued but also underappreciated...I look to go long around the $80/$90 level...Happy trading
Bears aiming for $130?Signs:
Breakdown from the $190 support zone.
Bullish butterfly detected. Going from C to D.
Matches angle of channel on weekly.
200 SMA on weekly is around $130
SQ currently below 50 & 200 SMA on daily
RSI pointing to selling pressure. No signs of bullish divergence yet.
SQ is a BUYThe SQ sell off has been over done, Buying calls expiring in March at the $160 strike. SQ shouldn't have a problem ripping back to the $170 level by mid Feb.
Square / Block SQOVERVALUED and by far.
But possible short term trade : Entry at 140$ small rebound
Long term entry 100$
SQ thoughts and stuff. Up, Up, Up maybe,I think it may go up someday. SQ thoughts and stuff. Up, Up, Up maybe,
