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SQ trade ideas

An Intricate BlockA lot of bullishness unfolding here so I will start with the targets and break it down how I got them and why I am so bullish on SQ. *Initial Target = 138 ; time to target TBD, what I'm looking for is 3 consequtive green candles at the 2 hour level (estimating time to target occurring before the end of April) **Intermediate Target = 157 by 5/4/2022 - I will explain below Goal Target is above 166 , but will return to this after the first 2 pts are hit (I can say time to target is after May 4th) Explaination: - my analysis displayed begins after the gap on last earnings, notice the 5-count down to fill gap that immediately led into a harmonic resulting in a leading diagonal with wave 1 at 100% retracement of AD... the 5th wave made it to 2.618 - the corrective wave off (5) was a wolfe wave which led into a Butterfly which is yet to materialize... however, the green circle starting April 12th is a Butterfly Fractal - you'll see this if you look at the chart at 5 or 15 minute intervals... I am expecting the next leg up to begin any day now coming off this setup * Initial target is a 0.618 AD from the "primary" butterfly and a 1.618 from the "secondary" butterfly fractal. In between the current price and the initial pt (138) there is a gap to fill around 134 - this will be a 1.272 AD off the secondary/fractal butterfly (again, not shown but you can find it at the lower intervals). A gap and continue to initial target will set up to continue to intermediate target. ** Intermediate target of 157 is 1.272 AD of primary butterfly (shown). Using the blue trendline from the 1-4 wolfe wave resistance I obtained time to target as the intersection of the 1.272 AD and the 1-4 Wolfe line.. this falls on May 4th but could occur sooner in the right conditions. I'll revisit this soon but I'm seeing very bullish signals in SQ. Side Note: the yellow trendlines are just longer term trendlines from a while back, left them on there in case they can explain any hold ups or critical levels in price action, probably not important. Not Financial Advice.
NYSE:SQLong
by JerryManders
Square USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
NYSE:SQ
by Sunstorminvest
SQ to be "stuck" between $83 and $153 for a whileSQ was absolutely a lead bull for the last 2 years since COVID hit. That’s over. I’m drawing 2 Fib Retracements here: 1) LEFT Looking at the left Fib since the COVID low, we have now retraced back down to the 0.786 line (~$83/share). That’s bearish if I ever saw a sign. Furthermore, we in the last few weeks bounced up to $149.00, below the 0.5 Fib from the COVID low. Because we didn’t bounce off of the 0.618, there’s hope we can get bullish again, though bleak. 2) RIGHT Looking at the right Fib since the COVID high, we see we have bounced in the last few weeks to just shy of the 0.382 Fib. Again, not a good sign. If it were the 0.618 or the 0.5 Fib, there may be more room for a bullish look coming soon. I expect SQ to bounce around between the LEFT 0.786 and 0.5 Fib ($84 and $153), and the RIGHT Fib 0.382 and 0 ($154 and $83) ~~~shockingly close values~~~ for a few weeks or months here. Now, $83-$153 is a HUGE range for a ‘typical’ stock, so there will still be a lot of money to be made. I’m on the team of selling at the high end of this range and selling at the low end. When the channel breaks one way or the other, I’ll re-evaluate. Happy Trading!
NYSE:SQ
by HandsomeSloth
SQ: Trend Analysis and Key Points to watch!Hello traders and investors! Let’s see how SQ is doing today! Despite the drop in the past two days, SQ just reversed its bear trend and now it is in a bull trend. We see higher highs/lows, it is trading above the 21 ema, and the volume is increasing, just after it hit the support at $ 87 (keep this price in mind). It is the first time we see SQ doing these movements since mid-2021. It broke the previous resistance at $ 130, and this price level is supposed to work as a support for us next. In addition to the $ 130, we have the ascending 21 ema, which is another technical support. SQ could drop to these supports, and this wouldn’t invalidate the bullish bias seen in the daily chart. In order to reverse and become bearish again, we must see a clear reversal structure, and so far, there’s none. In my view, it is normal to see SQ struggling right now, because we just hit a key point in the weekly chart: As usual, the 21 ema is working as a resistance here, and SQ is having a hard time breaking it. However, we have some good news. Remember the $ 87? This price level is one of the most important for SQ, if not the most. It worked as a nice support level in February, because exactly 2 years ago (Feb 2020) this was the pre-Covid top. SQ lost 2 years of growth, along with the "tech enthusiasm" during the pandemic. However, I like how the market reacted at this price, and the volume tells us everything, as it had one of the highest spikes ever seen. To me, SQ looks interesting, and the bullish bias is intact, as we don’t see bearish structures. Either way, we must pay attention to the support/resistances mentioned in this analysis. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my analyses!
NYSE:SQ
by Nathan_The_Finance_Hydra
1
Square | SQ | Short to SupportSquare ( NYSE:SQ ) may not be done its decline in the coming weeks. It currently sits in a falling wedge formation. After an earnings beat on February 24th, retail jumped back in, but the gap-up was quickly filled 8 days later. It continues to show signs of weakness. Last dip to $82.72 may not be the near-term bottom. If Square continues its decline, true support may be in the $70s (or much lower). A continued break through the falling wedge's resistance and above the 50 EMA (yellow line) will nullify this thesis.
NYSE:SQShort
by NicksAnalysis
Watching SQI think a possible good swing set up is playing out on SQ. I may be a little patient before entering but i will give my opinion for those who enter this. Price has broken well out of the downward channel and has passed the 50 sma. I believe that if the price action continues like this, a golden cross will be imminent shooting the price higher up. A double bottom has also formed at the end of the channel. The price right now is in a supply zone therefore i suggest waiting for candlestick confirmation and a breakut of the supply zone for proper bullish momentum. PT are 170 and 203 (the 200 sma). I think this swing play can take longer to play out but i believe there is potential. Like always use stop loss. I would use 125 but 116 (the 50 sma) can also be used as a more aggressive stop loss. DYOR
NYSE:SQ
by AngD1899