SQ trade ideas
What do you see... Really, this is a beautiful chart... in strange times... tell me what you see...
Also I'm going to sell 154 puts... FYI
SQ - sitting at support AVWAPSQ reports ER on thursday and currently sitting at anchored VWAP.
On Wednesday, October 13, 2021 there was some notable buying of 5,171 contracts of the Dec $240.00 call
Short interest has increased by 22.3%.
Play the ER runup as most tech ER's have been disappointing.
SQ to $275 on inverse H&S?Greetings,
I anticipate a bullish run to $275 for SQ based on the inverse H&S pattern shown on the daily chart.
Happy Trading!
SQUARE - BULL BEAR make it or break it zone
Failling to make higher high on a close basis
Price is trading within bearish mother candle (2 inside candles)
1hr time frame evident H&S potential and testing support
Daily chart FIB top to bottom tested and rejected the ultimate entry zone (additional confluence for fib traders)
SQ - 11/01/2021SQ monthly chart is giving an bullish ascending triangle, and upcoming ER will give ultimate direction to the trade.
SQ Trade OpportunitySq is trading in an aggressive bullish channel, There is also a symmetrical triangle
SQUARE Inc. (SQ) AnalysistLast Night SQUARE Inc. closed above support at $254.44 and made bullish engulfing candle. so, potential to go up. my target analysist at $273 and stoploos at $251 positive or negative catalyst could affect for this analysist.
Note : Note : just a self analysist not recomendation
SQ LONG $260+NYSE:SQ is trading within a Bullish Flag. It held the bottom trend line of the flag today. If this holds tomorrow it should bounce back up to $257 -> $262 -> $264 considering the Earnings coming up in Nov. NOTE: Since SQ is invested in Bitcoin, should always keep an eye on Bitcoin price movements.
Square stock is trading inside the box. SQ analysisHi everyone,
Today we are taking a look at NYSE:SQ perfomance.
As always, I've put the stock inside my boxes.
NYSE:SQ has been trading with high volatility inside 190-280 range for almost a year now.
Key demand areas:
191-197
222-230
Key supply area:
281-288
My outlook:
To go for ATH we have to break 290 and consolidate above.
To start a position look for the entry inside the demand zones.
I think the company has a great long-term potential in fintech space with crypto adoption, so I am long .
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
Falling Wedge- Bullish - UpdateSQ frankly looking very Bullish here Going into Earnings. Bullish and looking for a breakout- Just some support and resistance levels to keep an eye on along with some RSI based supply and demand zones
See Previous charts & weekly chart below
Weekly Timeframe-
- Ascending triangle forming on the weekly (See Chart Below)
- Bollinger Bands squeezing
- Slight hidden bullish divergence
Daily TimeFrame
- EMA's starting to curl upwards
- Falling wedge
- Sitting right on its 50 day Moving Average (Not Pictured)
PT1- $261.28
PT2- $267.18
PT3- $271.76
PT4- $272.33
Previous Charts-
Can we expect a new bullish impulse on SQ? Today we will take a look at Square Inc. Jack Dorsey's company. In case you don't know who Jack Dorsey is, he is the founder of Twitter inc. In case you don't know what Twitter is... (I'm just joking)
Let's go back to Technical Analysis:
I can see two clear structures here:
*The previous impulse (which is a sequence of higher highs and higher lows) + The current major correction is a sequence of movements inside a constrained range. Ok, what is so special about that? Using Elliott Wave Theory, we can see the relationships between these two movements; one is a correction of the other one. And what Elliott concluded is that the next bullish impulse (IF it comes) will have kind of a relationship in terms of proportions with the previous impulse. That's why we use Fibonacci Extensions to define targets. Key Take away of this bullet point: The targets for a possible bullish movement are: 350 / 400 / 440
* Now let's take a look into the current major correction: After 170 days below the previous high, we saw the breakout in August, after that the price has been correcting on edge (which is pretty standard, after the breakout of structures of this size) This minor correction has been on its range for almost 80 days.
* Conclusions: IF (capital letters, conditional sentence) the price makes a new ATH, we will consider that as an activation level for the bullish view. Targets are the levels we mentioned before. Invalidation level will be below the minor correction at 218.00/ IF not the analysis is not valid (that simple)
*The expected duration for a movement like this can go between 100 to 150 days
Thanks for reading guys! Remember to add any ideas or thoughts to the comment. Protect your capital!!!
SQ Sq looks great on the 4H forming a V top, need to see if it can break blue line to clear the top and move up points, unless we reject top of line and come back down t test supports. Also Sq has a good catylast going which is new check out on cash app pay for consumers.
$SQ - weekly chart is fireWave theory may have this pegged to go lower (which aligns with market right now), but holy crap this weekly chart looks good. Sq had a failed breakout this week, but for now is still surviving the 30 week MA backtest. When this one breaks out it is going to fly.
Vol shelf support and Avwap pinch, this thing could get legs this week if market conditions permit
SQ LONGSQ great company probably one of the most innovating companies around so IMO the future is bright for this company and $300 is around the corner.
SQ: 294-329Looks like we have a SQ push from a breakthrough TL at 254.
254+75=329 or 254+40+294
These are the levels to watch...wondering if I should buy to close my options, and sell when prices reach higher...
Square Analysis 21.10.2021Hello 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.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
SQ BreakoutLooking at a possible breakout above the trendline and continuation heading into earnings. With the first target being $270.
$SQ Trade idea...Square is a great company, off ATH's, retraced during the market 'correction', looking ready for the next leg up or at least some recovery. First target is $270. Enter next week $270's at $1.15-$1.20
$SQ wave theory updateBeen awhile since I got a chart out on SQ, so here it is. I believe that we are still looking for wave 2 bottom, and we are in a flat corrective structure. This means that our wave 2 bottom should be somewhere around where a bottomed. From there I see us having a wave 3 PT of 265+. I will be watching for the dip and looking for bullish divergence and algo buying to determine my entry.
Note: the bearish divergences on rsi and macd (as well as bearish cross).
Other possibilities: 2 has already bottomed and we go moon mode now. Also possible that we are still in the primary 2 correction, if so then we could see 215 area as our low. I don't like either one of these as much, but am mindful of the alternatives.
