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SQ trade ideas

$sq showing relative strength todaySQ looking like it wants to at least put in a 3 wave move to the upside. Right now it is sitting above 30 week MA and AVWAP support. Looks like it put in an ABC correction already, and either is going to launch on wave 3, or is looking to put in a 3 wave move to the upside, before more downside occurs. Either scenario and I think SQ is going to be back in the mid 260's soon NOTE: the extreme bull case is depicted with arrows, that is assuming bottoms in. How to trade this: dips are a buy, with stop loss on a break of the 30ma / avwap support. I would consider taking most $ off the table after a clear 3 waves are seen to the upside (relatively good chance we see just and abc move to the upside here to put in an X, before we flush for a Y)
NYSE:SQLong
by btwice53190
$SQ - my favorite dip buyWow, where do I begin on this one. It is my favorite dip buy out there right now. I posted a chart a few weeks ago with a bear count of square and what do you know, it is materializing for us to get our hands on these shares dirt cheap. Right now we are looking for our wave 2 bottom, somewhere between the mid 240s and the 220 range. 220 appears to be the 161.8, but I highly doubt this goes that low. SQ is about to be sitting on top of a massive volume shelf, and kiss the 30 week MA. Big money has been pouring into the November 260c's and they have been firing those bullets off for the last several days. Look for SQ to be a leader on the next leg up and I think it will be taking a trip into the 300's.
NYSE:SQLong
by btwice53190
3
SQ - Old Growth Acting Promising (9/7/21)The market is currently favoring new growth names as it beats down the '20 growth name but this one is still holding up very well. We are seeing a cup and handle pattern as well as a VCP-sh type pattern in the base which makes me very bullish. There isn't much overhead supply in this name and it has been in somewhat of a consolidation period for all of '21. We are seeing the ATR decreasing and I am theorizing that much of the selling that was going to occur in this stock already happened looking at 8/10 - 8/19. I beat many people / traders have been shaken out of this name after the earning move which could hold well in the shorter term. We are also seeing this name put in higher lows and hold the MA somewhat which means the buyers are stepping in at key points. Another interesting fact to point out is that the recent volume after earnings was the most volume this name has seen since '19.
NYSE:SQLong
by huntersanna33