SQ ready to rip. 2 Inside candles.SQ likes to consolidate for 2 days (inside candles) and the make a big move to the upside. Looking for $282+ tomorrow.
SQ trade ideas
Breaking into ATH once again? SQLooking if it repeats the similar pattern SQ previously just pulled. Rally base with a triangle breakout. Buyers Support at $273/$274 where we can see double bottom. If crypto surge, SQ might move along. Long term, looking SQ to reach $290/$300.Needs a good volume.
SQ has room to run but, is running inside a rising wedge.Lots of room to keep going for SQ as of right now. But, the rising wedge is a bearish pattern and we might see 290 as the end of the bull run for SQ. Play both sides, bull and bear. Good Luck
PUTS on SQAfter hovering around its monthly resistance, SQ has recently showed signs of bearishness. The VPCI shows that its recent uptrend isn't supported by the necessary amount of volume to keep the trend continuing. Followed by the indications on the 4hour of reduced buying momentum and narrow emas. A great way to play this out is to wait for reduced buying momentum on the daily time frame because although the VPCI dictates bearishness, some trends can still continue with low volume, but for only so long. There is great support around 254 so that may be a potential target for puts but it is best to only exit when we are given signs to do so; letting our plays play out.
Bearish Signals
-VPCI(low volume)
-Narrow EMA + Oversold
-reduced buying momentum on 4h
Potential Price Target
-254
SQUARE - Challenging Triple Top NecklineSQ
Rst: 277.15
Spp: 262.80
Still facing stern resistance at its triple top neckline, slight deterioration on Friday but can monitor further first to confirm if the stock is able to make the break through. Stay around 277 area is critical for the survival.
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SQ wavecountPotential short after a completed wave 1 tapping the 1,272 and exiting the correcting channel. Could come back down to the .5-618 area where vpvr also shows volume accumulation.
SQWeekly chart of SQ; shares are currently above the previous weekly close. Momentum indicators are strong. Weekly RSI is above 61.8 which provided strong resistance in the past. Shares could see additional gain ahead if it can stay above this RSI level.
SQ Cup with handle vs PYPL, both like in F1 raceToday both stocks open with almost the same price.
It was like Formula 1 race competing to reach a price target.
But what is more important than that. is to analyze fundamentals, as the technicals shall complete in consequence.
I mean, after SQ adquisition of Afterpay, SQ has improved its ecosystem performing better that PYPL, but loosing little bit in balance forecast.
Then from a value investors point of view, Pypal shall performe bettter and is down enough to get it, and for growth investors SQ's innovation will improve its balance.
So wich is better buy then?, seems as per technical chart and innovation forcast that SQ might beat with cash growth short middle term.
But the classic Pypl knows how to get the things done in terms of cashflow, organization and management.
Today SQ has the strawberry of the cake if cup with handle's pattern completes, and after that I should follow Pypl's innovation and SQ's balance as if both seem to be the face of a same coin.
Hope you would like this and invest at your own risk.
SQ breakout bear playSQ had a massive break forward after an early ER realease and afterpay deal. Unfortunately, no new ATH. Bounced off the rising resistance and now I am looking at a fall to grace on the 20 day MA. After that, would watch if it holds the 20; if not, play it to the 50 day MA.
SQ Levels Intraday/Acute SwingSQ Levels Intraday/Acute Swing. Ive kept same levels from initial map from a couple months ago. Only new level here that was added is 271.30 for intraday levels. Fun price action when you see it.
SQ consolidation (Bull Flag), above 247 could go to 270-280. Getting a lot of hints in the news about Square's future. Could drive the price back to 270-280 area in 2-3 weeks.
Also, seeing a bull flag pattern on the daily chart.
Target - 270-280
Entry level - >247
Stop-loss level - 233.80
Position - 5% of the portfolio
SQSQ had a beautiful breakout today post-earnings and almost hit $281, reaching a day high of $280.88 - then shortly after dropped 10 points prior to close.
If you missed an entry in the 260's I wouldn't play calls on SQ right now until it breaks through ATH of 283. I am going to watch how it holds from this range and see if it can retest/break through 283 soon. From 283 SQ can continue moving upward and test 290, 300 next.
Don't get your hopes up ahead of earnings with today's front run(Opinion only)
Likely to reject here..
Cup and HandleEarnings this am.
Possible stop under HL (handle low) or MC (mid cup)
No recommendation. Not quite to long entry level which would help clear prior resistance.
Price popped through top band today with the moving average on 80. Possible pull back.
SQ BUY OR LONG, TARGET $360SQ has hit the buy point of a " Double Bottom " pattern, with solid
break out volume, $360 target with a stop loss of around 5%.
I forgot to post this SQ SQ SQ =) i feel like itll break out doeBull:
-This is pretty neutral to me because it can bounce from my 38.2% zone
-Hippy CEO was just in an awesome conference call interview with elon and cathy. *youtube it*
- not financial advice touches my blue box im buying
Bear:
- I can see it breaking the 38% zone with this red candle wick from the downside.
-Trend can easily break towards the downside and touch the 62.8% zone which I will expect a jump.
- If not its going to my blue box lower 200s
SQ (SQUARE INC) Inverted Cup & Handle Saw this INVERTED CUP & HANDLE setting up on the 27th-28th. Played out to a T. If this pre ER sell off continues (probably based on PayPal poor ER report) then it could see 238-236 before ER and based on they're report. SQ sitting on a important support currently on watch for more possible downside.
SQBeen trading SQ quite frequently for the last couple of months. Now waiting for the big breakout to ATH+
