SQ trade ideas
Head- Shoulder - Knees - & Toes - to $180?I'll be watching SQ closely on Monday pre-market and opening.
Long-term, I think Square is a great hold, but there could be a nice dip entry coming our way with the head and shoulders pattern becoming obvious.
There is news emerging that Square's cash app has been prone to hackers. There have only been 6 reported incidents according to Yahoo Finance, but if this gets a bit bigger and the stock dips this coming week, we will form a Head-and-Shoulder pattern.
As I said, long-term I am very bullish. With NFT's being linked to creative pieces of work, Square's acquisition of Tidal (HOVA!) is gradually starting to make sense. This is clearly a vision Jack Dorsey has -- just seeing that he is selling his first-ever tweet through NFTs. This is great long-term thesis, in my opinion of the company continuing to grow over the next 5-10 years. But, I am personally waiting for a re-entry at a better price. I expect it to come our way soon.
Good luck!
$SQ Swing Idea- Target $260$SQ is in a heavy volume zone and is ready to build back up. They have already faced a correction wave and should see solid growth this week. Target $260, stop loss at $216. Good Luck!
Square Inc. a watchlist suggestion.Hello everyone this stock is on the move it has only been actively moving for about a year. This is just watchlist suggestion, not telling you to buy sell. I want to give a shoutout to @Malongs who gave me this idea. Go like his stuff and follow him. audios.
Extremely bullish on SQ with rising BTCSQ is now lagging behind BTC with massive sell off after ER and the small correction we've been going thru these last couple weeks.
First set of stimmy checks are already out and both BTC and SPY are rising, I think we could see a decent amount of volume come back into SQ now that BTCUSD is retesting the 60k area and the stock market buying volume has turned green overall.
Shown are possible Support and Resistance areas as well as a short term elliotwave
Extremely bullish on SQ with rising BTC SQ is now lagging behind BTC with massive sell off after ER and the small correction we've been going thru these last couple weeks.
First set of stimmy checks are already out and both BTC and SPY are rising, I think we could see a decent amount of volume come back into SQ now that BTCUSD is retesting the 60k area and the stock market buying volume has turned green overall.
Shown are possible Support and Resistance areas as well as a short term elliotwave
SQ - Bullish Above...TLDR versionBullish above 243.50 area... PT green zone
Bearish below 232.75 area. PT red zone
*price areas are approximations. I've seen discrepancies from trading platforms so list "areas" instead.
SQ Daily Nice bounce back from the lows. If this breaks above 244.03, this will most likely fill the gap above at 266. Nice sympathy play for $BTC as well.
$SQ Forecast For This WeekSquare will almost certainly be green this week. They are a strong company with room to grow and with a lovely bounce off support last week, they are likely to continue recovering from the recent dip. I say they will most likely push up to around $258 this week, but it's possible they will reach $266. Comment your thoughts :)
trendlines dont lie! :Dnice bounce off bottom trendline support here, look for a test of 260-270 in the near future before a pullback back to 240 area! great longterm investment !
$SQ 300$ Short term price target$SQ is the bull of all bulls. This innovative fintech company regained the prime trendline that held since the march bottom. With the economy reopening and small businesses reopening this stock is poised to surge. This is a great long term hold and a key part of my portfolio. Looking to hit new ATH within a short time frame.
$SQ Square In the penalty Box.
Sq stuggles to get buyer support , although today it did manage to close in the green.
New entries need to await a break of the downtrend or a test of the Fibonacci support @ $200
SQ Stock 10/03/21 Analysis 4H ChartNYSE:SQ (SQUARE: SQ )
- Trend Analysis -
📑Value: 0/20
📈Growth: 20/20
💰Profitability: 10/20
🚀Momentum: 20/20
💸Earnings: 16/20
🖇️Total Score: 64/100
SQ false breakout! wait for the double bottomIf you are familiar with how to use symmetry using the fibonacci retracement tool you can see that the break out today is exacctly the same size as the decent from the double top. We are near the bottom but not quite, just a couple of days for a good entry possibly tomorrow or the next day
Interesting chart!Square has been forming a bull horn pattern, some call it bullish megaphone. Now is a very good entry point! Good luck trading!
I am not a financial advisor, and this post is informational only. Trade at your own risk.
End of Wave 5 consolidation. Could it bounce off Fib 0.62?Wave 5 retraced to Fib 0.62 $201 key support level. Previous low at $191. Strong support zone $191-$201. 3rd time it touched this zone.
$191-$201 could be a sweet spot to enter for long. Watch for MACD crossover and some nice bullish pattern before entering.
Profit target $240.
$SQ with a neutral outlook following its earnings #Stocks The PEAD projected a neutral outlook for $SQ following a negative under reaction after its earnings release placing the stock in drift D
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SQ Options Play1x 4 week call options with 255 strike price
1x weekly put options with a 175 strike price (Hedge)
Using MACD and RSI for guidance. 1hr timeframe long term and 15 min timeframe short term. Good luck!
Charts don't look good on these high flyersAgain, great disruptive companies but the charts are looking weak and escalators up is resulting in elevators down for some of these names. Again, the support levels where real buying may come in are wayyyy down below...
