SQ trade ideas
SQ short mid termone more re-test of incline RSI trendline
This stock has been developing bullish divergence for quite some time
on the mid-term therefore am expecting another re-tracement to touch the supportive RSI incline
I think after then that will be a new low and will create sufficient bullish divergence to send the stock up on its final launch on a good long opportunity
SQ Target $190Price broke out of parallel channel and closed above resistance with a bullish hammer candlestick on weekly timeframe.
Fundamentals seem positive.
Target $190
Weekly Breakout Setting UpLarge weekly timeframe accumulation base has developed in SQ. Watch for the potential breakout of this base.
SQ Break out in Daily chartSQ Formed inverted H & S Pattern expecting to stock reach around 120 if it sustain above 80
SQ - LONGenter price -71.63
stop loss -88.07
take profit -38.49
(weekly)
DETAILS: i noticed the price is inside a tunnel and below the ema 200,
the price got to resistence line and a strong resistence area
the price tried to break these areas 3 times and lines (we can see it clearly at the red line of the swing 10 high )
waiting for confirmation ( big red candle with strong volume)
SQ's rally looks unstable and weakSQ's recent rally shows weakness and not founded on solid reasoning. Current price level appears risky.
SQ had a good rally from Oct to Dec and contracted a fair amount and held. Later on....
SQ had bad earnings
NVDA a very unrelated stock had great earnings pushing SQ up
Recent gap up is clearly irrational
Recent rally is unstable and should expect a contraction in the nearish future
Will SQ ever add BTC to it's balance sheets?I, and most people I know use cash app, right?!
Jack Dorsey, CEO of SQ, has long been a Bitcoin Maxi. Notice how CashApp only deals in BTC, and not those alt-coins that you can just create out of thin air.
Dorsey regularly speaks at BTC conferences and was even seen wearing a Satoshi shirt on two back2back SuperBowls.
Even looking at CashApp as a place to get your direct deposit, have a cash card, and a separate savings account with 4.5%; it makes all the sense to not be bullish on SQ. I mean, my personal bank I've been using for years (TD) offers a savings account rate that starts with a decimal. (0.05%).
The bonus offers like 4% here and 5% back there can all add up at the end of a calendar year.
There's no monthly fee to keep an account with them either.
The price is ranging atm, between $53 and $90 per share. If Dorsey can come out and add BTC to its balance sheets to generate profit AND to fulfill future customer demands, I think SQ can peg itself to the 2024-25 bull run and take off. We shall see.
SQUARE ($SQ) bullishIn the weekly chart of Square, a significant pattern known as the Reverse Head & Shoulders has emerged, signaling a potential bullish reversal in the stock's price trajectory. This pattern typically consists of three troughs, with the middle trough (the head) being lower than the surrounding peaks (the shoulders). In the context of Square's chart, this pattern suggests a shift from a bearish sentiment to a bullish one. Analysts interpret this formation as a sign of accumulation by investors and a possible trend reversal. The projected target for the potential upward movement indicated by this pattern is approximately a 90% gain, with the stock price potentially reaching around $140. If this pattern were to materialize as anticipated, it could signify a significant opportunity for investors to capitalize on the expected upward momentum. However, it's crucial to consider other factors such as market conditions, company fundamentals, and broader economic trends before making any investment decisions. As always, investors should conduct thorough research and consult with financial professionals to make informed choices aligned with their investment goals and risk tolerance.
Block (NYSE: $SQ) Announces Job Cuts Amid Economic UncertaintyBlock Inc., (NYSE: NYSE:SQ ) led by Jack Dorsey, has announced plans to trim its workforce by 112 jobs on March 30th, as part of its efforts to streamline operations and reduce costs amidst economic uncertainty. The fintech giant's decision to downsize has sparked discussions about the broader challenges facing the tech industry and the strategies companies are employing to adapt to changing market dynamics.
The move, disclosed under the Worker Adjustment and Retraining Notification (WARN) Act, underscores Block's commitment to adjusting its operations in response to prevailing economic conditions. With concerns over high-interest rates and market instability looming large, companies across various sectors, including tech giants like Amazon, Alphabet, and Microsoft, have resorted to layoffs as a means of cost-cutting and restructuring.
Block ( NYSE:SQ ), which also owns the music streaming platform TIDAL, initiated job cuts in January as part of its ongoing efforts to streamline its workforce. The company's decision to reduce its headcount comes amidst scrutiny from short-seller Hindenburg, which took a short position on the company last year, alleging discrepancies in user numbers and customer acquisition costs.
Despite facing challenges and skepticism from investors, Block ( NYSE:SQ ) remains focused on its long-term strategic objectives. The California-based payments firm has committed to reducing its workforce from just over 13,000 employees at the end of the third quarter to 12,000 by the end of 2024. Additionally, Block ( NYSE:SQ ) has announced plans to embark on a broader cost-savings program aimed at enhancing operational efficiency and driving sustainable growth.
Block Inc., ( NYSE:SQ ) shares surged after the payments company reported results and first-quarter expectations that exceeded analysts’ estimates.
Block ( NYSE:SQ ) reported full-year adjusted earnings before interest, taxes, depreciation and amortization of $1.79 billion, beating its own guidance of $1.66 billion to $1.68 billion. The company said it expects adjusted Ebitda of $570 million to $590 million for the first quarter, higher than analysts’ estimates of $514.5 million. Fourth-quarter operating expenses rose 20% to $2.16 billion.
SQ 24H 2/22/2024 11:30am
NYSE:SQ
SQ has been consolidating form the $60 to the $70 range since February 2023.
Candle Close above $67.56 looking for targets to the upside.
Target1: $75
Target2: $80.47
Candle Close Below $66 looking for targets to the downside.
Target1: $62
Target2: $60
Target3: $55
SQ BULLGood structure on SQ.
Head and sholders and cup.
Massive movement will give a positive report
Target ;
1.77 USD
2. 90 USD
Block Inc long expected to hit 146$ stop at 64$idea of this stock will start from passing 80$ to 90$ then to 146$ stop by breaking. 64$
SQ 3d Chart, Q1 2024Tracking Block Inc., this has been consolidating in the same range over the last few months and looks to be forming a reversal inverse head and shoulders.
Barring any major market shocks, I can see this jumping to the 75-80 range in the next few weeks - as long as they don't shit the bed with their earnings.
SQ Bullish outlook why? Bull Case for SQ !
Fundamentally its a very strong stock that has fair value at 80+
Tehnically there are multiple bullish cases
1) it is bouncing off a fib golden pocket retracement
2) it is making simple HH and HL as per dow theory
3) if it breaks above 72 level then it will be breakout from a very long bear trend
Entry @ 73
keep in mind it might retest 71 level of decending bear trend line
once it retest the outside of the bearish trend line and move upwards again then its confirmation of movement until 81 at least
TP @ 81
tp2 @ 89
tp3 will keep running
SQ Short Term Trade ideaPrice recently hammers off 9/21 cross, ran over 80% on shares in 2 months last time this happened, Williams %R and MACD look poised for an earnings run up on 2/22. Looking for a retest of 9 ma of daily close over strong volume to get long, eying 2/22 $70 calls that closed at $1.75 on Friday 2/2.
$SQ Inverse Head and Shoulders Forming And Bull FlaggingNYSE:SQ has been on a tear recently but is now starting to pull back with the rest of growth names. It looks like it may be forming an inverse head and shoulders here and it's bull flagging. Target 1 = 80 near the neckline for the IHS. Target 2 = 91 top of uptrend channel from November bottom. Target 3 = 103 top of long term uptrend channel in green. Bull flag and IHS broken under 55.
Descending triangle / Triangulo descendenteThe descending triangle is a chart pattern used in technical analysis. The pattern usually forms at the end of a downtrend but can also occur as a consolidation in an uptrend. A regular descending triangle pattern is commonly considered a bearish chart pattern with an established downtrend.
----------------------------------------------------------------------------------------------------------------------
El triángulo descendente es un patrón gráfico utilizado en el análisis técnico. El patrón generalmente se forma al final de una tendencia bajista, pero también puede ocurrir como consolidación en una tendencia alcista. Un patrón de triángulo descendente regular se considera comúnmente un patrón gráfico bajista con una tendencia bajista establecida.
SHORT SQ!There are clearly some parallels showing that sq will most likely go down. Also to add on to the heat the market is due to see some bearish movement because its been too bullish.
Looking for a short on SQ.
Hello, everyone, as always thank you for reading and looking at my analysis on $NYSE:SQ.
As you can see here on the daily chart, we are currently in a major supply zone. We are over-extended from the 200 MA, we are oversold, and the buying pressure on the MACD is slowing down. Now, all I am looking for is a strong bearish candle with a valid volume day to confirm that we are reversing to the downside. Now, with my style of swing trading, I do not set a stop-loss so make sure you ONLY risk what you are willing to lose. Thank you, again for joining me in my analysis of SQ. I pray you have a wonderful Christmas with your family.
SQ: RSI, MOM, OBV bullish divergence on a monthly chart Block Inc (SQ) is showing signs of a bullish reversal on the monthly chart, as it displays a divergence between the price and three momentum indicators: RSI, MOM and OBV.
The price of SQ has been making lower highs and lower lows, forming a descending channel pattern. However, the RSI, MOM and OBV indicators have been making higher lows, indicating that the selling pressure is weakening and that the buyers are gaining strength.
The RSI measures the momentum of the price movement, and a divergence occurs when the RSI moves in the opposite direction of the price. The RSI has been rising from 32.77 in July 2022 to 46.01 in October 2023, while the price has been falling from $75.23 to $48.68 in the same period. This suggests that the downward momentum is slowing down and that a reversal may be possible.
The MOM measures the rate of change of the price, and a divergence occurs when the MOM moves in the opposite direction of the price. The MOM has been rising from -19.23 in July 2022 to -1.69 in October 2023, while the price has been falling from $75.23 to $48.68 in the same period. This indicates that the rate of decline is decreasing and that a turnaround may be imminent.
The OBV measures the positive and negative flow of volume in a security over time, and a divergence occurs when the OBV moves in the opposite direction of the price. The OBV has been rising from 1.16B in July 2022 to 1.25B in October 2023, while the price has been falling from $75.23 to $48.68 in the same period. This implies that there is more accumulation than distribution of shares and that the demand is increasing.
All these indicators suggest that the stock may have bottomed and that a new uptrend may begin. However, the stock may face some resistance at the 200-week moving average, which is currently around $65. The stock may also experience some volatility and corrections along the way, as the market conditions and investor sentiment may change. Therefore, I would still be cautious and flexible, and use stop-loss orders and risk management techniques to protect my capital and limit my losses in case the stock does not behave as expected.
