#SQ $SQ Textbook shooting star forming
Looks like a shooting star forming on daily candles, after what appears to be an ending 12345 diagonal. Seems like a fair time to be buying SQ puts. I grabbed Jan 15th 210s, if they profit tomorrow, I would probably close out, if the stock goes up, but does not break the top of the shooting star candle, I would add a little bit. Stop at the top of the shooting star. This is not financial advice, merely a punter's opinion.
Note
FYI, the target on there is not the target for the shooting star, that would be closer to $218 for a target on the shooting star play, although I believe the stock could potentially go lower, the target on there was from an old trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.