Block
BTC downchannel break + important blockBTC breaks the downward channel with power
Observing the same block sizes I used is extremely accurate.
for the next block, there are 2 scenarios. either up or down but more chances are to go up. if the news were ok.
#pure_PriceAction.
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Block Breaking Higher? Block - Short Term - We look to Buy at 128.09 (stop at 115.10)
Preferred trade is to buy on dips. 50 1day EMA is at 124.21. Previous resistance at 130.00 now becomes support. 5 positive daily performances in succession. There is scope for mild selling at the open but losses should be limited.
Our profit targets will be 168.31 and 185.19
Resistance: 150.00 / 170.00 / 200.00
Support: 130.00 / 100.00 / 83.00
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What to expect with SQ stock earnings reportBlock Inc (NYSE: SQ), the point-of-sale payment provider formerly known as Square, is reporting its Q4 2022 earnings this Thursday, February 24.
What to expect with SQ stock earnings report?
The usual market dynamic of ‘good report = stock price rise’ and ‘bad report = stock price fall’ may not be entirely appropriate to expect after the report’s release.
As we have seen over the past month, a favourable earnings report does not necessarily mean that the market will respond favourably in turn. For one, when Nvidia (NASDAQ: NVDA) reported its impressive Q4 2022 results on February 16, its stock proceeded to sell-off. As of writing, NVDA is down 12% since its earnings call as investors were all too happy to overlook its earnings beats and strong guidance for the next quarter.
On the flip side, an unfavourable report can sink SQ stock considerably more than at any time in the past. Investors have little patience for growth tech stocks at the moment, with US Federal Reserve rate hikes just around the corner and post-covid revenue surges seemingly coming to an end.
Will SQ suffer a similar fate to PYPL?
PayPal (NASDAQ: PYPL), a leading competitor of Block, reported its own Q4 2021 earnings report three weeks ago, on the first day in February this year. While PYPL beat earnings expectations, its dismal guidance for Q1 2022 has helped tank the stock price 46% in 2022, YTD.
As of writing, SQ is not far off PYPL’s shocking price retreat. SQ’s stock price has lost 40% of its value, YTD.
An unfavourable report may push this loss into the 50s or even the 60s. Tech stocks dropping more than 20% in a single trading day is not unheard of this year, as you may have seen Meta Platforms (NASDAQ: FB) trim 25% (USD 230 billion) from its market cap on February 3.
Is there a buying opportunity with SQ stock?
According to several investment banks and analysts, including Deutsche Bank, Credit Suisse, SeekingAlpa and MarketBeat, an even greater rout in the SQ’s share price may set investors up for a great long-term buying opportunity. SeekingAlpha and MarketBeat have price targets in the mid USD 200 range, which represent substantial upside potential.
SQ longNot sure why no one is paying attention to SQ. It's got a nice triangle forming and everyone knows I love triangles. Could break up or down, but I'm thinking up. SQ has been on a steady downtrend (down 60% since August highs), and I think it has found a nice bottom. A lot of people are fearful of AAPL's new tap to pay, but I don't see this having a significant affect on SQ in the near future.
SQAnalysis done on 30 minute candles. Block Inc, formally known as Square, is trading near a 52 week low and bulls are still wary of buying the stock. Looking at their financials, the company's revenue and bottom line are moving in the right direction, but their balance sheet needs work, specifically in its asset to debt ratios and free cash flow. Square's growth has been consistent, but new threats from Apple's new payment processing software are making it hard to foresee a robust future for the company. Square may see itself in trouble if they don't pivot or consider a buyout. Looking at the short term potential, the daily candle (not shown) peaked above the 20 day moving average today, making that line the primary support in focus. If SQ's daily candle opens above it tomorrow then use it for support, but if it gaps below it then it will become a strong resistance. Another resistance in the way is the 116.20 mark, which SQ will need to break for a chance to move towards 118.00-119.00.
Technical Analysis Of 10 Mentioned Stocks!Hi,
Long time no see! ;)
Actually, quite a busy time but still, have some old depths again and here they are - the stocks you mentioned in the comment section. Probably you don't even remember them :)
Sadly this series is not popular amongst crypto followers but still got enough data to sort out some stocks which may indicate that technically we get short-term bounces from shown areas.
To be said, it is the only technical side, fundamental analysis is your homework to do. These aren't my picks, these are your mentioned stocks.
Remember - fundamental analysis showing what to buy, technical analysis showing when to buy. So, do your homework and select what to buy ;)
1. Adobe
2. Alibaba
3. NVIDIA
4. Ball Corporation
5. Block
6. JD.com
7. Ford
8. CRISPR Therapeutics
9. Intel
10. PayPal
If you were interested in anything, go and do your homework! ;)
Regards,
Vaido
Square/Block Analysis 05.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Bitcoin most important levelsGo and press Like and follow
Hello friends
Happy weekend for you all
In this chart you can see the most important price blocks for my and for the whales
This is like gravity, if it goes up it should reach the upper block or at least a try to touch it.
That is all folks, have a nice weekend and be the profits be with you.
;D
Square or Block, who cares? We are going higher. Hi everyone,
As a proud bagholder, I present to you the NYSE:SQ chart.
Slaughtered as all growth stocks, the price finally bounced this week for +15% gain for now.
That's nothing compared to meteoric dump of the last few months.
The chart.
Last 2 year POC is at 230 .
All-time POC is at 60 .
Square has been investing into growth for many years now, I think real value of the stock is nowhere near 60. Thus, I doubt we return to that range.
The 100-150 price zone is a wild west, with swift moves and low volume.
We should slice through it on the upside.
Next significant supply zone is 151 .
Further up: 170, 191, 222-230 .
RSI is still oversold on a weekly. I would say it is not too late to buy.
Full disclosure : I am long Square since Jun 2020. I bought more shares yesterday.
As always, trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
Block/Square needs consolidate in the bullish pattern Block needs to consolidate in the bullish pattern in 'a' wave of the 2nd wave.
crab harmonic pattern:
X=$426
AB=0.61 XA
BC=0.38 AB
0.78 BC=$81
0.88 BC=$90
0.78 XA=$183
1.6 BC=$209
0.88 XA=$271
2 BC=$322
2.24 BC=$424
2.6 BC=$654
1.13 XA=$712
1.27 XA=$1248
3.6 BC=$2051
1.41 XA=2153
4.23 BC=$4157
1.6 XA=$4898
Square/Block Analysis 15.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
$SQ BLOCK weekly 0.618 bounce????? $SQ might have found its bottom need to confirm support in this area bears still in full control
looking for support at the 200ma which is also the .618 fib level if we lose 200ma next level of support is way down below $100 where the volume profile shows strong support in the $87 area
I expect $SQ (BLOCK) to start consolidating near the 200ma remember stocks like to SINK into support so could trade slightly below 200ma for a bit but not much lower IMO if sell momentum continues worse case is $87
SQ displaying sign of reversalHaving drop 40% from the peak, I'm seeking a sign of reversal of SQ. Checking the 1H chart, the last 3 local minimums are only 5% different. 1H chart SMA20 already crossed SMA60, and tallying with oversold RSI from 15 Dec to 20 Dec. Price trend up since then.
Buy @ 167
Stop loss @ 158
Profit @ 192
Profit to loss ratio 2.9