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SQ

BTC stagnation might end soonSquare (SQ) just announced they have bought $170 million in Bitcoin within their fourth-quarter and full-year results. They added it was part of their ongoing commitment to the cryptocurrency. This might be a catalyst for growth out of the current stagnation in the market. Ref. investors.squareup.com/news/news-details/2021/Square-Inc.-Announces-Fourth-Quarter-and-Full-Year-2020-Results/default.aspx This information is for education purposes only and you should not execute any trade based on it. Please do your own research.
BITSTAMP:BTCUSDLong
by prhasn
Holding Square $SQ with good gainsLooks like I was right about NYSE:SQ . It rebounded really well from the support area that I highlighted in my previous analysis, and today is making ATH while doing a strong breakout from it's resistence in $245. I could be a really good buy point depending on how it closes today. As the day to report earnings approaches I believe the volatility will increase so be carefull when you buy or sell. I think I'll just wait after the 23th to see what happens. But as I've been following Ark's analysis on NYSE:SQ it should continue to go up so I'll be traking this stock very closly.
NYSE:SQLong
by dpuleo19
Square Inc $SQ is looking good, againThis stock is amazing, is been going for breakout after breakout. I entered NYSE:SQ on November 4th and I thought that I entered very very late, look at it now. I have a very high expectative on this one not only because its price movement, also because is a favorite for Ark Invest. They are holding NYSE:SQ on AMEX:ARKF and AMEX:ARKK with 10% and 4% respectably, these are top performing ETFs. Right now is on a zone with a lot of support: previous high, 50 day MA and upward trend line. But is always risky to buy on the bottom of a pattern, the best buy point is on breakouts. In my case; that I already have a position, with this new entry point I can have a very good Dollar Cost Average. That´s why I´ll be watching NYSE:SQ very closely this week.
NYSE:SQLong
by dpuleo19
1
Square is shifting gears! Low risk 65% gain in < 3 months.Square ( NYSE:SQ ) is a serious growth company and is certainly a long-term investment. I'm bullish on NYSE:SQ long term, but I believe especially today, the stock has presented us with an excellent buying opportunity. As usual, I don't talk fundamentals. I'm only looking at the chart from a technical analysis perspective. Sometimes, after a stock is running inside an ascending parallel channel, there comes a point when it seems to be dropping below the channel, but the reality is it's only changing gears to enter a an even faster ascending parallel channel. It's kind of like the small moment of deceleration a racer has to suffer in order to shift to a higher gear, a phenomenon that coming generations will never know thanks to Tesla's single-speed transmission taking over the world. Anyway, back to NYSE:SQ . Let's look at the chart. I have two parallel channels. The current one, and the new one I expect price to be bound within in the near future. I also have a set of steeper-inclined parallel lines which delineate local bullish movements. I believe this inclination will keep supporting price much longer in the coming bullish moves. I also believe that it will be the slope of a parallel channel later this year, but I'll sit on that idea for now. Based on that, I drew a price path prediction. My target is $355 in 76 days, by 7 April 2021. My stop loss is at $195. Picking the stop loss was rather hard and somewhat arbitrary. I picked it based on historic RSI levels, how long I expect a drop to last in case a drop occurs, and basic support and resistance levels. Most importantly, the last close has hit the very bottom of the parallel channel. My estimation is that this is a golden buying opportunity. My only worry is that even though the parallel channel has held the price four times since September 2020, it has failed one time (30 Oct - 3 Nov) which I marked in the red circle. It wasn't a serious break though. However, we must be prepared for it to happen again. That's why I set the stop loss a little bit lower. However, I am confident it will hold the price, and even if it doesn't, it will make an even better buying opportunity. And even if it breaks lower, Square is a solid investment and is certainly a hold. Conclusion : If you're in it for a trade, then decide the size of your position depending on how much you are willing to lose. If you're willing to lose $100, and our stop loss is at -10%, then open a trade with $1000 and set your stop loss. If you're in this for investment, this is a good opportunity to add to your long-term position. So, buy and hold.
NYSE:SQLong
by TechNerdOmar
39