SQ (BLOCK)- looking for between 80% and 90% gainSQ strongly and persistently resisting to drop lower in February compare to our stock. In March, it shows a reversal pattern and I am look for estimate 80% gain. Stop loss at $74
SQ
Block (SQ) May do a Quick Run Up.Block (SQ) Long Position Trading Thesis
By.Corey
Buyers Level
Long
77.41
74.71
71.79
69.16
Selling Level
84.00
1.The trading conditions of the Index
Dowjones
+387.40 (1.17%)today
4,045.64
+64.29 (1.61%)today
Nasdaq 11,689.01
+226.02 (1.97%)today
Square Earnings
2.Cash App Gross Profits
Q4 848m up 64%
Square 801m Gross Profits
Q4 up 22%
Bitcoin Rev
Q4 1.83b revenue
down 6%
Square (SQ) Press 3/2/23
TBD, the bitcoin-focused division of Block
SQ, said Thursday it will tap Block's bitcoin
BTCUSD reserves to make the Lightning Network more reliable for all users, according to a release viewed by Seeking Alpha.
Block: Playing Tag 🙃“You’re it!” Block calls, tapping on the magenta-colored zone and taking off. The share seems to be playing tag and has just caught the magenta-colored zone, finishing wave ii in magenta with one impulsive downwards spike. Next, the course should seek shelter above the resistance at $94.87, thus gaining further upwards momentum. However, there is a 32% chance for Block to lose its drive and to drop below the support at $69.16. In that case, the course should develop wave alt.ii in magenta first before heading southwards, abiding above the support at $51.16 along the way.
Bullish Shark $SQ 186$ After a completion of a bullish harmonic shark price bounced up from 886 Fibonacci from XA leg that represents the PRZ "Possible Reversal Zone"
Usually the shark pattern target is the 0.38 Fibonacci from XA leg as you can see on the chart the price target is 186 in addition to a classical Head and Shoulders pattern confirming the move once it hit 92.70
SQ - value buy at $80Technicals :
1. 3 Drives setup
2. Pull back to fib23
3. D and W above 20ma
4. Positional trade
Target : $120 (50% upside)
A bit riskier SQ play, not taking it.The P&L is for the reference of entry, potential upside and cut loss point. The dates on it have no relevance.
$SQ: Good setupInteresting setup in $SQ, not a fan of management but the technical setup is very good here.
Keep an eye out for it breaking into higher highs, short term data suggests it might just go straight up on Monday, but might retrace or pause a bit for a day or two after the 1st couple hours of trading.
Best of luck.
Cheers,
Ivan Labrie.
Block Inc (Long)Block Inc
Long
Entry at 81.66
Take Profit at 92 (12.66% profit from entry)
Stop loss at 73
Covered call on SQRinse and repeat.
10 ema on a monthly should act as some resistance. But this is 20% higher AND its over earnings. We could GET up to this price, but how nice would that be?!??!
SQ Trade Idea with Multi Time Frame Analysis 🔳 $SQ 90c at 0.03 #SwingIdea
5,000%+ Potential 💰
🟦 Entry ⬜ Target
01/27 Contracts | Trailing Stop > 35%
$SQ Short Opportunity$SQ is at resistance levels, RSI is elevated, MACD looks to be rolling over, SQ is quite cyclical and tends to enter a downtrend at current levels on both stock price and RSI.
Covered call on SQ againI am loving this move right now. Chart looks hella pretty. Selling Feb week 1 $81 call for $2.25. Throwing out a limit. It might fill today or later. Tell me why this chart looks so nice??? :-)
Square is going to runIt has broken the long-term downtrend with volume. He tested it and it has bounced on the poc of volume. From here a new uptrend could start if the market accompanies.
Covered call on SQ.80 limit. I do not WANT to get called away at $80, so I will protect it. But I'm DEFINITIELY willing to protect it and or / wait until closer to expiration. But this would be a NICE $13 per share increase from here!
SQ: Watch out for these KEY POINTS!• SQ is doing an important reaction that could sustain a bullish thesis, however, there are some key points we must pay attention;
• First, it must break the red line at $64.26, as this would trigger a bullish pivot point in the daily chart and frustrate the Double Top chart pattern in the 1h chart;
• In this scenario, SQ could seek the $69 again;
• However, if it triggers this Double Top, the next support is at $60.48 again. This is a support from a previous gap, as seen in the daily chart (Nov 10);
• Only if SQ loses the $60.48 it would trigger a mid-term bear trend, and the next supports are $57.09 and $55.10 (another gap);
• Either way, SQ is looking good.
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Square/Block Analysis 25.11.2022Hello Traders,
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SQ weekly despair zone of bubble cycle stop loss $0 HODLSQ weekly despair zone of bubble cycle stop loss $0 HODL entry $63.02
SQ covered callI do not WANT to get called away here. So, I will play defense if I have to.
However, sold $70 call exiring Nov 25 for $1.00 limit.
That's $9 away or about 15%. IF this is a NEW position for you, nice level to play it. 100 sma should act as a small resistance and this is a decent retest gap.
SQ bear hammer monthlySQ shows perfect bearish hammer at monthly. Potentially wave 5 of the downtrend.
Expect bullish hammer September kiss $30 and either chop or begin uptrend from there.
2X $SQ to DROP another -40%!????Square has been killed we will stay with the trend due to market trend and conditions! if price fails to break above $60 or fail to break this current area, we will be heavy in shorts/puts down to the next level which is the $30 area!
Block, Inc.Too high numbers like P/E, P/B, quite low EPS...
But we know the market doesn't look that way. Definitely in this industry.
The price seems to me in a decent discount, if I had anything, I would start to accumulate :)..
$SQ potential head & shoulder patterAsymmetrical H&S pattern on $SQ. Breakdown of the neckline confirmed Potential targets of selloff around $66-$61-$56. Head and shoulder patterns have some of the highest success rates. I will wait for a pullback towards the neckline and potentially short there.
