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Square

Square, SQ - Time for pull back?Lets keep it simple! Square has been doing great, but what goes up must come down. Is that time now? Lets see... Besides SQ selling BTC this year giving it a jump in revenue, we can see it may have topped out at 70 for now. I don't really have any doubt in my mind about it reaching the 236 around that 55 - 57$ mark, bouncing to a possible double top around 64$ as shown with the first buy and sell zone Ive set. I have more concerns of the end of the year outlook. If this plays out, I believe we could see a massive drop to potentially the 618 at that juicy 32$ area. Like most of the charts I've been posting, I think we may be in for a all around drop around new years. This doesn't mean im bearish long term, I believe SQ is going to be great in the future, but I like to buy and sell a bounce. We will need patients for this play. You can see the sell signals stacking up for the second month in a row with godmode, which I dont completely like to go off of, but its there. We also have momentum changing on the DAILY, which ill be watching for a momentum change before making my next update. Theres not much else to say about SQ, considering its up over 600% since a year and a half, a pullback doesn't seem out of the question. Earnings coming up in August will give me a much better idea as to which direction we could be heading. Follow for updates! Happy Trading, debating and speculating!
NYSE:SQShort
by ToddGreen
1
SQ Returning to Top of Channel: 40+% IncreaseBullish crossing on the MACD, bounced off strong RSI support, and upward channel has been holding strong. Moving back up toward top of the channel, completing the 5th Elliot wave as predicted. Square has had exponential growth recently, with a forecasted growth in earnings by over %100 in 2018 and over 700% in 2019. Its payment system has had widespread adoption and is growing very fast, with no signs of slowing down. After the recent dip, this is an excellent buying opportunity.
NYSE:SQLong
by green_brow
1
SQ Upward Channel and Horizontal Support Lines.A conservative upward channel for SQ as charted from its Autumnal breakout. I found it interesting that the parabolic trend that seemed to be forming around November crashes almost in concert with the beginning of the BTC breakout around the same time, far afield from each other in market (NYSE vs. OPENSOURCE) but deeply correlated. Vague ad-hoc speculation but perhaps young-excited money switched their digital finance investments and went with the hype on BTC over SQ. Most importantly for me however, the fall from parabolic did not see a correction beyond the strong upward channel. Note that whenever the channel lines have been violated historically, we see quick corrections. Expect slight lingering at each horizontal line, be wary which way it breaks if the candles do not hover around these lines, market neglect of a particular previous resistance/support may indicate a slight trend adjustment be very concerned if it falls below lowest horizontal. MY PERSONAL NOT TRADING ADVICE strategy here is to ride the channel up selling 10% at every 24hr successive higher-highs that break above the trend (cream the top), until 72hrs of growth, and then reassess. And buying 2.5% more at every 24hr successive lower-low (BUY THE DIP). BUT if 36hrs successive lower lows, I will sell 5%, 10% at 48 hrs, and then reassess, a scaling stop loss of sorts. The rationale here is hopefully obvious, sell a little on crazy upwards moves, you can recover most of it back if long term trend continues with minor violations/corrections of trend. I want to capitalize on these corrections (up or down) as long as I still believe the trend is intact. That is why I "reassess" after 72 straight hours of 4hr greens, perhaps I should stop selling and hold on, maybe the trend has shifted to a higher growth trend. Similarly I reassess after 36 hours of 4hr reds, slightly more conservative, because I am much more concerned about the trend shifting sideways or downwards then I am it going up more. Excuse the rant, this is more for me than you ;)
NYSE:SQLong
by poetichigh
My thoughts on SQRight now we are holding the 50 day sma on daily and previous support at $47.61, which is also the 50% of the most recent measured move. Purple line: what I am looking to see is if we hold here, consolidate then move higher. However, $49.56 is a resistance SQ needs to close above before continue back north of $50. Orange line: we fail the 50% fib and test the 38.2% fib around $45, which is also near the 100 day sma and lower trend line that we bounced off on the last dip. Failure of the 38.2% fib would mean a definite test of the lower trend line. Obviously this all depends on the overall state of the markets. The tech sector has been getting hammered for the past week so let's see if she can hold. I would prefer the orange line or lower trend line to buy longer term calls and/or shares. Cheers!
NYSE:SQLong
by brianweber
5
Warning! ADA goes down to go square up Hi guys! Rule number one: Every coins should go square up. At the moment, Ada follows the rule number one! It has square up at his first support. Now, will it go up or go down has his next resistance to still square up? If ADA goes down, it will go down at 60%! So, WARNING!!!! Be patient and enter at the right time. Add me on telegram to invest at the right time in ADABTC. Free: web.telegram.org PRIVATE ROOM $$: write me privately here or telegram: @JadeDD I love you xxx
by JadeDD
2
Head and Should PatternSquare complete the Head and Shoulder Pattern as of Jan 8th 2018. The pullback seem to be a little more than what is expected normal but ended up lining perfectly in line with the Left should & Right Shoulder top line. Stock fundamentals dont align with this hyperbolic valuation of 90x earnings. Bears are going to take control once again to bring this down to reality. Stock showed weakness today with heavy selling and smart money oscillator indicated weakness. If my estimate it correct stock should trace towards the downside breaking the neckline to the downside. I expect a full downside up to $23-24 in the next 1-2 weeks. Brace for impact.
NYSE:SQShort
by dondraper
3
SQ: With recent sell-off, this is a good entry pointSquare Inc ( NYSE:SQ ) is a great business, with a great future in front of it. It is in the transactions business, plays in the market of Paypal and Visa. Look it up if you don't know about it already, you will be impressed. Recently, Square had is almost too good to be true ATH, cashing in on the cryptocurrency hype, when it announced that it would try to implement the possibility to start buying Bitcoin on its platform . And this is only a testing trial, and the beginning of more things to come. It shows openness. For one, I think that Bitcoin and most precisely cryptocurrency are the future on currency and it will revolutionize the way we do business, makes transactions, buy our goods, etc. Paypal, on the other hand, said that Bitcoin was not for them ( although they seem to like the Blockchain, but it could take time before they make a more ). But since then, the stock has sell off a lot ; and I think it's now a good entry point for a long term holder. People are listening to analysts once again, but we know how much they are wrong about cryptos and the future of transactions in general. The correction has shown to be of about 20%, and now stabilizing, as shown on the chart. This stock could easily rally back to 48$ in the early months of 2018 up until June/July, and will definitely close the year with a good upside return. And if I am wrong on the timeline, holding it for two or three years will definitely pay up and beat markets numbers by a large margin. From this point, on a 3-year horizon, I suspect this stock to be at worse a two-bagger, just because of market share, position, and generally the intelligence of the business. It is a smart business! (Disclaimer: These ideas a short and not as developed as some other out there, because I invite any one to do his due diligence. These are merely tips and thoughts about good entry points for strong stocks. Also, I am new here.)
NYSE:SQLong
by XavierMenard