Square
SQ - 5.13% Potential Profit - Bullish RectangleClear uptrend Support and Resistance with a Bullish Rectangle formed within.
Short term swing trade that I would close before earnings on 5th August.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $133.45
Suggested Stop Loss $130.94
Target price $140.45
$SQ another shot at ATHThe last time I posted about my entry in $SQ I got stopped out. However, I am planning on entering again because it has shown strength (look at how it has bounced off its 21 EMA at every test).
It is also consolidating into a tight bull flag and looks prime for another run at its ATH. Earnings are on August 5th.
Open Cheque Company / Pursing SquareJust Buy it
He is a very persuasive charismatic reasonable kind sincere and generous person
Born to win
Long term Buy and Hold
Square Long 2:1 upside for wave 3Looks like Square is in the 3rd wave up.
Targeting $180.77 for a Risk:Reward of 1:2.
Look for a retrace to $125.33 for the 4th wave.
Count Invalid if price breaks the wave 1 high at $101.20
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Never Trust. Verify.
D.Y.O.R . Not Financial Advice Just an Observation.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
Watching Square as it rallies to all-time highsSquare really is a great company that's made payments and business software easier for everyone. They've also made Bitcoin, crypto, and other forms of trading mainstream with the Square app. I was once an investor in this company, way back during its IPO in 2016. I held for several years and was eventually out of it. It was a great run, but because of that I always keep my eye on it.
The recent search seems intense. And too strong. How much higher can Square go from here? I don't think it supports the revenue growth trends and while the future is bright, it seems a little disconnected. Let's wait and see...
$SQ Demand at $70$SQ is approaching strong weekly supply around $94. You can see price near this weekly level on the hourly. I expect a move down until we hit demand at $70.
$70 is a good demand (buy) zone because price has yet to fall to this level since price rallied from it on May 7, 2020. Long at $70 with a stop-loss just below $68