Buy Above 67 or Sell Below Buy Above 67
TGT 1: 70
TGT 2: 73
SL: $ 63
Sell Below
$ 60.50
TGT 1: 56
SL:63
SQD trade ideas
$SQ #BLOCK #SQUARE @BlockIR @Square going up?Is that a break out? Lets see in the coming days. Follow me for trading ideas!
SQ two way trade Double inside week on SQ. Break of 60.88 to the downside or break of 66.88 to the upside.
JUL 22 69C or 59P could work
Daily wolfe wave for SQThere is a daily wolfe wave setup that triggered on Jun 21 closing day at 60.52. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 94.85 which is expected to reach this price target before July 6. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. However, in this particular setup the underlying price of SQ under performs since the price did not achieve the forecasted target defined by the wolfe wave apex. The setup is valid until the stop loss is triggered. Two days after the apex, a daily ttm squeeze formed which is another bullish setup opportunity into Monday and Tuesday.
SQ Completed 80% Retrace from ATHBlock, formally Square, has came back to earth after its recent orbit to the moon.
After a parabolic uptrend, key levels to watch for are an 80% retrace. Which happens to line up near the fib line.
I'd expect an accumulation phase to take a while.
SQ is a good stock to own during times of high inflation.
Thanks for reading!
t00 eZBest opp. to double your money on underlying.
Confirmed breakout and retest of old resistance for support.
Initial target 77, next target 90. Above 90 and it can get interesting.
Discount under 66.
SQ double bottom breakinverse chart looking for double bottom to break 64.30, potential entries anticipating this break or to continue the break.
$SQ Channel Breakout Test$SQ attempting a breakout of channel, we will have to see over the next few trading sessions if it will hold or break back down into the channel. My guess would be it will break back down if we look back towards the last few attempts, but upside could be quick and violent if it finally comes.
The Trend is Your Friend.
my position is 1 option contract - July 29 $78 strike ($1.44)
Possible pullback into larger bounceHello all,
I'm currently watching SQ as a swing long on a potential pullback into the end of the week to benefit from a potential market bounce that I've been anticipating into the end of July; I think we are repeating patterns across the board that we made in the lead-up to the march fakeout Rally- made a rectangle around where I suspect we are in said lead-up. Not everything will be 1 for 1, of course, but my convictions through July are that we go higher before the market eventually makes the next leg lower. Best of luck all!
SQ DOWNTREND FLAGNYSE:SQ
inverse chart
anticipating higher low, and break of pivots (62.32, 61.03, 59.08)
$SQ D$SQ D, falling wedge setup. If we do get a breakout target around 129/130 for full measured move. If busted then look back and see any possible support below for short target. $PYPL similarly
Square will mirror the short term bounce in BTC up to 20%Square owns a large amount of BTC. The BTC short term relief rally could possibly drive Square up by 20% as well.
In addition we have a cup and handle pattern in the making in 1h chart.
Also, a positive divergence on RSI as well
SL : confirmed close below 58$ nullifies this thesis
Target 1 : 68.40$
Target 2 : 71.80$
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Square (Block) Accumulation TimeThis is retesting lows of March 2020. The bear market wiped out the last Bull market rallys gains on almost all stocks. Check the earnings reports on the growth stocks beaten down, it I'd ridiculous because they are legit and in a normal market environment would never have lead to a major sell off or any sell off for that matter. It's as if the any little excuse was found and used to dump the Stocks during this time of inflation pressure. For those who are here for the long term it would behoove you to acquire shares at these super discounted levels.
SQ LongLooking for buy at a reversal point
Please keep in mind that no one guarantees the analysis will be 100% as expected.
It all comes back to your own analysis, money management and risk management.
Thank you.
SQ ShortDowntrend consolidation
Next Earning 8/3/2022 Estimate 0.17
Short 82
Stop 90
Target 55 (weekly support line)
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Buy Put Butterfly Nov P45/60/75
Limit 1.9
no Stop in option
$SQ Wave and Supply/Demand Analysis$SQ Tech idea :
Summary : $SQ to me is in the "Wave 5" of a downward "Bearish Impulse" and now we are in a
"Weekly demand (White Zone)" after just breaking from our 1st now filled "Weekly demand (Green)".
But to me the reason $SQ is slicing through is because (Bears) have the
overall edge "Supply wise and Trend wise" as we have
"3 week supply" which is a HTF (3 Week Supply > Weekly Demand) and
greater than our "Weekly Demand" which
is driving the market down.
So to get to it unless this "Fomc" brings us back up i can see $SQ possibly going for
"Sell Side Liquidity (Green Trend Line)" at this rate if "Fomc" and other events this week
fail to pickup the market .
All set for a bounce?We can have a bounce here for a month or so. Its sitting on a weekly support. Good swing trading set up.
Block - Look at my embarrassment! Blocked ShotsWow, I am proud to say that I'm a believer in Block block heading me into a hole right now. 🕳️ I use Cash App and that cute little wallet on my android, which by the way, is very helpful when you need to deposit cash that you aquire and need to deposit without your bank. For example, I deposited 240$ into my Cash app wallet at the Dollar General. They scan a cute bar code thing and do some register button pushing and boom, deposited cash. Hopefully your clerk is as hipster as mine was.
Anyway, I definitely bought this stock way up there in the 200$ area. So, I'm definitely sharpening a knife, more like a Katana, while this keeps falling. Oh gee, I wonder if the Bitcoin thing is working out for Block right now. I heard, you can buy a burger king Sammy and get points to buy some cute vans or something. But, I'm mostly trading pennies with the cash app wallet, and watching trends. It's neat to be able to open a wallet and just peep some news and stock trends like Block's giant gash in my ego.
There are only three choices for this strategy and holding long is probably the better one.
Block (SQ) 24% potentialWe hit the 3 std dev of the Bol Band. Last time this happened price was very over sold and climbed back above the 20 day moving average. Strong support shown at 59$. Time frame 9 trading days
Another bullish Divergence on Block A possible repeat of history? Third major bullish divergence backed by RSI.
Breakout of the bowl is essential for movements higher or we'll be continuing to test it down to 35.
SQ - Block it out until JulyShort-term bullish for SQ Block from here. A 100% move into July is looking increasingly likely @ $170. This would be a re-test of the MA for resistance. It also coincides perfectly with a 0.382 fib retracement from the downtrend.
RSI is very oversold and making a higher low. There's now divergence vs the price - which is making a higher low.
We're also at the bottom of the purple exponential channel, having found support there. Same for horizontal support created first in 2018.
Stop loss down at 74, which is where we'd signal a new lower low (12%). Risk/reward is 33:1.
Entry will be confirmed on breakout of the dotted trend line - which many others have already made today.
Fundamentally, SQ is a strong business and profits were up 34% for the year. Price to earnings is still very high, but for a short-term trade - this seems like a great countertrend move to profit from until 2 months time.
