SQstrong rejection of the level from a decent green candel . a pullback that might result in a second rejection and start of a new uptrend
SQD trade ideas
SQ Forming Resistance SQ forming resistance around $125 and it does not break we can see a downtrend.
SQ: Could this be the beginning of a reversal?Hello traders and investors! Let’s see how SQ is doing today!
First, in the 1h chart, we see early signs of a bullish reversal going on. After earnings, it did a strong breakaway Gap, and it seems nothing can hold SQ anymore.
However, pullbacks are expected, and the 21 ema is our first support level, which is holding SQ nicely so far. What if we lose the 21 ema? Then the retracements are going to work as supports. The 38.2% ($ 113) is the most interesting to me, and I’ll explain why in a few moments.
Since SQ has too many support levels, it won’t be easy for the sellers, and we would need to see a clear bearish structure in order for it to hit the $ 80s again. So far, SQ seems fine.
In the daily chart, for the first time since November 2021 it is trading above the 21 ema, a very good sign, but we don’t see a clear bullish structure here. It would be great to see higher highs/lows, therefore, a pullback might create the opportunity for SQ to build a true reversal structure in the daily chart.
To me, the moment for a correction is ideal: We just hit the previous resistance at $ 130 area (red line), and since we are above the 21 ema in the daily chart, this indicator is now a support level for us. Coincidence or not, the 21 ema is at $ 113, the same price level of the 38.2% retracement in the 1h chart. This tells me the $ 113 is an interesting key point to watch from here.
What reinforces a bullish thesis is the volume. Yesterday it dropped with decreasing volume, meaning that there is no true sell pressure on it. Remember the Dow Theory 5th tenet: The volume must confirm the trend.
To me, SQ is about to do a reversal, but we must be careful, and always wait for confirmation, as we lack bullish structure in the daily chart. I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses!
SQStrong bounces the past few days but into resistance zone now. Hard to be bullish below $133 imo. Watching.
SQ - Back to pre-covid levelscatching a falling sword only brings hurt...no reason whatsoever to bottom fish at this level...if 100 is taken out, next level is way down.
If you are a believer (aka LT investor) you might want to dip your toes a little. There is a good support at 100 and structurally, company is not worse than what it was pre-covid.
$SQ Bottom & Breakout?$SQ has had a powerful move after earnings and seems as it has broken out.
Just my own thoughts.
SQ ,Buy the dip & enjoy Chart is illustrating every thing.four strong supports line clusterd near the price(0.786 fibonacci level+ weekly time frame static support line(demand area)+dynamic support line(the green one) and bottom of desend channel).on the other hand RSI is in oversold area in weaky time frame.
SQ Earnings IncomingSQ has been in an extremely strong downtrend. It is down nearly 70% from its highs and it has ridden the 10 ema/20 sma down to current levels. It started to form some semblance of support, possibly a falling wedge pattern. With earnings coming up, a large move is expected. I look to the chart for support and resistance levels. On the downside, the continuation target looks to be about $80-85. Below there, im interested in the low 60s. If we get an earnings surprise, I think a strong short squeeze could ensue and take SQ to 130 which is the next obvious resistance level. It also happens to be where the 50ma is currently sitting.
Ideally, I would like to be able to short the 20ma with a decent hedge on an earnings pop. It seems unlikely that I will get my wish before earnings so I will set up trades for post earnings. Stay tuned.
What to expect with SQ stock earnings reportBlock Inc (NYSE: SQ), the point-of-sale payment provider formerly known as Square, is reporting its Q4 2022 earnings this Thursday, February 24.
What to expect with SQ stock earnings report?
The usual market dynamic of ‘good report = stock price rise’ and ‘bad report = stock price fall’ may not be entirely appropriate to expect after the report’s release.
As we have seen over the past month, a favourable earnings report does not necessarily mean that the market will respond favourably in turn. For one, when Nvidia (NASDAQ: NVDA) reported its impressive Q4 2022 results on February 16, its stock proceeded to sell-off. As of writing, NVDA is down 12% since its earnings call as investors were all too happy to overlook its earnings beats and strong guidance for the next quarter.
On the flip side, an unfavourable report can sink SQ stock considerably more than at any time in the past. Investors have little patience for growth tech stocks at the moment, with US Federal Reserve rate hikes just around the corner and post-covid revenue surges seemingly coming to an end.
Will SQ suffer a similar fate to PYPL?
PayPal (NASDAQ: PYPL), a leading competitor of Block, reported its own Q4 2021 earnings report three weeks ago, on the first day in February this year. While PYPL beat earnings expectations, its dismal guidance for Q1 2022 has helped tank the stock price 46% in 2022, YTD.
As of writing, SQ is not far off PYPL’s shocking price retreat. SQ’s stock price has lost 40% of its value, YTD.
An unfavourable report may push this loss into the 50s or even the 60s. Tech stocks dropping more than 20% in a single trading day is not unheard of this year, as you may have seen Meta Platforms (NASDAQ: FB) trim 25% (USD 230 billion) from its market cap on February 3.
Is there a buying opportunity with SQ stock?
According to several investment banks and analysts, including Deutsche Bank, Credit Suisse, SeekingAlpa and MarketBeat, an even greater rout in the SQ’s share price may set investors up for a great long-term buying opportunity. SeekingAlpha and MarketBeat have price targets in the mid USD 200 range, which represent substantial upside potential.
Buy Block (SQ) at 92$-95$ to target 115$Buy Block at market (probably 92$-95$ range) than w8 some days to sell at 115$.
SQ coming into buy zoneSQ is undervalued and oversold. As long as the Nasdaq is weak it is likely to continue to drop. I might look to layer into a position between the macro .786 and the point of control of the lower range. Good investment for a five year hold.
Due for a bounce?We may see mid 80s before it bounces back. Watch out for earnings. March could be a bullish month. Dont miss it. Strong buy from 80-100 range for a good upcoming bounce!!!
sq update longsq update . having found support at this level. break of 110 critical for continuation to 128
Deep Value Plays - LONGSAll the the stocks listed here are long term holds.
NYSE:SQ
NASDAQ:FB
NYSE:SNAP
NYSE:RBLX
NASDAQ:COIN
NASDAQ:HOOD
NYSE:NET
NYSE:PLTR
NYSE:C
NASDAQ:PYPL
NASDAQ:MARA
NYSE:BILL
NASDAQ:NVDA
NASDAQ:ROKU
NASDAQ:AFRM
NASDAQ:Z
AMEX:EWZ
🗽🐂
SQ longNot sure why no one is paying attention to SQ. It's got a nice triangle forming and everyone knows I love triangles. Could break up or down, but I'm thinking up. SQ has been on a steady downtrend (down 60% since August highs), and I think it has found a nice bottom. A lot of people are fearful of AAPL's new tap to pay, but I don't see this having a significant affect on SQ in the near future.
SQAnalysis done on 30 minute candles. Block Inc, formally known as Square, is trading near a 52 week low and bulls are still wary of buying the stock. Looking at their financials, the company's revenue and bottom line are moving in the right direction, but their balance sheet needs work, specifically in its asset to debt ratios and free cash flow. Square's growth has been consistent, but new threats from Apple's new payment processing software are making it hard to foresee a robust future for the company. Square may see itself in trouble if they don't pivot or consider a buyout. Looking at the short term potential, the daily candle (not shown) peaked above the 20 day moving average today, making that line the primary support in focus. If SQ's daily candle opens above it tomorrow then use it for support, but if it gaps below it then it will become a strong resistance. Another resistance in the way is the 116.20 mark, which SQ will need to break for a chance to move towards 118.00-119.00.
Sq Broke out of a symetrical trinagle. W breakout and downtrend resiatnce breakout. Key resiatnce is 115.36. We can clear it but can’t control it as support. I did go long 113.30 at resiatnce break but not out of the woods until we flag on 115.40s and hold
SQ BO downtrend with a diamond reversal, completing M-GartleySQ dropped 65% from 289 top. Finally it broke out of downtrend line, making a diamond reversal to
complete a M-Gartley pattern.
However we still need to see a follow-thru.
Some consolidation may follow until it goes into the cloud & breaks above it.
Not trading advice.
Counting DownNot sure but does look like a bit arc-ish on weekly time frame.
Most ARCs fall between the 62 and 79% mark. Only problem is you can not usually nail it pre-landing.
I have noted ARCs will often take a breather at the 50% mark and some form a double bottom at the 1 fib level and proceed upward. Some fall to the 0 and can proceed even deeper than the original get go point.
I love this stock but sold it what seems as eons ago. But I will buy it back when the "price is right" I held this for 3 years or more, I think which is a long time for me.
Maybe "people stay just a little bit longer" than we should sometimes (o: Bad thing about getting attached. We can not do that if we are trading verses investing, and there is a difference.
This is between the 79% (.786) and the 62 (.618) levels so my eyes are peeled and this is the average range for an arc to fall. But Parabolic Arcs are volatile for some time to come after hitting their landing pad.
Looks Arcish to me but we see things differently and I did not measure.
No recommendation
79% is 85.33 and 62% is 125.71. You be the judge but these levels are only the "average" fall of a parabolic arc.
RSI and CFI re mind me there is a a lot of supply down here )o: we gotta wait on folks to sell...close to the last one, so buyers are the only folks left.
Weekly Time Frame/Heiken Ashi candles
SQ bottomed? Must hold Golden fib of Genesis Sequence at $110Shown here is a 4 hour chart of Square's Genesis Sequence.
This fib series has caught every major turn including the TOP.
It has since tumbled down the staircase with Pings at each fib.
Bounce off blue fib at 101 then break of Golden fib is a GREAT sign.
Bulls must hold $110.12 at all costs, to have hopes of recovery soon.
If this is NOT the bottom, then this asset is in some SERIOUS trouble.
.
Here is a full view of its Genesis Sequence for reference
.
I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions <= Current Example
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
.
SQ Looking for Buy opportunities on this. SQ is forming a triple bottom on the level on the daily , having reacted to previous resistance turn support.
would look for buy trades on this. starter position alrdy in .
SQ Interesting zone Looking at the 50´s for a buy
If the currently support holds, I´m expecting a little bounce to the 140´s
