Bullish RSI and MACD DivergenceRSI and MACD shows a upward trend while the price shows downward trend. May indicate a trend reversal.
Disclaimer: This is not a financial advise. You are responsible for the financial decisions you make.
SQD trade ideas
$SQ - my favorite dip buyWow, where do I begin on this one. It is my favorite dip buy out there right now.
I posted a chart a few weeks ago with a bear count of square and what do you know, it is materializing for us to get our hands on these shares dirt cheap. Right now we are looking for our wave 2 bottom, somewhere between the mid 240s and the 220 range. 220 appears to be the 161.8, but I highly doubt this goes that low.
SQ is about to be sitting on top of a massive volume shelf, and kiss the 30 week MA. Big money has been pouring into the November 260c's and they have been firing those bullets off for the last several days. Look for SQ to be a leader on the next leg up and I think it will be taking a trip into the 300's.
SQ Get's consistently rejectedNYSE:SQ
It formed Head & Shoulders on small trend line , it looks bearish at the moment.
The only thing bullish are the MA 's
SQ Decision TimeThis looks like a Head and Shoulders that’s ready to break to the downside. From a technical perspective there’s a perfect wick off the Golden Pocket’s 0.65 retracements level and has made lower lows on the daily timeframe. Would need confirmation before jumping into any short position, but a go signal would be a break, hold, and close below the (yellow) trendline, which has been defended three times dating back to June.
Square is in correctionSquare has completed 3 waves for wave A and 3 waves for wave B and is now beginning its correction as wave C. The whole correction could either be a WXY or an ABC for a flat correction. Regardless, Square is expected to retrace sub 200 to at least the 195 level and if it is still bearish, will correct to the 153 level afterwards.
SQ buy planNYSE:SQ
I am looking for a Head-Shoulder pattern to be formed with a break out to the Demand zone before moving up.
$SQ might get corrected on $PYPL newsSQ looks weak here, it would be good to book some profit and buy back again below $245
$SQ - look for Calls above 270 or puts below 263$SQ - Pennant formation, look for Calls above 270 or puts below 263
SQ - Old Growth Acting Promising (9/7/21)The market is currently favoring new growth names as it beats down the '20 growth name but this one is still holding up very well. We are seeing a cup and handle pattern as well as a VCP-sh type pattern in the base which makes me very bullish. There isn't much overhead supply in this name and it has been in somewhat of a consolidation period for all of '21. We are seeing the ATR decreasing and I am theorizing that much of the selling that was going to occur in this stock already happened looking at 8/10 - 8/19. I beat many people / traders have been shaken out of this name after the earning move which could hold well in the shorter term. We are also seeing this name put in higher lows and hold the MA somewhat which means the buyers are stepping in at key points. Another interesting fact to point out is that the recent volume after earnings was the most volume this name has seen since '19.
$SQ Nice Little PivotNice little $SQ pivot to manage risk against. Its been consolidating pretty much most of 2021 & looks to be putting its final pause before the breakout.
SQ SQ SQBroke out of it's trend line. Has been consolidating for a week. I believe it hit today's and can see it fly! We will see!
SQ Potential Bear ScenarioThis is a potential bear scenario heading into Sell September. If this occurs the wave 2 at 100% extension will be a screaming buy as next leg up send SQ to the moon
$SQ - Breakout & Retested trend line, expecting good run$SQ - Breakout & Retested trend line, expecting good run
Let's get into some stock trades #1 - SquareHas been consolidating for quite some time after a big move up. Clearly it's trend is still up with tons of upside left. Square is a pretty revolutionary company and it is definitely feeding of the banking sector. Not much to say about it other than the chart is looking great. Might take a little time to take off because of the way the chart is structured, but I doubt this huge consolidation is distribution and not re-accumulation
SQ Nice setupIt seems that we are forming a descending channel,
We broke out of a larger time frame descending channel and now it seems it is setting up for another leg to the upside after the restest
I want to see how it is going to act at 270.50 level, with 274.20 target
SQ | Trade IdeaSQ is still a great company long term. There is no doubt about long term prospects of SQ
Long > 275.06
Short < 260.8
SQ Elliot Wave CountSQ Elliot Wave Count
EW idea for SQ Waves 2 (Long and short positions). Very similar price action to AMZN with the false breakout followed by a pullback
SQgreat here! RSI curling up, peaked out of falling wedge friday, price didn't fall through volume gap. I'm going long above 267. G luck!
$SQ EASY MONEY BREAKOUT TRADE!-This right here is what we call a clear breakout trade
-Looking to take an entry as soon as it breaks out easy option play
-Also when we open up to the daily chart we see a bounce from the 26-day ema
$SQSQ reported second-quarter 2021 adjusted earnings of 66 cents per share, beating estimate by 106.3%.
Further, the figure rose 266.7% year over year and 60.9% sequentially.
Net revenues of $4.68 billion improved 143% from the prior-year quarter.
However, the figure declined 7.4% from the previous quarter and missed estimate of $5.02 billion.
Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $3.33 billion to net revenues in the reported quarter, up 177% year over year.
Solid momentum across bitcoin was the key catalyst. Without bitcoin revenues, net revenues would amount to $1.96 billion, up 87% year over year.
Strong growth in transaction, subscription and hardware revenues contributed well to the results.
But there’s no question about it, SQ has incredible fundamentals.
From the technical side of things SQ is still very bullish. It’s currently sitting in a nice channel on the daily and if price holds we could see a new ATH on the cards.
Price above, 50, 100 and 200 MA
MACD sitting above 50.
Keep this on your watchlist.
- Factor Four
