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BLOCK INC CEDEAR EACH REPR 1 ADR (USD)

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SQD trade ideas

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.
NYSE:SQLong
by huntersanna33
$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
NYSE:SQLong
by TheBlankFund
The filter for the bullish view is READY on Square inc.Today we will speak about the current situation on SQ (we made a post a few weeks ago. You can check it on related ideas) At the moment, we think the bullish scenario is the most probable one, and we are ready to define the activation levels based on the previous analysis. What were we waiting for? We were looking for a first breakout attempt on the current corrective situation. That happened, and we have a small correction on the edge of the current one. What is the activation Level? Is the green horizontal line where we think that if the price reaches it, that would confirm our bullish view. What about cancelation levels? Here you have different possibilities. If you want to trade this small correction with a risk-reward ratio probably above 6, your invalidation level will be below it. (be open to the idea that trading scenarios like this require some stop losses before catching the actual movement) If you are more conservative, you can define an invalidation level that may be below the inner ascending trendline for the current correction. If you are extremely conservative, you can define your stop loss below the full structure (186.00) That's up to you. What is the same for all the scenarios is the Activation Level. What happens if the price moves in a completely different way? Either you have a stop loss, or you never trade because the price never reached the activation level; it is that simple. That's the reason risk management IS SO IMPORTANT. You must be able to take losses without that moving your emotions everywhere. How long can It take for a movement like this? 150 - 250 days. Thanks for reading, guys!
NYSE:SQ
by ThinkingAntsOk
1
SQ Consolidating Primary trend -Consolidation Secondary trend- Rising wedge (Bearish) Sq is trading near the top of its consolidation area. Friday it close right on wedge support. Situation is similar to roku before it tanked 100pts in 2 weeks.. If your a long term investor this is not a good spot to go long here. If the wedge support holds, this may be a scalp play on calls with 283 as the target. Bearish indicators - RSI ,MFI, OBV all say short. Macd just death crossed on daily. Bullish indicators- It held its wedge support.. Low selling pressure. I wont be playing this long here Short entry - Below 261 fibs support /20ma Target 237 20%trailing stop
NYSE:SQ
by ContraryTrader
RectangleI love Square and think it is a great growth stock. I do not like the resistance it is hitting up there and I do not like the W that has formed. SQ came down for the XA leg of this last W and price is contained in the rectangle. Many look at Ws as a double bottom...ie..ZS. Ws bother me but does not mean a whole lot just cos they bother me. I prefer Ms with a nice bottom..then they usually turn up again a lot of the time. Most of the time we go with the flow but we do have to stop for a second sometimes. I am not in this although I bought at 80ish and made my fair share so not complaining. . Just this one got a bit over my head and started scaring me a bit. Capricorn in me I suppose. This one may turn up tomorrow and hit an all time high. It will suck rox because I will not be in it. Always a bumber when it is a security you love but you are no longer in it )o: Just trying to find sanity! No recommendation
NYSE:SQ
by lauralea
Update on SQ, what's next? Will the next major leg up come??I thinks its pathetic that after hitting ATH not long ago, SQ could close over it. That is why I think this is still pushing forward and trying to hit 300 soon. From the chart, we can clearly see the three circled areas. All are areas where we bounced off that 20 day MA. SQ is still in an uptrend, nothing has changed from that perspective. For the selling that is going on, its normal to have some sellers after increasing in price so much that last few weeks. To further bring some positivity, the days SQ goes red are way below the 3 month avg of SQ. I expect us to be coming to and end as the sell volume has been dwindling from the line I drew. What to expect? 285 has been the struggle. We could very well bounce Monday up to 285, and come back down. Does it try again after that? We will have to see.
NYSE:SQLong
by Jlov
1