SQ BUY OR LONG, TARGET $360SQ has hit the buy point of a " Double Bottom " pattern, with solid
break out volume, $360 target with a stop loss of around 5%.
SQD trade ideas
I forgot to post this SQ SQ SQ =) i feel like itll break out doeBull:
-This is pretty neutral to me because it can bounce from my 38.2% zone
-Hippy CEO was just in an awesome conference call interview with elon and cathy. *youtube it*
- not financial advice touches my blue box im buying
Bear:
- I can see it breaking the 38% zone with this red candle wick from the downside.
-Trend can easily break towards the downside and touch the 62.8% zone which I will expect a jump.
- If not its going to my blue box lower 200s
SQ (SQUARE INC) Inverted Cup & Handle Saw this INVERTED CUP & HANDLE setting up on the 27th-28th. Played out to a T. If this pre ER sell off continues (probably based on PayPal poor ER report) then it could see 238-236 before ER and based on they're report. SQ sitting on a important support currently on watch for more possible downside.
SQBeen trading SQ quite frequently for the last couple of months. Now waiting for the big breakout to ATH+
SQ UpdateI wouldn't play calls on SQ until it breaks above $270 again, which could happen very soon.
Price action is pretty weak overall today, below 262 sq can back-test 258, 253.
Above 270-273 SQ can retest ATH's around $280, still very bullish on this stock in the long run.
SQ has had a big run, need to retrace some before entering SQ has went up for the last few days, looking for a retracement back to the 50% levels before entering, or if the top trend line is broken the bull run is still active. May be an opportunity for a quick profit.
Bullish- Flagging on the yearlyWill be watching SQ closely in the coming weeks. Flagging on its yearly chart and Bollinger Bands are squeezing (not pictured). SQ has earnings on 8/5' so will be looking for a run-up to ER. Just some support/resistance levels to watch- Bullish
Two scenarios explained on Square INCToday we will analyze SQ. This company is the 4th biggest Holding of ARKK and is run by Jack Dorsey (Twitter funder)
So what can we see here?
1) The main structure: We have a horizontal compressive channel that has been in formation since its peak on FEBRUARY 2021. This is useful because we can know if the price has made a clear breakout or not based on the reaction on these levels and daily candlesticks closing above or below. The main idea here is: If the price stays inside these levels, don't assume any breakout yet.
2) Possible Bearish Scenario: If the price reaches the highest level of the structure and reacts there, we can expect a bearish movement towards the other side of the range. (Interesting level for reversal traders)
3) Possible Bullish Scenario: When we want to develop swing setups based on new trends starting, we take some considerations before risking our money. First of all (Clear Breakout), we want to observe a new ATH (no doubt that the price broke the structure). After that, we want to observe a small consolidation, as you can see with the yellow lines. IF that happens, we can trade above that and set stop loss below the level. This provides a great confirmation and a setup with a perfect Risk-Reward Ratio of almost 1:3 to the first target. Expected time towards the final target (150 - 200 days if the scenario goes as expected)
As you can see, we don't care at all about the direction of the market. Taking rigid views with any asset is not a good idea because it doesn't allow you to adapt to changing conditions. That's the reason we work with "Scenarios." Based on this, the only situation we are interested in is the bullish one (Swing Setup); otherwise, we will stay on the sidelines.
Thanks for reading! Feel free to show your view in the comments.
SQ Beautiful BreakoutIf SQ can breakout through resistance at $260 then theres a chance it could run to the next resistance around $270 - $275.
07/23 SQ formed a hammer candle stick on the daily chart , which can often represent a bullish reversal signal.
It didn't quite touch support at 223, and yesterday on 06/20 SQ blew right through resistance at $246, as well as the 50 EMA (green) - which ended up acting as support for a brief moment prior to the breakout.
SQ - 2021-07-16 EODNYSE:SQ
SQ - 2021-07-16 EOD
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Daily chart
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* The descending triangle pattern holds here too
* In order for that to be broken; the upward channel would need to be followed; but will need confirmation
* If it makes a downward move; there's several barrier's to break through; including the 50/100 MAs and the support at 223. In this case if it breaks through all these levels watch it for testing the resistance of the descending triangle
* If it bounces off the green upward channel it may signal a continuation of the upward move
* Since RSI is at 48; it can move up; but the price action shows more selling pressure;
* MACD/ATR show decreased volatility; it's possible it may continue in the descending triangle ... cool down and the a possible breakout?
* Notice that a double top is also formed at the resistance line of $250
Good time to buy?
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* If it continues in the upward channel it could be a good time to buy but if it continues down in the descending triangle; this would be a bad time. Wait for the price to confirm either of the above
* If it continues the upward move; the next major levels of resistance could be at $250 and $257 levels based on previous resistance levels
SQUARE Testing KEY SUPPPORT!Simple trade idea here. If we hold the key support go long! If we break the key support short!
Humans or Robots? Fundamentals or Price patterns?The time cycle between tops and bottoms is amazing..!
the bearish case is more probable than the Bullish case!
Square Ideagreen lines are the trend i expect the stock to follow. white dotted lines are weak support or resistance levels i expect to break or possibly hold me up depending on the the market trend. red lines are levels i take serious to exit or enter a trade.
SQ easy LONG day trading idea $SQ
-Easy gap fill play
-watching the 9-day ema break
-two best ideas to support bullish movement for next week
-we are also trading above the IC cloud so we have clear skies for next week
SQ forming a nice ABCD pattern on the dailyLooking at SQ it appears to be forming a nice ABCD pattern on the daily chart. Watching for a break of $252 up to descending resistance.
Square Inc MA200 and MA 50 death cross coming up. Square Inc MA200 and MA 50 death cross coming up.
Price may go down below 200MA. Downtrend for a while.
SQ might be forming a descending triangleLooks like SQ is forming a descending triangle. Volume decreasing as well.
