SQD trade ideas
The great crash of SQ after a quick rebound? We are not in a bull market and today was a quick rebound to a few days of lower prices. Also, the interest rates are at a dangerous level and the stimulus checks are expected to go toward savings and paying up debts, as opposed to "flooding the market". So what does that mean for SQ? The most probable scenario is a short recovery to 237 followed by a medium scale crash down to 171 level by March 21st. Let's see how the market unfolds.
Thanks
AH
How I'd trade itOn the chart I put some comments about key levels and events by #SQ, which Is constantly on my watching-list.
Any kind of comment is appreciated.
Double bottom on SQ potential for 300the double bottom has formed on sq since its major downtrend from ath at $280, have been looking at this for a while lets see if it confirms and goes for an uptrend.
Looking for an hourly trend break.SQ has been walking up this trendline since March 30th and could run into ATH resistance tomorrow(ish). If we get an impulsive break I would expect a retest of 255 or lower.
Megaphone patternSometimes, it doesn't need much technical analysis to figure out the price action expectation, the low was predictable so will be the next top :)
$SQ Square Bullish Price Targets
Big week ahead for SQ as the Coinbase IPO could add some extra fuel to its recent rally.
First major target it to the pervious ATH and dependent on market conditions the possibility of a move to the Fibonacci 1.618 extension at $300 is on the way.
SQ - Double Bottom PatternI am still very bullish on SQ, holding my may calls until my target of $278 is reached, could break through $280 and surpass AH.
$SQ Potential Cup and Handle 4/12Video breakdown on $SQ Had a great week last week but we could see some healthy profit taking going into the first part of next week. Thank you for your support! if you like this video or any of the videos linked below leave a like and follow for more!
SQ Pennant BreakoutSQ Broke out of a pennant. Price target of $283.88 (1.618 fib level) which also happens to be previous resistance.
Inverse Head and ShouldersHead and shoulders top but SQ appears to have formed an inverse head and shoulders bottom. SQ pierced the neckline of the H&S top, but recovered after doing so. Head and shoulders have a high failure rate in a bull market or with a bullish stock.
Long entry is above the neckline, 252.55, with an uptrend. The neckline can become support after price has broken through it. The best support I see right now is at between 243 and 244 at the prior small gap up and the other small gap up between 245 and 246.
Head is at 191.36 Left Shoulder is 217. 40 Right shoulder is 202.10. The right shoulder is lower than the left which is not ideal, so do some research before trading this. SQ can be volatile so if you want to trade this, I would get a good long entry. Price can change a lot from one day to the next
Possible stop below 227 or last pivot low. Not a recommendation
Short interest is a bit over 8% depending on where you look. I look at short interest because shorties know the markets. I do know there are short squeezes that will push a stock up. I also know folks who go short usually know what they are doing, so you have to weight it out.
Negative volume as well as volume has been high.
Earnings 5-6 AMC. Could be risky but I guess everything is a risk (o:
Good trading is not always about predicting the weather tomorrow, but sometimes just knowing it is raining today (o:
SQ trending toward $300+I wouldn't sell SQ just yet. It looks primed for new highs with strong trend momentum.
SQ - Symmetrical Continuation TriangleSquare is on track to break its 52 week high, within the last 30 days a symmetrical continuation ( bullish ) triangle was formed. I think it'll surpass $280 and end up in the $290-$310 range within the next 2-3 weeks. I'm going to continue holding my May 21st 460 calls and swing through next week.
Square Inc Tech AnalysisSquare Inc look very bullish and catching up the market after hard downtrend of March .
Indicators:
Obv
W%r
Average true range
Ema 20/50/100
We have positive deviation in Obv , W%r have more room for buyers to pushing up if we break and average true range ( Atr) of 13.6 .
Our supports level is 200$ on the bottom and ema 100/50/20 for the middle until now they act very good as well .
Our resistance level is 241$ , Weekly resistance top .
ema 20 is still below ema 50 , crossing above will trigger a uptrend and bigger chance to cross 241$ .
Our Two first Target if we se cross above 241$ :
T1 - 260$
T2 - 280$
Support :
S1 - 229$
S2 - 221$
S3 - 200$
Trade range time : Two weeks
* There is no buy / sell recommendation in the aforesaid ,
Square $SQ is back!The price of NYSE:SQ is back above its 50 day MA and going for the breakout. I had this stock before the correction and got a really good profit, I think I can do it again. The thing I like the most is that is clearly a market leader.
I wanted to compare NYSE:SQ with its real peers, so, AMEX:ARKF is the perfect ETF to do it. The quotinet shows I good relative strength for Square.
The stock is rank #1 by IBD in its industry and has an IBD relative strength greater than 90 points. And better so, is #2 top holding of AMEX:ARKK . This are all bullish signs for me.
SQuare Off?Last few weeks, looks like Square (SQ) is developing a descending triangle, which means it could be ready for a dip. Is this a short dip kind of thing, or a bull flag-in-progress? Or is it just moving about with the NASDAQ "wind"? Can't tell, wish I knew. I'm long in SQ but currently underwater, and trying to figure out if I should take the loss and bail or hold and ride out the near-term. I'm generally bullish on SQ based on fundamentals and business, but not sure what horizon that will operate on, and if it's poised for a selloff, might be better to dump and buy back on the rebound... Decisions, decisions...
SqWatching this beast today. Been consolidating on support around 230 like a boss. Looking for a break and confirmation above 235.21. If we can get that we could be heading to 250 target
