SQD trade ideas
SQ updateOne of my favourite companies to date, I love both the chart and the fundamentals. Square has so much more leg room to grow especially with their cash app.
1d chart:
So, the chart is looking really juicy and resilient to all that market volatility the last 6 weeks. I know SQ bounces up and down 5-10% (sometimes) however, on the daily & weekly chart we can see a really nice uptrend over the last year. Momentum is really good as we approach new highs, and the short interest is reducing while the buying strength is increasing -- all very bullish signs. Not to mention rising volume over the last 3 days.
Looking at the green arrows I noticed some repetition with a breakout from a (slightly) descending triangle, leading to an all time high.
EOY price target: $222
SQ Trading Near Top of ChannelSquare might be due for a pullback to ~$170 (0.236 Fibbonacci level & channel support line).
- An extended bearish RSI divergence forming on day chart.
- Trading near top line of resistance and above upper Bollinger band (2 standard deviations from 20 moving average).
SQ path to new all time highsSquare had a nice run last week and was few cents away from the all time highs after earning pop. Expect price to break through the overhead resistance and keep pushing for new all time highs for days or possibly weeks
SQ outlook; help plsHi, am a new trader and new to chart patterns etc. anyone want to let me know what they think about this simple analysis of square?
price as of last close testing resistance at 195, if it breaks through as it may appear is happening, it could find resistance at around 210 which may see a reversal and test support at 195. if it breaks below support at 195, i can see it hitting 175-180 which is a buy point; this is ofcourse unless it breaks through 210 at the top of the long term trend line which could send it flying
bitcoin can definitely be supporting the recent surge of this stock
SQ showing strength. Showing relative strength. Will see how it continues to hold up if the market continues to pull back. Hopefully price continues to get tight.
SQ Round UpSQ is forming a rounding formation and above its moving averages. Looking for this to continue its rounding trend back to the top of the range at 200. The nearest 13ema (exponential moving average) will act as support
SQ updateAnd finally, SQ on the 4hr and 1hr charts,
4hr first:
SQ entering another bullish channel, rose way too fast too soon, so I'm expecting it to climb past $200 by the end of the month. Today was a good time to add to a position when to broke bellow the white dotted line, I sadly was out and away from my computer so I missed it.
1hr next:
On the 1hr we see SQ finding support at an old ATH, this is (maybe) good news. Same as other tech I'm expecting volatility throughout the week then a move up. Here's a hint: look at the volume
$SQ placed in Drift A after earning results$SQ is projected to have a bullish outlook after being placed in Drift A of the PEAD projection after positive under reaction following its earnings.
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