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SQ trade ideas

$SQ$SQ – I am posting this along side $PINS because the charts are nearly identical and I want to compare what happens in the future. It appears to me to be a bearish corrective break – with the projections as charted. The ‘W’ shape top appears to have been a double top reversal = price fell to 200 day EMA. This is also the bottom of the vol profile and the .380 fib level. A double top reversal measures the top and bottom wave to forecast a price below support. That is the range I will look for entry. Because MACD and RSI are indicating oversold a bear flag is possible. NYSE:SQ NYSE:PINS
NYSE:XYZ
by jonwayne02
Square Has Pulled Back to SupportSquare is one of the hardest-charging growth stocks in recent years. Like many growth names, the fintech has paused since vaccine news triggered a shift toward value stocks in November. But now the risk / reward may be swinging back toward the bulls. First consider the area around $200 where SQ is trying to bounce. It was also a low in late January, early March and late March. Second, the support also matches the 200-day simple moving average (SMA). In fact, it is SQ’s first test of its 200-day SMA in over a year. Third, stochastics have been oversold. The fundamental story also seems to remain intact, with earnings and revenue beating estimates on May 7. Cash app also grew 139 percent (excluding Bitcoin). TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:XYZLong
by TradeStation
Square - Going to Bikini Bottom ⬇-The stock market was having a generally negative day on Monday, with the S&P 500 down by about 0.5% at 2:30 p.m. EDT. However, fintech giant Square (NYSE:SQ) was a major underperformer, down by 5% on the day. -The primary reason for the decline is that Square announced plans to offer $2 billion in senior notes (aka debt) in a private placement to institutional investors. Square plans to use the money for "general corporate purposes." -It's not unusual for selling pressure to be seen when companies unexpectedly add debt to their balance sheets. And considering that the company had $3.7 billion in cash already at the end of the first quarter, this move might have investors scratching their heads. Including debt already on the books, Square will now have about $5 billion in long-term debt, more than five times its debt load at the start of 2020. -With Bitcoin (CRYPTO:BTC) falling sharply over the weekend, companies that have cryptocurrency operations are under additional pressure. Not only does Square provide Bitcoin trading functionality through its Cash App, but it also owns about $360 million in Bitcoin itself. So it's fair to say that at least some of the pressure Square is under is being caused by these headwinds.
NYSE:XYZShort
by caldooninvestment
10
SQ, REVERSAL COMING!Hello fellow traders and investors, here's a trade idea on Square. Square has recently been pulling back and it looks like we could've just found a support. If it makes a recovery to the previous high it offers a 34% ROI. Technicals: The Macd indicates that SQ is still in a downtrend but since the Macd is a lagging indicator this was anticipated The RSI is looking very oversold When To Buy: Now or when the Macd does a crossover When To Sell: At the take profit area Fundamentals: SQ, Square, Inc. engages in the provision of credit card payment processing solutions. It is a cohesive commerce ecosystem that helps sellers start, run, and grow their businesses. The firm's sellers download the Square Point of Sale mobile app, they can quickly and easily take their first payment, typically within minutes. With its system, sellers gain access to features such as next-day settlements, digital receipts, payment dispute management, data security, and Payment Card Industry compliance. The firm offers additional point-of-sale services, financial services, and marketing services. They have a P/E of 333, a P/S of 6.65, a debt/equity of 1.62, a growth in sales Q/Q of 266%, an EPS growth Q/Q of 132%, a profit margin of 2.70% and a short float of 8%. Rating: 75/100 the technicals look pretty good but it hasn't yet shown signs of a reversal and their valuation is pretty expensive so they deserve a 75/100. I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, share and comment your thoughts. If you have any questions send me a message and I'll gladly respond. Thanks
NYSE:XYZLong
by UnknownUnicorn11084119
5