SQ trade ideas
likely failed H&S topAfter failing to hold the H&S top (see $253, top of right shoulder) it re-visited the ATH and returned back to the $250-253 level. Earnings very soon.
We are looking at potential double top currently.
Violation of any of the 1stddev lines (~$240-260) should indicate what's next.
$SQ Technical Analysis$SQ KEY LEVELS
White Lines = Supports
Yellow Lines = Resistances
Purple Line = Point of Control
SQ looking strong hereSQ has shown strong support at the $241.89 and $236.01 levels (Support/resistance- Pink lines) and has held its upwards trend. Looks to be consolidating at the moment and has been hovering in the RSI oversold range- if SQ can break and hold above its first resistance level at $256.76 will be looking for a breakout.
PT1- $264
PT2- $75+
SQ next leg upMaking Higher highs and higher lows, If we can clear this zone (258 - 259) we can try the next resistance area at 264
SQ Long William Alligator : the stock is currently in a bullish position because the candlesticks are above the Teeth, Lips and Jaw and the lines are “eating with an open mouth” this indicates that the stock is in a strong uptrend.
RSI : the line is under 70, so the stock is not overbought.
Candlestick patterns : there is a bullish engulfing which is a bullish confirmation.
Overall : it can be interesting to take a buy position on this stock because the indicators indicate that the price is increasing. Entry price is higher than the current price for assurance and stop loss is set at -5%.
$SQ if earning is Big surprise then 300-340 or 160Wide Consolidation from 200-280
Bullish key: 256
Bearish key : 225
I love this volatility! Retrace to $250?Greetings All,
SQ is a $$$ making machine - that is if you sell options! Now that SQ has closed the $270 gap, it may close two smaller gaps created in its recent ascent. I'm targeting a retracement to the 20MA (blue) or 50MA (orange), which is between $235/$240. If we can get to a 78% retracement to close the gap at $218, it would present a great entry.
SQ is bullish. I'm simply swinging options between the highs/lows of this volatile money maker.
Happy Trading!
SQ Weekly UpdateSQ closed at $246 on Friday, if it can break through $250-$253 tomorrow then I will be playing some weeklies 04/30 exp.
Short to $215 on Gap Fill?Greetings,
SQ has been in correction, and at some point will fill the $215 gap. Resistance (red channel) is evident at $250, with four rejections around this price point making SQ bearish in the interim. SQ may even try to test support around $200 (green channel). However, if SQ breaks through the resistance channel, target $285 and $300.
Targets are Blue!
Happy Trading!
SQ beautiful trend here SQ dipping to bottom trendline support, could be ready for a swing trade soon, long 246 stop loss 233 price target 280-290 before we dip again to trendine support. goodluck ! dont forget to like and follow :)
From 36 to 250 in a year, SQ is a gift that wont stop giving We just saw a clear double bottom, the pullback into the middle of the 'W' has already begun too, meaning not too long from now, we're gonna see a quick bulish run. The stock's at an ATH and apparently is still destined for more.
The OBV is also on a clear rise, another bullish sign
Like to spread the message, follow for more and tell me what you think! Ill definetely respond :)
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For those new to TA, a double bottom is when a 'W' pattern is formed on the chart, its often followed by a pullback and a bullish run. When the 'W' is upright, its bullish and when its inverted, its bearish
Square put in a double bottom which is often a bullish signal.Square has been looking good lately after having spent some time building a bit of a base from which to potentially move higher.
Double bottoms are often seen by technical traders as a good signal that the stock is likely to continue to move higher. You can always expect a bit of a pullback, but overall it is a pretty bullish signal.
Worth watching.
$SQ Technical Analysis$SQ KEY LEVELS
White Lines = Supports
Yellow Lines = Resistances
Purple Line = Point of Control
SQ!!!Massive moment for SQ. Massive 20 ema resiatnce on 3hr at 254.16. Huge resiatnce we are trying to test at 253.80. This could go either way. 2hr MACd is about to get a bullish MACd cross. If this pops and holds above 254 I think it’s a long
SQUARE - 🚨Attention, it's getting dangerousHello everyone,
SQUARE is definitely one of the current hype stocks. Accordingly, the share price has developed well in the past. But everything moves in waves and Square will be no exception. There are some warning signals in the chart that suggest a strong correction. And it is precisely this expectation that I would like to use to determine a nice long-term entry.
Chart-technical assessment
- The momentum of the trend has clearly cooled down in the weekly chart and is slightly negative according to the MACD indicator. This is also reflected in the fact that no new high was formed in recent weeks.
- On the downside, a clear support zone can be identified in the chart (grey box).
- Within the supposed top there are two very exciting candlestick reversal formations.
1. evening doji star: A formation of three candles. This formation is not very common, but when it occurs after a strong rally, we should pay close attention to it. The formation represents a strong trend reversal signal with a good hit rate. The top of the Evening Doji-Star formation is considered strong resistance and is located at 283.19 points.
2nd Shooting-Star: A formation from one candle: The Shooting-Star is another trend reversal signal. Moreover, it additionally occurs in the range of the Evening Doji-Star.
Conclusion
- The chart gives many warning signals that the party at Square is over for the time being. Nevertheless, no decision has been made here yet.
- Should Square sustainably overcome the upper side of the current formation at 283 points, a further long movement should be the consequence.
- Should Square fall through the lower support, as I expect, I will use the marked zone in the chart as a buying opportunity. This is where many supports and the price target of a sell-off come together.
As always, it's "do your own research" - I am not an investment advisor and this analysis reflects only my personal opinion and is not a call to individual action!
If you want to support my work I'm happy about a Like & Follow 🙏
Best regards & success!
Chartdigger
Bearish Bat into a long setupStraight forward long setup after completion of bearish bat with price bounce off of high confidence price Fibonacci level.
