SQ trade ideas
$SQ TK cross over bullish cloud$SQ square has made a bullish TK cross over the cloud. Heikin Ashi continue to make strong highs. Trending toward short term PT of $300
TK CROSS OVER CLOUD
BULLISH GREEN CLOUD
TRAILING LINE OVER PRICE ACTION
$PT 300
Long | SQNYSE:SQ
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%.
Call options, strike price 270$, 26 Feb
SQ: The Morning Doji StarHey all! Decided to post something a little more educational rather than the same old chart. This post will cover the morning doji star along with how I'm playing SQ for the coming 3 weeks.
The Morning Doji Star:
A morning star pattern is a 3 candle bullish reversal pattern that occurs at the end of a downtrend (market bottom)
It is made up of a long red candlestick, a small doji candlestick (can be either a small red or green candlestick) that gaps below the close of the previous candlestick
It is followed by a long white candlestick
The first red candlestick confirms that the decline remains in force and selling dominates. When the second candlestick gaps down, it provides further evidence of selling pressure. However, the decline ceases or slows significantly after the gap and a small candlestick forms. The small candlestick indicates indecision and a possible reversal of trend. If the small candlestick is a doji, the chances of a reversal increase. The third long green candlestick provides bullish confirmation of the reversal, especially on high volume.
My Rationale:
After observing the morning doji star on the daily chart I'm confident that SQ will retest 227 and potentially retest the ATH of 243--maybe set fresh highs as we approach earnings. Further confirmation can be found on the weekly chart as seen below:
On the weekly chart we can see yet another bullish reversal pattern, this time a hammer off the 25ema. This was all the confirmation I needed that allowed me to make a risky yet confident choice.
My Play:
I started a small position in February 19 240c with an average cost of $4.80, I plan to add 3 more times before next Wednesday. My trimming targets are:
trim 1: 225
trim 2: 227
trim 3: 235
trim 4: 243
If I see signs of weakness or selling below 215 I might take the loss, but I will need to make that decision once the time comes after February 3.
As always I hope y'all enjoyed! Don't forget to leave me a like and a comment :)
idea on sqsolid move upwards, took out prior resistance, now support. on top of channel with mf overbought, expect a pullback then resume
Love This Stock BUT?Weekly Chart...
Bearish divergence on RSI. This may go up forever. But if not, possible fib levels it may fall to on a pull back. The .236 is not really a substantial pull back but who knows?
Just an observation and not any recommendations
Greed usually wins, eventually. Someone will sell....
First Green-Day, Wednesday 2/10?$sq is forming a strong wedge near its 52-week high. Plausible breakout and pushing resistance of 265.
hahahhah SQ calls with 10X gainzzz yaaa check my old posts hahhah i did say to buy..... my opinion but obviously i killed it :)
thank you god
sq option call for Feb/19th @225 strike price my take. not saying im right but here it is.
SQ has been down for a couple days.
cashapp seems to be thriving.
looks like it tested the retracement with Fib
SQ partner with snap?? IDK but that would be a big move
SQ Calls Free MoneySQ completed it's formation for a buy entry, Coming off of Strong Earnings with Paypal, and having support in the uptrend with SMA, going into Earnings later this month, easy money here.
I bought Feb 12 $270 calls at .90
Yes $9 call options currently worth $3.50 ($350)
No Brainer GLTA
Holding Square $SQ with good gainsLooks like I was right about NYSE:SQ . It rebounded really well from the support area that I highlighted in my previous analysis, and today is making ATH while doing a strong breakout from it's resistence in $245. I could be a really good buy point depending on how it closes today.
As the day to report earnings approaches I believe the volatility will increase so be carefull when you buy or sell. I think I'll just wait after the 23th to see what happens. But as I've been following Ark's analysis on NYSE:SQ it should continue to go up so I'll be traking this stock very closly.
SQ will test $300 after their ER. $350 by EOYPerfect setup to test $300 after their ER. $350 PT by EOY.
