Square/Block Stock WatchI've been watching this since the CNN Article dropped on 12/1/21. Price is in a decent area right now considering the long-term target outlook ($444 is a Great number) but there are a couple of buy zones that we can watch for a better discounted entry price. Longby AnicaUpdated 6
Sq idea grabbing some 70 calls march 17 and hedge with march 03 68 puts we have earnings today after market close I expect some volatility at least 7% Longby Todopoderoso7
SQ - value buy at $80Technicals : 1. 3 Drives setup 2. Pull back to fib23 3. D and W above 20ma 4. Positional trade Target : $120 (50% upside)by Purvishdiwanji1
Has Block Bottomed?Block was a prominent growth stock before and during the pandemic. Like most companies of that type, it fell sharply between late-2021 and late-2022 as interest rates rose. But now it may be showing signs of bottoming and potentially turning higher. The first pattern on today’s chart is last November’s high of $75.77. SQ broke above that level in late January and held it this week. Has old resistance become new support? Second, the 50-day simple moving average (SMA) is back above the 200-day SMA for the first time in over a year. That kind of “golden cross” may suggest the longer-term uptrend has grown more bullish. Third, the lower study features our 2 MA Ratio custom script. It uses the default settings of the 8- and 21-day exponential moving averages (EMAs). Notice how the fast EMA remained above the slower EMA during the latest pullback. Finally, SQ jumped on November 4 after earnings and revenue beat estimates. That may keep traders focused on the fintech with the next set of numbers due after the closing bell this coming Thursday, February 23. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com . Editors' picksby TradeStation55157
A bit riskier SQ play, not taking it.The P&L is for the reference of entry, potential upside and cut loss point. The dates on it have no relevance.by ibakurov1
SQ - Update - Potential ReversalSQ has been holding a downtrend for quite some time now; with buyers stepping in heading into earnings, we could see a nice bullish reversal coming and a breakout of the downtrend. Square's holding a massive falling wedge on the weekly timeframe, accompanied by some bullish hidden divergence on the RSI, Bollinger bands squeezing, and a huge bullish cypher harmonic pattern. Additionally, an inverse head and shoulders has formed on the 4-Hour timeframe (See Attached Charts Below). Similarly, on the daily timeframe, SQ is within a symmetrical triangle with some bullish hidden divergence on the RSI and a bullish Gartley harmonic pattern. Bullish and will be watching closely for a breakout from this wedge and triangle as buyers continue to step in (broader market conditions & earnings permitting)- Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime. **See Below for Price Targets, Weekly Timeframe, and Previous Charts** PT1- $73.87 PT2- $78.82 PT3- $81.03 PT4- $86.76+ --Weekly Timeframe-- - Falling Wedge - Bullish Harmonic Formed on the Daily & Weekly Timeframes - Bollinger Bands Squeezing --4-Hour Timeframe-- - Inverse Head and Shoulders - Bullish Hidden Divergence on the RSILongby jacobosiason7Updated 337
Cup I do not see a clear handle for this cup just yet. This is not to long entry level yet which is a level that clears resistance of the left side of this pattern. If one is not already in this security, it can be advisable to wait for this level to be reached. A handle for the cup is an area of consolidation that forms a support level. Earnings are 2-23 and analysts are mixed on expectations. Short interest is around 5.27%. No recommendation. “Things may come to those who wait, but only the things left by those who hustle.” (o:by lauralea3
SQ - Forming Rounding BottomBoD 66.39, BoB 75.20 Retest 76 (Resistant become Support) Uptrend, Bullish and Strong Bull 0% Retailer. Next Target around 92. by kgiap1231
Square Reverse Head and Shoulder at fib? I believe I'm looking at a reverse head and shoulder on Block (SQ) on the weekly. This could indicate a longer term breakout above the fib. I'm thinking of small position size to front run the break out, a little more on a pullback (considering RSI) and larger size after a breakout up to 100. Tech's recent run in January and Block's extremely strong pullback in 2022 set up nicely for profit making. Longby tchaas933260
Off Da Block...Clearly a Bull wave forecast here...Nobody expecting anything to make new highs for ages - never rule out the possibility of insane melt ups - My idea in the comments is where I called a potential bottom (see below).Longby Swoop6Updated 8
$SQ: Good setupInteresting setup in $SQ, not a fan of management but the technical setup is very good here. Keep an eye out for it breaking into higher highs, short term data suggests it might just go straight up on Monday, but might retrace or pause a bit for a day or two after the 1st couple hours of trading. Best of luck. Cheers, Ivan Labrie.Longby IvanLabrieUpdated 449
SQ is hittingSQ update...I shared this with my trading fam...not sure if I did it here...but this shit is hitting just as expected. Longby ftt432320
Block Inc (Long)Block Inc Long Entry at 81.66 Take Profit at 92 (12.66% profit from entry) Stop loss at 73Longby I_M_Shoaib441
Covered call on SQRinse and repeat. 10 ema on a monthly should act as some resistance. But this is 20% higher AND its over earnings. We could GET up to this price, but how nice would that be?!??! Longby Reallifetrading3
$SQ Inverse head and shouldersA lot of these going around in the stock market right now. Inverse head and shoulders / Bullish dragon with a lower low on the second bottom to develop bullish divergence. Rising momentum and volatility here on the 3d. Longby TradingNomadic0
SQ Daily AnalysisI want to add SQ to my watchlist for this week. Looks very interesting inverse head and shoulders. Just something to keep in mind. I also seen this on twitter so this is just my version of their idea.Longby DRiddick431
SQ Trade Idea with Multi Time Frame Analysis 🔳 $SQ 90c at 0.03 #SwingIdea 5,000%+ Potential 💰 🟦 Entry ⬜ Target 01/27 Contracts | Trailing Stop > 35%Longby itsCblast3315
BLOCK Long IdeaThe chart is showing early signs of support and a favourable early entry. Will look for pullbacks towards $70 dollars to take positionby Trader-Dan1
$SQ Trade Idea - 9EMA crossing 21EMA on daily $SQ Trade Idea - 9EMA crossing 21EMA on daily If we can close that bear gap with volume we should be able to retest the top of this wedge Calls over $72.05 (Gap fill) Target $76.71 Puts under $69.24 Target $68.11 NYSE:SQLongby Solidified0
SQ ABOUT TO BREAK OUTThis is technical analysis on the SQ. I have a long position, in this muther... If BIT continues the trend on the upward path this could get there very quick. Manager your risk according. Longby ftt432321
$SQ Short Opportunity$SQ is at resistance levels, RSI is elevated, MACD looks to be rolling over, SQ is quite cyclical and tends to enter a downtrend at current levels on both stock price and RSI.Shortby samuel.houpt.120
Covered call on SQ againI am loving this move right now. Chart looks hella pretty. Selling Feb week 1 $81 call for $2.25. Throwing out a limit. It might fill today or later. Tell me why this chart looks so nice??? :-) Longby Reallifetrading224
Self explanatory double bottom bullish formation into earnings.Looks as if a very strong formation of a double bottom is forming on the hourly, daily, and even weekly chart all in the same area which confirms a whole lot more strength and probability that it will play out when it's seen on multiple chart time frames. Their is a target price within the next couple of weeks or so shown above. And this is all happening right into a high estimate earnings projection. So let's all hope SQ has a good run this time. Might want to scoop up some shares while it's cheap or sit on some call options with expirations either on or after earnings day for Square/Block.Longby Sawyer1700