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BLOCK INC

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SQ3 trade ideas

SQ LEAP PotentialNYSE:SQ With the FED's announcement of possibly only TWO rate cuts in 2025, my eye is on companies like NYSE:SQ , NASDAQ:AFRM , and $PYPL. NYSE:SQ had the most beautiful set-up, to me, so I began here! The "perfect" set-up to me would be if the potential H&S pattern played out and we saw SQ push back towards the 92.65 level, reject back down towards 80.50-81 and hold the .382 Fib level AND the weekly support trend line. However, if bullish momentum is strong, a weekly break above 92.65, with correlating volume, and I will look to enter and target 99, 107, 117.
NYSE:SQLong
by WSBB
Technical Analysis: $SQTechnical Analysis: Relative Strength Index (RSI): The RSI is currently around 70, indicating that the stock may be overbought. An RSI above 70 often suggests an overbought condition, potentially signaling a price correction or consolidation in the near future. Support and Resistance Levels: The stock has strong support around $80, which has previously served as a price floor during declines. On the upside, resistance is seen around $100, where the stock has struggled to break through in the past. A breakout above this resistance level could indicate further upward momentum. Volume: Recent price increases have been accompanied by rising trading volumes, signaling strong investor interest and validating the current upward trend. Moving Averages: The stock is trading above both its 50-day and 200-day moving averages, which confirms a bullish trend. Conclusion: The technical indicators for Block Inc. suggest a sustained uptrend, supported by positive signals from moving averages and increasing trading volumes. However, the high RSI value indicates a potential overbought condition, which may lead to price consolidation or a short-term correction. Investors should monitor the support and resistance levels closely for potential entry or exit opportunities.
NYSE:SQ
by swingstocktraders
Square (SQ) Setup is Ready for its Christmas Rally [LONG]Google the Inverse head and shoulder pattern. It seem's clearly visible in SQ. Additionally, there seems to be a cup and handle pattern. This tea cup is looking primed for a Santa rally. The volume looks sound. Fundamentally, they are doing fine, the company has worked hard and made a notable name for themselves. The RSI is healthy just not oversold on the daily but in the shorter term looks oversold. I see no reason to not participate. Gooooo NYSE:SQ
NYSE:SQLong
by resurrector007
Here's a SQUARE deal for you! (SQ) SQUARE (SQ) Weekly Chart I'm definitely excited by the potential for an explosive upward move on display here. My notes within the chart are fairly well explanatory. Best wishes to you all! Block, Inc. is an online digital and mobile payment platform for consumers and merchants and is the parent company of Square and Cash App. The users of Cash App can buy, sell, send and receive Bitcoin. In addition, SQ’s decentralized tbd platform allows developers to build decentralized finance applications that run on programmable blockchains. SQ is also one of the largest Bitcoin investors. NOT FINANCIAL ADVICE
NYSE:SQLong
by originalrick001
1
Inverse Head & Shoulder Tutorial An inverse head and shoulders pattern is the opposite of the head and shoulders pattern and signals a potential bullish reversal from a downtrend to an uptrend. Here's a breakdown of its key components: Left Shoulder: The price falls to a trough and then rises back to a resistance level. Head: The price falls again to a lower trough and then rises back to the same resistance level. Right Shoulder: The price falls again but only to the level of the first trough, then rises once more. The pattern gets its name because it resembles an upside-down head with shoulders on either side. The neckline is the resistance level connecting the highest points of each peak. Types of Inverse Head and Shoulders Patterns Inverse Head and Shoulders Bottom: This pattern signals a potential reversal from a bearish trend to a bullish trend. How to Trade It Breakout Confirmation: The pattern is confirmed when the price breaks above the neckline in an inverse head and shoulders bottom. Entry Point: Traders often enter a long position when the neckline is broken in an inverse head and shoulders bottom.
NYSE:SQEducation
by RonnieV29
8
SQ Long OpportunitySQ has been range-bound for a long time now, and appears to be setting up for a bigger move to the upside. Based off all-time fib retracement on the monthly timeframe, if we can break this level around 100, we can see a move up to the 130s at the next fib level. On the weekly and daily timeframe, we still have that inverted head and shoulders pattern, and SQ has already begun breaking the downtrend, after creating its first higher high. SQ will likely retest some FVGs to the downside before continuing a move to the upside, as this is likely where buyers are waiting to step back in. We also have people taking profits going into resistance, which is why we have more sellers than buyers right now. I would look to enter long around 90-93, and you can probably set up alerts at these levels.
NYSE:SQLong
by johnsnicho
2
LONG Block IncBlock Inc has broken above its long-term consolidation range of $54 to $84, surpassing the 0.236 Fibonacci retracement level on the monthly chart. A December close above these levels would establish support, targeting the 0.382 Fibonacci level at approximately $125, representing a 30% upside potential from current prices. Block Inc maintains strong operational momentum despite Q3 2024 results falling short of market expectations. While the projected Q4 gross profit growth of 14% year-over-year missed consensus estimates of 16.2%, the company's core business segments demonstrate robust fundamentals and expanding market opportunities. Revenue Segment Distribution Outlook 2025: Square & Afterpay ecosystem: 45% of total revenue Cash App platform: 35% of total revenue Bitcoin Mining operations: 12% of total revenue Buy Now, Pay Later (BNPL) Services: 8% of total revenue Strategic Growth Catalysts: Strategic Bitcoin investment: New commitment to allocate 10% of gross profits Enhanced financial reporting: Implementation of FASB fair value accounting for Bitcoin holdings starting Q1 2025 Mining technology innovation: Development of proprietary Bitcoin Mining Chip in partnership with Core Scientific Payment integration expansion: Successful Afterpay integration with Google Pay platform (launched November 2024) Strong transaction metrics: Record-breaking 144 million transactions processed during Black Friday/Cyber Monday 2024"
NYSE:SQLong
by RichmondHillCM
LONG Block IncBlock Inc has broken above its long-term consolidation range of $54 to $84, surpassing the 0.236 Fibonacci retracement level on the monthly chart. A December close above these levels would establish support, targeting the 0.382 Fibonacci level at approximately $125, representing a 30% upside potential from current prices. Block Inc maintains strong operational momentum despite Q3 2024 results falling short of market expectations. While the projected Q4 gross profit growth of 14% year-over-year missed consensus estimates of 16.2%, the company's core business segments demonstrate robust fundamentals and expanding market opportunities. Revenue Segment Distribution Outlook 2025: Square & Afterpay ecosystem: 45% of total revenue Cash App platform: 35% of total revenue Bitcoin Mining operations: 12% of total revenue Buy Now, Pay Later (BNPL) Services: 8% of total revenue Strategic Growth Catalysts: Strategic Bitcoin investment: New commitment to allocate 10% of gross profits Enhanced financial reporting: Implementation of FASB fair value accounting for Bitcoin holdings starting Q1 2025 Mining technology innovation: Development of proprietary Bitcoin Mining Chip in partnership with Core Scientific Payment integration expansion: Successful Afterpay integration with Google Pay platform (launched November 2024) Strong transaction metrics: Record-breaking 144 million transactions processed during Black Friday/Cyber Monday 2024"
NYSE:SQLong
by RichmondHillCM
SQ - 28 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
NYSE:SQLong
by TheArtOfCharting