SQ typical reversal zoneShould bounce from here. Playing calls personally, good for swing shares and new long positions as well
SQ3 trade ideas
Short Term SellAs earnings date nears it looks like it may fall for a bit. The potential for rise after isn't bad we will see
SQ BUY SQ is bouncing off of supports in a pitchfork pattern. Expect price to retire to highs and hit resistance. First Post
Hourly falling wedgeDaily also looks like a reversal from here, entered calls on Friday, should break near circled area on chart, can use trend based fib extensions for PTs
Schaeffer's Top Stock Picks for 2021: Square (SQ)Every day for the next two weeks, we're going to highlight one of Schaeffer's top 14 picks for 2021. Up today is a popular name from a few years ago that still has room to run. To access the entirety of the 2021 report, click here .
Online payment provider Square Inc. (NYSE:SQ) has been a stock to watch over the past five years. The equity has dominated the charts since its 2015 initial public offering (IPO), and is now up nearly 1,700%. This surge has only gotten more impressive in 2020, with shares up roughly 250%. There is still plenty of pent-up pessimism surrounding SQ, however, indicating the equity still has room to run -- the perfect pick for options bulls.
Short interest is still inching higher, and now makes up almost 8% of SQ’s available float, or nearly three days’ worth of pent-up buying power. Should some of this positive price action begin to spook bulls, an unwinding of shorts could put additional wind at the equity’s back.
An unraveling of bearish sentiment among the brokerage bunch could give SQ a boost, too. The stock sports a surprising number of "hold" or worse ratings, while 19 of the 34 analysts in coverage call Square stock a "buy" or better. Adding to this, the 12-month consensus price target of $197.01 is a 10% discount to current levels, which might inspire some of these analysts to lift their estimates soon.
it is bottom of the trendSo this is can be the very good buy point i guess. But coin prices very challenging for this stock.
Today is the critical day for SQI am not a expert and just a recommendation.
This is the critical day for the Square, the previous 5 days looks accumulation to me. If its the accumulation then is must break out from this point.
If its not that it must fall from that point.
This is not stock buy and sell recommendation. This is just for technical educational analysis.
I will watch volume today.
SQ breakout and speculation The chart is looking nice for SQ to breakout. The big thing in this play is also the rumors for SnP inclusion. If SQ is included, it will undoubtedly go to new all time highs. SQ defended the fib intraday as well.
SQ:NYSE - SQUARE INC - Trending nicely. Might be good for 2021. Square has been having a great run post covid up around 400% or just over 230% for the last 12 months. Good chance they will be one of the better performers through 2021 especially if retail and other consumer oriented services begin to recover. Worth a watch.
SQ Rising WedgeMacd is bearish, OBV is bearish , And Showing a rising wedge pattern. Held support (yellow line) at 225 and thats the only good news for this stock.
Description
White lines- Daily channel
Yellow lines - Secondary trend
Redlines - Short Targets
Green line - Channel top, short term target ( Can rise with bitcoin)
Square vs Paypal I own both Square $SQ and Paypal $PYPL. I've identified some demand levels where I would buy more Square than Paypal. The yellow shaded area are Square demand zones. The top line of these levels is my entry point to buy more Square than Paypal.
SQ: Added this once again right before close.Bitcoin is headed for brand new all time high. This can happen while mkt will be closed this coming Monday (MLK). Nonetheless, Blockchain technology is getting some attention and just few banks are applying this. SQ and PYPL are smart enough to adapt to this new secure way of transactions.
Have fun.
