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SQ3 trade ideas

$SQ - Could be nearing a reversalNYSE:SQ underwent consolidation in the same area from 2018 to 2020. It experienced a sharp decline after breaking out of the consolidation range before skyrocketing. It took a total of 81 weeks from the beginning of consolidation to the final plunge below the consolidation range. It then took just 3 weeks to climb back into the range, which is above $55. Fast forward to the present, we find ourselves consolidating in the same range, and on week 73, we saw a plunge below the consolidation range. If history were to repeat itself, we could speculate that Square is nearing a reversal and it may start as soon as next week. What are your thoughts?
NYSE:SQLong
by PaperBozz
1
SQ has hit a new lowSQ has hit a new low This figure shows the weekly candle chart of Block Company's stocks in the past three years. The graph overlays the top to bottom golden section for 2021. As shown in the figure, the stock of Block Company fluctuated and organized in a rectangular range that remained relatively low from May 2022 to the previous week. This week, it has hit a new low in recent times, reaching below the top to bottom golden section of 3.618 in the figure! The stock of Block Company is about to challenge the bullish starting point at the bottom of early 2020, which is the opening price of $38.47 for the week of March 23, 2020!
NYSE:SQ
by Think_More
SQ Massive Breakdown ComingSQ has been in a range for about a year and has finally gapped down below all support on volume. The CEO stepped down so that's a bad sign for the company. The last two weeks of Sept and the first two weeks of October are sometimes down months so the odds are good that it will drop pretty fast over the next four weeks. Fibonacci extensions show $10 as the low which is in line with a measured move out of a range. Volume Spread Analysis confirms this move on the weekly chart: Huge volume spike engulfing pattern and also a liquidity clearout of the high of the engulfing bar and a final No Demand UP bar near the bottom of support before dropping I was surprised that put options are priced pretty cheap especially if prices drop like a rock. Fortunes can be make in situations like this in a short period of time.
NYSE:SQShort
by EliteTrader101
4
Block (aka Square) SQ Is at the Discount Price Level!SQ - Block (also known as Square) is at the Discount Price Level. It may be tie to dollar cost average into SQ. This level has shown to be a discount level about 4 times in the past. Remember past performance does not dictate future results. Also, fundamentals trump technicals every time. Do your research and determine if this technical analysis matches up. Portfolio Builders Club - Encouraging everyday people to start building a portfolio of growth and cashflow producing assets.
NYSE:SQLong
by PortfolioBuildersClub
Bullish Set-Up After Local S/R FlipSQ is currently at local resistance but after a massive sell-off, I would expect continuation to the upside short term. -------------------------------------------------------------------------------------------------- Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
NYSE:SQLong
by Navitility
Potential Reversal Zone - Block, Inc. (NYSE) - Long-Term Chart: Block, Inc. 1M Block, Inc. has seen a sharp decline, currently trading at $64.64 which is down by 19.73%. The price is depicted by the jagged green line, and it's notable that it has broken through the orange trendline which has acted as support in the past. Reversal Zone: The horizontal dotted line near the $64.64 mark is of great interest. This price level could act as support. Caution: Keep in mind the red shaded rectangle below the current price. If the price breaches this level and closes below it, it might indicate further downside. Investment Strategy: For long-term investors, it's wise to observe if the price can sustain within the green shaded zone and show signs of a reversal. A more conservative approach would be to wait for confirmatory bullish patterns or candlesticks before considering an entry. A stop-loss can be placed below the red shaded area if the position is taken. Always ensure proper risk management and conduct your own research. The market is unpredictable and investing always comes with risks.
NYSE:SQLong
by aaronkaltman
SQ WVAP Breakdown into Earnings LONGOn the 30- minute chart BLOCK ( SQ) broke down from a VWAP pop last week into a drop this week to earnings which were a 7% beat on earnings. MACD lines are about to cross. he lower RS line in green is showing bullish divergence while the mass index signal is in the reversal zone looking to trigger with a fall. Finally the narrow range or flat candlebars at the end of the price action show the reversal is impending. I see this as a fade into good earnings worthy of a reversal long and so I will take that trade.
NYSE:SQLong
by AwesomeAvani