$SQ Short Opportunity$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.
SQ trade ideas
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??? :-)
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.
SQ in consolidation after breakout ⚡break of 200 SMA/77.41 and I'm expecting explosive breakout 🚀
break back below trend resistance/56.89 and I'm expecting 52w low test 🔴
no triga no trade, boost and follow for more 💙
$SQ with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $SQ after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
Square is going to runIt has broken the long-term downtrend with volume. He tested it and it has bounced on the poc of volume. From here a new uptrend could start if the market accompanies.
Covered call on SQ.80 limit. I do not WANT to get called away at $80, so I will protect it. But I'm DEFINITIELY willing to protect it and or / wait until closer to expiration. But this would be a NICE $13 per share increase from here!
SQ: Watch out for these KEY POINTS!• SQ is doing an important reaction that could sustain a bullish thesis, however, there are some key points we must pay attention;
• First, it must break the red line at $64.26, as this would trigger a bullish pivot point in the daily chart and frustrate the Double Top chart pattern in the 1h chart;
• In this scenario, SQ could seek the $69 again;
• However, if it triggers this Double Top, the next support is at $60.48 again. This is a support from a previous gap, as seen in the daily chart (Nov 10);
• Only if SQ loses the $60.48 it would trigger a mid-term bear trend, and the next supports are $57.09 and $55.10 (another gap);
• Either way, SQ is looking good.
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SQ Consolidation breakSQ has been consolidating in a tight range,
i'll be watching to play the break to either direction,
the target will be the retest of either trendline
Square/Block Analysis 25.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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Long SQ (Block)NYSE:SQ
SQ has broke out of the descending fork without reaching it's Median Line and has broke above the Trigger-Line.
The next logical target is the "C" Pivot level ~ $93
Fat_Fat
make or break area ⛄break of trend resistance/bounce from RSI supports is great news for longs here! but has not happened yet..
rejection from this level and we can expect more downside short term. lets see what happens! goodluck, boost and follow if you enjoyed my chart💪
SQThis is my analysis of this stock, and I hope you will take it into account. I wish you much success.
SQ weekly despair zone of bubble cycle stop loss $0 HODLSQ weekly despair zone of bubble cycle stop loss $0 HODL entry $63.02
SQ covered callI do not WANT to get called away here. So, I will play defense if I have to.
However, sold $70 call exiring Nov 25 for $1.00 limit.
That's $9 away or about 15%. IF this is a NEW position for you, nice level to play it. 100 sma should act as a small resistance and this is a decent retest gap.
Will Activate Markup above 58Target levels:
64
71
83
Will likely breakout this week in line with crypto, heavy accumulation recently
Insane Valuation of Block Inc.Hello, after seeing blocks p/e ratio of roughly 470, i think it is massively overvalued and i expect it to go to my target zone in the coming weeks.
May even going lower but playing it safe is better i guess.
Current correction seems a good opportunity to short it, altho still recommending stop losses.
DYOR and please leave a like =)
SQ bear hammer monthlySQ shows perfect bearish hammer at monthly. Potentially wave 5 of the downtrend.
Expect bullish hammer September kiss $30 and either chop or begin uptrend from there.
