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SQ trade ideas

SQ to be "stuck" between $83 and $153 for a whileSQ was absolutely a lead bull for the last 2 years since COVID hit. That’s over. I’m drawing 2 Fib Retracements here: 1) LEFT Looking at the left Fib since the COVID low, we have now retraced back down to the 0.786 line (~$83/share). That’s bearish if I ever saw a sign. Furthermore, we in the last few weeks bounced up to $149.00, below the 0.5 Fib from the COVID low. Because we didn’t bounce off of the 0.618, there’s hope we can get bullish again, though bleak. 2) RIGHT Looking at the right Fib since the COVID high, we see we have bounced in the last few weeks to just shy of the 0.382 Fib. Again, not a good sign. If it were the 0.618 or the 0.5 Fib, there may be more room for a bullish look coming soon. I expect SQ to bounce around between the LEFT 0.786 and 0.5 Fib ($84 and $153), and the RIGHT Fib 0.382 and 0 ($154 and $83) ~~~shockingly close values~~~ for a few weeks or months here. Now, $83-$153 is a HUGE range for a ‘typical’ stock, so there will still be a lot of money to be made. I’m on the team of selling at the high end of this range and selling at the low end. When the channel breaks one way or the other, I’ll re-evaluate. Happy Trading!
NYSE:SQ
by HandsomeSloth
SQ: Trend Analysis and Key Points to watch!Hello traders and investors! Let’s see how SQ is doing today! Despite the drop in the past two days, SQ just reversed its bear trend and now it is in a bull trend. We see higher highs/lows, it is trading above the 21 ema, and the volume is increasing, just after it hit the support at $ 87 (keep this price in mind). It is the first time we see SQ doing these movements since mid-2021. It broke the previous resistance at $ 130, and this price level is supposed to work as a support for us next. In addition to the $ 130, we have the ascending 21 ema, which is another technical support. SQ could drop to these supports, and this wouldn’t invalidate the bullish bias seen in the daily chart. In order to reverse and become bearish again, we must see a clear reversal structure, and so far, there’s none. In my view, it is normal to see SQ struggling right now, because we just hit a key point in the weekly chart: As usual, the 21 ema is working as a resistance here, and SQ is having a hard time breaking it. However, we have some good news. Remember the $ 87? This price level is one of the most important for SQ, if not the most. It worked as a nice support level in February, because exactly 2 years ago (Feb 2020) this was the pre-Covid top. SQ lost 2 years of growth, along with the "tech enthusiasm" during the pandemic. However, I like how the market reacted at this price, and the volume tells us everything, as it had one of the highest spikes ever seen. To me, SQ looks interesting, and the bullish bias is intact, as we don’t see bearish structures. Either way, we must pay attention to the support/resistances mentioned in this analysis. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my analyses!
NYSE:SQ
by Nathan_The_Finance_Hydra
1
Square | SQ | Short to SupportSquare ( NYSE:SQ ) may not be done its decline in the coming weeks. It currently sits in a falling wedge formation. After an earnings beat on February 24th, retail jumped back in, but the gap-up was quickly filled 8 days later. It continues to show signs of weakness. Last dip to $82.72 may not be the near-term bottom. If Square continues its decline, true support may be in the $70s (or much lower). A continued break through the falling wedge's resistance and above the 50 EMA (yellow line) will nullify this thesis.
NYSE:SQShort
by NicksAnalysis
Watching SQI think a possible good swing set up is playing out on SQ. I may be a little patient before entering but i will give my opinion for those who enter this. Price has broken well out of the downward channel and has passed the 50 sma. I believe that if the price action continues like this, a golden cross will be imminent shooting the price higher up. A double bottom has also formed at the end of the channel. The price right now is in a supply zone therefore i suggest waiting for candlestick confirmation and a breakut of the supply zone for proper bullish momentum. PT are 170 and 203 (the 200 sma). I think this swing play can take longer to play out but i believe there is potential. Like always use stop loss. I would use 125 but 116 (the 50 sma) can also be used as a more aggressive stop loss. DYOR
NYSE:SQ
by AngD1899
Flagging- Bullish - UpdateSQ catching my eye here after finally picking up some momentum after taking a beating along with the rest of the fintech stocks of the likes of UPST ROKU AFRM PYPL etc. However, with buyers stepping in and reclaiming the 50-day EMA, will certainly be eyeing SQ in the coming weeks for another leg up. Buyer volume is steadily increasing relative to seller volume, hidden bullish divergence on the RSI on nearly every timeframe, bullish ABCD harmonic pattern on the daily timeframe as well (Not Pictured). Falling wedge accompanied with a MACD golden cross on the weekly timeframe, bullish hidden divergence on the RSI, and a bullish Gartley harmonic pattern formed (See Attached Chart Below). Bullish and will be watching closely for another push up as buyers continue to step in (broader market conditions permitting)- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on in the meantime- Previous charts & Price Targets attached in the description below PT1- $138.47 PT2- $142.49 PT3- $145.15 PT4- $146.81 --Weekly Timeframe --Previously Charted
NYSE:SQLong
by jacobosiason7
6
Block Breaking Higher? Block - Short Term - We look to Buy at 128.09 (stop at 115.10) Preferred trade is to buy on dips. 50 1day EMA is at 124.21. Previous resistance at 130.00 now becomes support. 5 positive daily performances in succession. There is scope for mild selling at the open but losses should be limited. Our profit targets will be 168.31 and 185.19 Resistance: 150.00 / 170.00 / 200.00 Support: 130.00 / 100.00 / 83.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:SQLong
by Saxo
SQ - trend could be reversing upSQ is now formiong a potential inverted Head & SHoulder's formation, a breakup of it's neckline @ 132 could confirm that the trend is reversing to up. When a breakup does happen, a re-test (pullback) of the neckline is not uncommon but as long as it does not breach this level, then the neckline will become the new support, with potential H&S target @ 180 (abt 36% upside from the neckline). Let's see if this trade will pane out. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
NYSE:SQLong
by Juliac
1