SQ trade ideas
SQ Rising Wedge - Bullish on old trend lineSQ
12/20/20 755pm pst
Rising Wedge- reversal incoming.
SQ will return to the strong upper trend from the March low point. It has only broken this Trend Line once. Allow SQ to run and come back. I see the entry at early January. SQ has no good/bad news, just a strong company. The stock will drop slowly at same cyclical slope.
One of the many stocks we're all wishing we bought and held, I'm sure.
Strong support at 200 RNNeed no further explanation. On rise from several months. In clear uptrend making regular higher highs and higher lows.
SQ Look to keep going up, but risk of a short-term pullback.Looking for a good buying opportunity in the near future.
#SQ $SQ Textbook shooting star formingLooks like a shooting star forming on daily candles, after what appears to be an ending 12345 diagonal. Seems like a fair time to be buying SQ puts. I grabbed Jan 15th 210s, if they profit tomorrow, I would probably close out, if the stock goes up, but does not break the top of the shooting star candle, I would add a little bit. Stop at the top of the shooting star. This is not financial advice, merely a punter's opinion.
SQ 1D Acending WedgeAcending Wedge, narrowing between trendlines.
Likely to breakout downside.
RSI divergence
MACD - no conformation yet, but might tip-off soon.
193-195: Potential target range in ~2 weeks.
Let me know what you think.
SQ updateNot really much of an update, but still going strong!
My EOY price target was $222 and I'm thinking we might see $228 now. Only issue I'm having is that the isn't volume picking up as seen on the OBV, a new ATH could be suspect with out it. I'll be keeping an eye out for a move up to $225 on a large volume spike, if not I think we'll play around 210-221 for the next little while
OPTIONS PLAY OF THE YEAR ($SQ)No matter how you trade, this stock has been in Beast Mode all year long!!!
SQ Looking to DropSquare has gone to the top of the higher trend line as well as a Fibonacci Retracement which has been extended to match key levels. Looking to retrace down to 177 and possibly 150.
SQ Topped OutSQ is at the top of my Fibonacci level, looking to see it retrace down to 178 and possibly 151.
$SE to $240 short term - EW and Pitchfork Analysis$SE is almost finished consolidating to the 38.2% level (around 203-202), which would make it bounce off the 1.25 pitchfork band (purple line). Since Stoch RSI is still falling, it may continue to drop to the 50% retracement level (around 197), coinciding with the 1.75 pitchfork band (red line). Furthermore this level is also the support from the Dec 2 low.
From here, i expect $SE to bounce to complete Wave 5 (green) which will complete Wave 3 (yellow) at the 1.618 Fib extension (from 238 and 248), confined between the upper 0.5 and 1 bands of the pitchfork.
This depends on the S&P500 continuing its uptrend to 4000 before a major pull back. If the S&P drops, expect $SE to drop with it .
SQ Moving Average (MA)NYSE:SQ
The moving average (MA) is a simple technical analysis tool that smooths out price data by creating a constantly updated average price. The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks or any time period the trader chooses. There are advantages to using a moving average in your trading, as well as options on what type of moving average to use. Moving average strategies are also popular and can be tailored to any time frame, suiting both long-term investors and short-term traders.
Hidden Bullish Divergence on 4hr for $SQPossible Hidden Bullish Divergence forming on $Sq on the 4 hr. Looking for a break above $208.50. Should meet resistance around $214. If resistance breaks, off to new ATH.
SQ Buy SetupAfter shorting SQ last week I am changing my tune and I'm looking for buy setups. I used the fibonnaci here to try and locate where SQ may head towards if $214 breaks and we head towards a new all time high. Price action is currently approaching the 50EMA which is right below a key level. I am looking to enter around this key level at $199.60.
Patience. Price action isn't there yet but the risk to reward is pretty solid here. Especially if we reach my predicted 2nd price target. Let me know what you all think !
*Charts posted for educational purposes only.
$SQ is going to bang ur momLet me know if you disagree. However, I think we all do agree. This stonk just math-wise. Is totally Stonkable. Buy it. Set it. Forget it.
