SQ LongBetting on SQ in the 250-270 range by end of December. Volume and price action is similar to it's previous ranging. After price action on 11/23 and 11/24 and historic price action, SQ seems very bullish moving into December.
4SQ trade ideas
$SQ support. Possible push to the upsideWith all the recent activity of celebrities and others accepting their salaries in the form of Bitcoin via CashApp, I thought it would be worth the time to examine the parent company which is $SQ. Here we clearly have had a very nice ABC correction with a nice move up from there. It appears as if we could be finding a level of support around $204.98. I would like to see a positive move up from here with a trigger of the moving averages. If we get that, I'll be looking for some very decent gains coming from this powerhouse. If not, we will re-examine for the next area of support. For now, the support looks to be holding.
SQ short idea $220pI've got $220 puts for $SQ expiring in 3 weeks, I think $SQ could break here. Once it breaks $225. So far the $227.4 level is being defended with some volume but seems weak here. I think $220 can trade and even continue to fall into that tiny gap around $160 in a few more weeks. Time will tell. Size accordingly. A bear put spread play is also not a bad idea selling the $215p and buying $220 puts to lower risk.
SQ LongTrendline break + retest
11/4 16:00 ET earning
Entry 247
Stop 242
Target 270
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Square, 22 Nov. Levels to WatchSQ declines further in a wave (v) with decreasing volume, so that we can look at two specific levels if bulls step back in.
Elliott:
We can count a wave (v) in blue. In the most optimistic long-term EW count, the end of this wave could potentially complete the entire ABC correction since 5 August. The idea is to build long exposure, just in case this EW count is correct.
Geometry:
The .65 fib is marked with the blue box. The 1.618 extension of wave (i) is located here, as well as the 222 Gann level. The pitchfork support is located lower towards 210.
Gann:
Support: 222 and 193
Resistance: 253
How I trade it:
A move above the pitchfork median at 234 would indicate that bulls try to be back in control. An entry above the pitchfork median keeps a potential re-accumulation chop below us, and we protect ourselves from a premature entry that could go wrong.
SQ (Bearish)From this chart a falling flag is clearly being portrayed. With highest resistance being $289 and SQ trading right at support, a break of that support can lead it to fall down to another stronger support level it has retained ( blue horizontal line ) . Looks ready fall and rsi is low too. If it doesn’t, will most likely trade within the flag, but a move downwards at around $190 might be coming.
$SQ - Inverse cup & handle ? watch for puts below 223$SQ - looks like Inverse cup & handle formed, also weekly loosing 50ema, I am watching for puts below 223
SQ looks to go Pypl route🐻1.Broke primary trendline
2. 200sma an 50sma Near deathcross on daily
3. No significant support till 191 fibonacci
If we fall through 191 That would be a huge double to that could take us to 130. I know 130 seems extreme but if I'd told you Pypl would be 190 2months ago would you have believed me? lots of selling going on with the big payment stocks
Mastercard
Visa
Pypl
SQ
Head and Shoulders at the Midway point of Trading RangeOn the weekly we are currently closing below the 55 week moving average and potentially double topping while on the daily we are trading within a range potentially creating a Head and Shoulders pattern that if broken would likely take us to the bottom of the range.
If after making it to the bottom of the range we break through, we can then begin to target the much bigger target of the weekly double top that can take us down to $120 or even lower but to be conservative lets say $120.
I believe that payment processors are in a position of weakness and that we will see many pullback over the coming months.
For more on this you can view my idea on Visa in the related ideas section.
SQ might reverseSQ has fallen to a to a support a level and looks to reverse. It is currently in a squeeze and may be looking for a big move soon.
Breakout: $240
Price Target: $253
Price Target $260
Stay on the look out for a potential double bottom
Square Analysis 16.11.2021Hello 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.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
LONG SQ 20+% returnsAnalyst expectations weigh significantly on this company and momentum has climbed after previous analyst revisions
SQ may give an opportunity to go longI believe for the next month or so, SQ has the ability to get to my TP at $274.95 . My entry however will be based on:
1. if price closes above the red trend line in the near future
I already have 3 waves down on price and the yellow static line in RSI was broken
If the final condition is met, I will likely place an entry, a month out, to see if SQ can hit my TP. If I am triggered in but the trade goes against me, my exit would be at $214.35
Happy trading!
SQ - Bounced from support levelSQ - Bounced from long support level
RSI above 30 - Bullish
ADX - above 20 ( always >25 is bullish)
MACD - will be turning to +ve
SQ looking to bounce hereAll signals looking bullish id like to grab a few cheap swings here and hold before thanksgiving, whats everyone thinking?
SQ long neutral short analysis sq below all the moving averages.
below 100 and 200 day EMA (exponential moving average)
Momentum looks to be bearish.
Bullish case, we can see a bounce from $225-$220.00
Volume profile is wide until $212.00.
Big funds looks to add at a discount.
Neutral case
However in the short term i will be looking to see if $225.00 breaks
with volume to catch a 10 point move to $210.00
Bearish case
$210.00 and $200.00 is the biggest support zone, if that is broken with volume
we can see a change in trend until than this stock can tade in a range.
However below $210.00 we can see a drop down to $160.00 -$150.00
$SQ - not liking price actionThis one has been sitting out of the rally, that isnt good.
Notes on chart - but it appears that it is likely this is still looking for the primary 2 bottom. I will be a buyer again around 205.
Beneath 191 and top was in - hello bear market
SQ Diamond TopSQ diamond top. Broadening price action formation into a contracting one after a significant upside run. While I do like Square long, price action in the short term is determined by the psychology of buyers and sellers. Trying to make sense of price action moves in the short term using fundamental analysis will make absolutely 0 sense. You can't argue with that. Diamond tops are one of the highest conviction reversal patterns. That bearish RSI divergence doesn't help. A death cross of the 50/200 MA is a possibility after worse than expected Q3 earnings despite significant YoY growth across all metrics. I'm looking at two different anchored VWAPs, one at the start of the long term impulse wave, and one a year out after strength started to taper off. I wouldn't mind getting a discount.
Square Analysis 10.11.2021Hello 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.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
Quick review on SQThe red circle was the formation to be cautious for a reversal. anyone going long might have gotten trapped because they did not seek confirmation. Red line, which also aligns with the 50 SMA was the level to hold. the Red arrow pointing showed the confirmation of SQ breaking down. when will SQ stop dropping ? who knows but if my levels are accurate, we may see some accumulation starting around 208-215.
