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.
4SQ trade ideas
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.
Current SQ Owners....To current LONG SQ owners:
SELL 20% of your position at 214/share,
then sell another 50% (ie. 40%) at 238/share.
Stay out and wait for a healthy (8-15%+)
market pullback/correction to re-enter.
(likely/maybe late late Feb - April 2021).
SQ is hitting the ascending channel (blue lines)
like a CHAMP! I'm so bullish.
On the chart you'll see a rogue ascending red trend line,
which started in late September 2018,
and will be burdensome resistance for SQ
mid to late Jan 2021, is my hunch.
March 2021 SQ earnings may be the catalyst to
raise SQ again, organically, after the market-wide
pullback/correction, else, maybe June 2021.
Seems like forever from now!
BUY more SQ shares (Dollar-Cost Average):
1. anytime below 177.0/share,
2. after a market-wide correction (10%-20%),
3. SQ just correcting itself, say 15-20%.
As it's done up the ascending channel thus far.
There is suitable support at 170.7/share.
Just follow the lime-green arrows everyone, I am.
Cheers,
Cryptmando
Status: Dec 01, 2020 (not trading or investment advice, I just like numbers, and I'm a trendy guy ;) )
SQ PullbackCould pull back to 196 before really climbing back up. Somewhat following BTC because of Cashapps ability to trade crypto. No big news right now.
$SQ Square Inc $235 Medium term target 💸💸
SQ is back inside the channel (blue) which has been a money maker since March.
Today we will look for a break above the most recent trendline resistance. (red)
Potential entry above $215.50
target price $220 & $222 short term
$235 looks like a reasonable medium term target, where we have a confluence of Fibonacci
levels and Channel trendline resistance.
SQ target 244 for wave 3,low confidence because of overextensionRequested earlier today, not something I would personally play just because of how overextended and overvalued alot of these software names are. If this is a 1-2 off the lows made in earlier Nov, then the projected target is around 244 for wave 3, but again, not something I would personally trade, low confidence due to overvaluation. Copyright Rohan Karunaratne 2020
