Block, Inc.Too high numbers like P/E, P/B, quite low EPS...
But we know the market doesn't look that way. Definitely in this industry.
The price seems to me in a decent discount, if I had anything, I would start to accumulate :)..
SQ3 trade ideas
sq levelsAll colors are different time frames. Dark red weekly, orange daily, yellow four hour, green two hour, baby blue hourly, blue 30 minute, pink 15 minute. Trend line is drawn based off of rejection of trend based on the hourly as well as a green basing period following an engulfing red candle.
$SQ potential head & shoulder patterAsymmetrical H&S pattern on $SQ. Breakdown of the neckline confirmed Potential targets of selloff around $66-$61-$56. Head and shoulder patterns have some of the highest success rates. I will wait for a pullback towards the neckline and potentially short there.
$SQ OutlookHonestly, doesn't look great. Probably won't get above $100 in the near term unless unexpected news hits the wire. Looks probable that it'll chop for months
SQ AnalysisPrice has recently took liquidity at 90.99 and is unable to close higher. Price was on an uptrend and broke the market structure to the downside yesterday. We have sell-side liquidity built below and I'm expecting price to at least retrace back to the bullish POI at 76.44 from here.
$SQ -68% DISCOUNT (52-WK) -77% (ATH)!Square/Block is Great stock if you are thinking about adding a software, crypto and financial services stock to your watchlist/portfolio. It is currently showing a possible sign of reversal, but I think it has a way to go down! The original Heavy buying positions from IPO '15 to ATH in '21 is the $71 area! The next set of buyers are @$32.25 area! Which is good entry to swing to the $290 ATH, but the $32 entry area is a SNIPER! anything in between those two are good entries for long-term.
Bullish long termI entered here at 73.46.. Im going to be holding long..
I believe that this will endure a small pull back to 80 but otherwise in for the long haul.. next stop I'm foreseeing 100.
$SQ potential reversalSQ ran like a mad man yesterday. I can see some exhaustion/ reversal volume on the chart and there's a battlefield of supply around 80s-90s (see square). There's also 100SMA standing in the way. I can see SQ retest in mid 70s. Unless they murder earnings this afternoon.
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Block: Nothing Block-ing further gains?Block - Short Term - We look to Buy at 71.84 (stop at 61.55)
Price action has formed a bullish ending wedge formation. A move through bespoke resistance at 71.84 and we look for extended gains. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. Preferred trade is to buy on dips. Expect trading to remain mixed and volatile.
Our profit targets will be 113.47 and 149.00
Resistance: 80.25 / 90.99 / 113.48
Support: 71.84 / 60.82 / 56.01
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Buy Above 67 or Sell Below Buy Above 67
TGT 1: 70
TGT 2: 73
SL: $ 63
Sell Below
$ 60.50
TGT 1: 56
SL:63
$SQ #BLOCK #SQUARE @BlockIR @Square going up?Is that a break out? Lets see in the coming days. Follow me for trading ideas!
SQ two way trade Double inside week on SQ. Break of 60.88 to the downside or break of 66.88 to the upside.
JUL 22 69C or 59P could work
Daily wolfe wave for SQThere is a daily wolfe wave setup that triggered on Jun 21 closing day at 60.52. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 94.85 which is expected to reach this price target before July 6. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. However, in this particular setup the underlying price of SQ under performs since the price did not achieve the forecasted target defined by the wolfe wave apex. The setup is valid until the stop loss is triggered. Two days after the apex, a daily ttm squeeze formed which is another bullish setup opportunity into Monday and Tuesday.
SQ Completed 80% Retrace from ATHBlock, formally Square, has came back to earth after its recent orbit to the moon.
After a parabolic uptrend, key levels to watch for are an 80% retrace. Which happens to line up near the fib line.
I'd expect an accumulation phase to take a while.
SQ is a good stock to own during times of high inflation.
Thanks for reading!
t00 eZBest opp. to double your money on underlying.
Confirmed breakout and retest of old resistance for support.
Initial target 77, next target 90. Above 90 and it can get interesting.
Discount under 66.
SQ double bottom breakinverse chart looking for double bottom to break 64.30, potential entries anticipating this break or to continue the break.
$SQ Channel Breakout Test$SQ attempting a breakout of channel, we will have to see over the next few trading sessions if it will hold or break back down into the channel. My guess would be it will break back down if we look back towards the last few attempts, but upside could be quick and violent if it finally comes.
The Trend is Your Friend.
my position is 1 option contract - July 29 $78 strike ($1.44)
Possible pullback into larger bounceHello all,
I'm currently watching SQ as a swing long on a potential pullback into the end of the week to benefit from a potential market bounce that I've been anticipating into the end of July; I think we are repeating patterns across the board that we made in the lead-up to the march fakeout Rally- made a rectangle around where I suspect we are in said lead-up. Not everything will be 1 for 1, of course, but my convictions through July are that we go higher before the market eventually makes the next leg lower. Best of luck all!
SQ DOWNTREND FLAGNYSE:SQ
inverse chart
anticipating higher low, and break of pivots (62.32, 61.03, 59.08)
$SQ D$SQ D, falling wedge setup. If we do get a breakout target around 129/130 for full measured move. If busted then look back and see any possible support below for short target. $PYPL similarly
Square will mirror the short term bounce in BTC up to 20%Square owns a large amount of BTC. The BTC short term relief rally could possibly drive Square up by 20% as well.
In addition we have a cup and handle pattern in the making in 1h chart.
Also, a positive divergence on RSI as well
SL : confirmed close below 58$ nullifies this thesis
Target 1 : 68.40$
Target 2 : 71.80$
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