SQ to $160 As price was moving higher in parallel with volume we could see SQ react around $160 and reject.
SQ3 trade ideas
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.
$SQ with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SQ after a Positive Under reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
$SQ #Block formerly known as SquareAs with many stocks, i Square plumeted and had a enourmous bull run, It has no fully retraced and made the former pandemic top a support. Long on this one!
$SQ trading it 3/7over 113 116-118.5 possible
under 105 99.5-102 possible
#intradayoptionstrading #daytrading
NO bias, plan for red or green day. chop/ranging = hand sitting
$SQ Curling$SQ looks like it's starting to curl up. It's oversold on the weekly and the MACD is getting closer to green. We may see a run back to the bottom of the channel to test support turned resistance at 192. If we break through the channel, we could see a test of 281.
SQstrong rejection of the level from a decent green candel . a pullback that might result in a second rejection and start of a new uptrend
SQ Forming Resistance SQ forming resistance around $125 and it does not break we can see a downtrend.
SQ: Could this be the beginning of a reversal?Hello traders and investors! Let’s see how SQ is doing today!
First, in the 1h chart, we see early signs of a bullish reversal going on. After earnings, it did a strong breakaway Gap, and it seems nothing can hold SQ anymore.
However, pullbacks are expected, and the 21 ema is our first support level, which is holding SQ nicely so far. What if we lose the 21 ema? Then the retracements are going to work as supports. The 38.2% ($ 113) is the most interesting to me, and I’ll explain why in a few moments.
Since SQ has too many support levels, it won’t be easy for the sellers, and we would need to see a clear bearish structure in order for it to hit the $ 80s again. So far, SQ seems fine.
In the daily chart, for the first time since November 2021 it is trading above the 21 ema, a very good sign, but we don’t see a clear bullish structure here. It would be great to see higher highs/lows, therefore, a pullback might create the opportunity for SQ to build a true reversal structure in the daily chart.
To me, the moment for a correction is ideal: We just hit the previous resistance at $ 130 area (red line), and since we are above the 21 ema in the daily chart, this indicator is now a support level for us. Coincidence or not, the 21 ema is at $ 113, the same price level of the 38.2% retracement in the 1h chart. This tells me the $ 113 is an interesting key point to watch from here.
What reinforces a bullish thesis is the volume. Yesterday it dropped with decreasing volume, meaning that there is no true sell pressure on it. Remember the Dow Theory 5th tenet: The volume must confirm the trend.
To me, SQ is about to do a reversal, but we must be careful, and always wait for confirmation, as we lack bullish structure in the daily chart. I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses!
SQStrong bounces the past few days but into resistance zone now. Hard to be bullish below $133 imo. Watching.
SQ - Back to pre-covid levelscatching a falling sword only brings hurt...no reason whatsoever to bottom fish at this level...if 100 is taken out, next level is way down.
If you are a believer (aka LT investor) you might want to dip your toes a little. There is a good support at 100 and structurally, company is not worse than what it was pre-covid.
$SQ Bottom & Breakout?$SQ has had a powerful move after earnings and seems as it has broken out.
Just my own thoughts.
SQ ,Buy the dip & enjoy Chart is illustrating every thing.four strong supports line clusterd near the price(0.786 fibonacci level+ weekly time frame static support line(demand area)+dynamic support line(the green one) and bottom of desend channel).on the other hand RSI is in oversold area in weaky time frame.
SQ Earnings IncomingSQ has been in an extremely strong downtrend. It is down nearly 70% from its highs and it has ridden the 10 ema/20 sma down to current levels. It started to form some semblance of support, possibly a falling wedge pattern. With earnings coming up, a large move is expected. I look to the chart for support and resistance levels. On the downside, the continuation target looks to be about $80-85. Below there, im interested in the low 60s. If we get an earnings surprise, I think a strong short squeeze could ensue and take SQ to 130 which is the next obvious resistance level. It also happens to be where the 50ma is currently sitting.
Ideally, I would like to be able to short the 20ma with a decent hedge on an earnings pop. It seems unlikely that I will get my wish before earnings so I will set up trades for post earnings. Stay tuned.
What to expect with SQ stock earnings reportBlock Inc (NYSE: SQ), the point-of-sale payment provider formerly known as Square, is reporting its Q4 2022 earnings this Thursday, February 24.
What to expect with SQ stock earnings report?
The usual market dynamic of ‘good report = stock price rise’ and ‘bad report = stock price fall’ may not be entirely appropriate to expect after the report’s release.
As we have seen over the past month, a favourable earnings report does not necessarily mean that the market will respond favourably in turn. For one, when Nvidia (NASDAQ: NVDA) reported its impressive Q4 2022 results on February 16, its stock proceeded to sell-off. As of writing, NVDA is down 12% since its earnings call as investors were all too happy to overlook its earnings beats and strong guidance for the next quarter.
On the flip side, an unfavourable report can sink SQ stock considerably more than at any time in the past. Investors have little patience for growth tech stocks at the moment, with US Federal Reserve rate hikes just around the corner and post-covid revenue surges seemingly coming to an end.
Will SQ suffer a similar fate to PYPL?
PayPal (NASDAQ: PYPL), a leading competitor of Block, reported its own Q4 2021 earnings report three weeks ago, on the first day in February this year. While PYPL beat earnings expectations, its dismal guidance for Q1 2022 has helped tank the stock price 46% in 2022, YTD.
As of writing, SQ is not far off PYPL’s shocking price retreat. SQ’s stock price has lost 40% of its value, YTD.
An unfavourable report may push this loss into the 50s or even the 60s. Tech stocks dropping more than 20% in a single trading day is not unheard of this year, as you may have seen Meta Platforms (NASDAQ: FB) trim 25% (USD 230 billion) from its market cap on February 3.
Is there a buying opportunity with SQ stock?
According to several investment banks and analysts, including Deutsche Bank, Credit Suisse, SeekingAlpa and MarketBeat, an even greater rout in the SQ’s share price may set investors up for a great long-term buying opportunity. SeekingAlpha and MarketBeat have price targets in the mid USD 200 range, which represent substantial upside potential.
Buy Block (SQ) at 92$-95$ to target 115$Buy Block at market (probably 92$-95$ range) than w8 some days to sell at 115$.
SQ coming into buy zoneSQ is undervalued and oversold. As long as the Nasdaq is weak it is likely to continue to drop. I might look to layer into a position between the macro .786 and the point of control of the lower range. Good investment for a five year hold.
Due for a bounce?We may see mid 80s before it bounces back. Watch out for earnings. March could be a bullish month. Dont miss it. Strong buy from 80-100 range for a good upcoming bounce!!!
