SQ will test $300 after their ER. $350 by EOYPerfect setup to test $300 after their ER. $350 PT by EOY.
SQ3 trade ideas
SQ Top Of Channel Resistance Bounce - Going ShortUsing RSI and the upper/lower channel bounds for SQ indicates a pullback occurring in the near future , my timeframe is 1-2 weeks. SQ is not going to maintain these elevated levels for long, and will soon revert to the mean.
SQ LongSQ is an earnings & breakout play. Although price is at upper end of the channel, I feel the coming earnings will be a strong one because of COVID and holiday season. I am keeping a tight stop loss on this ticker but optimistic of the breakout closer to earnings.
SQ will run to new ATH after the Q4 ERHeading to upward trendline within the channel. Expecting a clean breakout with volume after the Q4 ER
SQ wave 5 in play (updated)after a nice wave 4 retracement, square is looking strong for wave 5
not financial advice
SQ: UpdateStill in, trimmed on Friday open at $8 from my average of $4.9
Looking for 222, 227 and 236 as key breakouts
SQ -- where do we go from here?SQ had a pretty wild day today. Started off by lagging the market and all of a sudden it just goes on a near ~3% tear to the upside. Was definitley concerned at first that SQ was lagging the market but it was nice to see it continue some green movement. Fundamentally SQ just has had a phenomenal week for its company-- how you may ask? GME! When all the robinhooders had no where to go to buy meme stocks cashapp was right there to shelter them. The number of new users was crazy plenty of articles published today won't bother repeating but the numbers were super impressive. Hell most people didn't even know you could buy a stock on cashapp.
Onto the technicals. On the daily 1 signal we got was a cross over the 50 rsi which could signal the start of a new bullish trend. We still need confirmation of course but still a sign tides could be turning to the bull side. On the 1 hr the key level I am watching is 200 MA. This is a key level for SQ. It found perfect resistance on it last week and if you look at the chart it's a pretty strong indicator as to what direction SQ is heading based on whether it breaks below or above. If we break that level we could definitely see a test of ATH and a start of a new bullish trend.
Best of luck
Ride the Wave - UptrendHi friends, Square is another strong up-trending stock thus we need to buy the dips to ride the wave. This is a short term analysis focused on the 1 hr chart wherein we see a break of the downtrending line. I expect Square to run to the immediate resistance around $225 then probably consolidate for a bit ($209 level should hold) before breaking the resistance and running towards the next target around $237.
Please share your thoughts and ensure proper money management. Thanks for the support!
$SQ will it find support?ago
$SQ reaching key support levels:
- trendline originating from march
- previous bottom 29DEC.
4h RSI reaching oversold region. Has been this low only 2 times last 10 months.
Daily, around 40 .
If this support holds, we're in for a nice reversal.
If not it will most certainly test and bounce on 200 level & regain the trendline. (as it did at the end of october/beginning november)
I'm Bearish SQThis is just my own personal opinion
Feeling bearish on SQ. Had a huge gap up on thursday 1/28. Looking to play a retracement back down to $200. RSI is also pointing a step down. Low volume.
This is just my own personal opinion. Posted as a note to self. Please do your own research and go with what you think is best.
Target $200. Stop $225
SQ up to $300 Price Target - parallel channelFintech is in for 2021 going forward. We've charted a strong uptrend in a parallel channel. The recent dip has been a perfect buying opportunity for new entrants. Price Target for late-April/early May - $300
Buying Opportunity. Targets: $246, $284Greetings Investors,
I'm bullish on SQ , based on the following:
1. Price has retraced to a key-level of support around $210, which is also the 38% FIBO of the annual uptrend. I expect price to bounce upward from this level toward resistance at $246, which is the first target.
2. Price has retraced between the Monthly (blue line) and Quarterly (orange line) EMA, which is a classic buying zone setup.
3. Volume as decreased alongside price, which I interpret as bullish consolidation.
4. If price breaks through resistance with strong volume, second target is $284.
5. RSI (43) is decreasing, which I posit that SQ has explosive future potential (momentum).
Strategy:
1. Consider the $250C (19 Feb). If SQ retests resistance within the next few weeks, the premium for this option will increase significantly. (BUY LOW, SELL HIGH)
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
