SQ3 trade ideas
$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
$SQ LongSQ is setting up on all timeframes for the next leg of this tour. if it rejects take it short, if it breaks the ascending triangle north... hop on
Short $SQIt reached to top line of channel with negative diverging RSI. Some pullback is more healthy IMO
$SQ Bearish Trade PlanGreen Line - Entry Target
Red Line - Exit Target
Pink Line - Stop-Loss
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Square Sell Retracement IncomingHello Traders,
SQ is currently losing momentum on the Money Flow indicator and is also showing signs of bearish divergence on the RSI.
SQ is currently testing 214 as a key resistance level.
Its moving away from VWAP with declining volume before the close.
I will be watching to see how it reacts at market open.
If it gaps up I will wait to see if it drops below 214 for a sell.
If it gaps down I will watch how it reacts to the 209 level as there is a gap to fill below at 204.
Share your thoughts with me! I am still bullish longterm for SQ but want to watch this move if it presents itself.
*I am not a financial advisor and all investments you take on require risk. Charts are for educational purposes only.
SQ still running but watch Square has been doing great recently, but keep in mind that there’s a really strong resistance that it just surpassed and there might be room for a pullback since it is entering the overbought territory.
SQ Breakout PT 215NYSE:SQ SQ breakout on huge volume. The potential target is 215 using a measure move. Could be bought on a little pullback where Stop loss 186.
SQ updateOne of my favourite companies to date, I love both the chart and the fundamentals. Square has so much more leg room to grow especially with their cash app.
1d chart:
So, the chart is looking really juicy and resilient to all that market volatility the last 6 weeks. I know SQ bounces up and down 5-10% (sometimes) however, on the daily & weekly chart we can see a really nice uptrend over the last year. Momentum is really good as we approach new highs, and the short interest is reducing while the buying strength is increasing -- all very bullish signs. Not to mention rising volume over the last 3 days.
Looking at the green arrows I noticed some repetition with a breakout from a (slightly) descending triangle, leading to an all time high.
EOY price target: $222
SQ Trading Near Top of ChannelSquare might be due for a pullback to ~$170 (0.236 Fibbonacci level & channel support line).
- An extended bearish RSI divergence forming on day chart.
- Trading near top line of resistance and above upper Bollinger band (2 standard deviations from 20 moving average).
SQ path to new all time highsSquare had a nice run last week and was few cents away from the all time highs after earning pop. Expect price to break through the overhead resistance and keep pushing for new all time highs for days or possibly weeks
SQ outlook; help plsHi, am a new trader and new to chart patterns etc. anyone want to let me know what they think about this simple analysis of square?
price as of last close testing resistance at 195, if it breaks through as it may appear is happening, it could find resistance at around 210 which may see a reversal and test support at 195. if it breaks below support at 195, i can see it hitting 175-180 which is a buy point; this is ofcourse unless it breaks through 210 at the top of the long term trend line which could send it flying
bitcoin can definitely be supporting the recent surge of this stock
SQ showing strength. Showing relative strength. Will see how it continues to hold up if the market continues to pull back. Hopefully price continues to get tight.
SQ Round UpSQ is forming a rounding formation and above its moving averages. Looking for this to continue its rounding trend back to the top of the range at 200. The nearest 13ema (exponential moving average) will act as support
