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SQ3 trade ideas

Comparative analysis of the ratio of BTC and BLOK sharesLogarithm. Time frame 1 week. Major trend. Comparison. Correlation. Divergence. Correlation. Money spillover. 1) Bitcoin's main trend. 2) The main trend of the stock giant BLOK (originally a direct correlation with bitcoin). Block (until December 1, 2021—Square, Inc.) is an American technology company that develops solutions for accepting and processing electronic payments. Block was founded by Jack Dorsey and Jim McKelway in February 2009. That is, when bitcoin was “created” as a means of payment. In November 2015, the company held an IPO. As of 2021, Block has a market capitalization of over $100 billion . Shares BLOK Time frame 1 week
NYSE:SQ
by SpartaBTC
38
Block: In the starting blocks… 👟Block hast just finished wave B in turquoise and is in the starting blocks to take off. Soon, the share should gain enough upwards momentum to make it above the resistance at $89.97 and even further from there. However, there is a 39% chance that Block could break away and slip below the support at $51.16. In that case, the share should develop a new low in the form of wave alt.2 in green first before heading upwards. This new low would then be located in the magenta-colored zone between $40.97 and $19.12.
NYSE:SQ
by MarketIntel
Sq This could be a long stretch. We discussed this pattern a month back or so but it didn’t progress as fast as I hoped. Now we have earning tomrorow. Market def reacted pretty badly to the fact of no rate hike pauses. THis could be the signal for a more bearish sentiment to progress however apple earnings are also tomrorow. There should be some serious market moving potentials after there report. This could go either way on SQ Howver it is on some pretty serious supportZ. I did take may 12th 67 calls that I started buying yeateday and this morning. Cost around 54$ at time of purchase. If we can bleed tomrorow into earnings I would buy more below 60$. Obvisouly it’s hard to say how it’ll turn out for SQ but the chart hasn’t been pretty. It’s been lagging and it is at the low end of the range so a few dollar pop could make sence. Mabey earning is exactly what this stock needs to get the push off the low of this range. I’m goin in with long bias but of course the safer play would be to wait it out till after earnings and give the stock a bit more time to figure out it’s next move. My main target is 70$ but if this range wants to get back towards the top 82$ is the higher end of it. Good luck trade safe and use risk management. If we do break the range next key support is 50-51.70$
NYSE:SQLong
by Erictaylor
SQ Block Options Ahead of EarningsIf you haven`t sold SQ Block here: Then I think you already know that the company is accused of fraud! Now analyzing the options chain of SQ Block prior to the earnings report this week, I would consider purchasing the 59usd strike price Puts with an expiration date of 2023-5-19, for a premium of approximately $2.71. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. I am interested to hear your thoughts on this strategy.
NYSE:SQShort
by TopgOptions
Sq Looking bullish AF. Larger inverse head and shoulders on weekly and on 4 hour we have a downtrendinf to channel that broke with a fake breakdown and ripped back into it. We haven’t reached the upper reostanxe of it but curently have a bull pennant inside that channel. Lower support was formed today and upper reistance around 69.30. If we break above that and hold we an target 72.50-73 and a break and close above tjat targets the key reistance and final reistance of inverse head and shoulders neckline around 90$ Lower support of curent bull pennat is 65 20 which we basically bounce off today. I went long here looking to play this into 72.50
NYSE:SQLong
by Erictaylor
Watchlist 2023-03-27 $SPY $KRE $SQ $NVS $VMWSPY - showing continued strength this morning after and impressive rally on a few steady buy programs on Friday. Next resistance is the very key 200 EMA at 399, 400, and pivot high of 402.50. Remember, for a trend day we'll need to see the $ADD pinned near +\-2000 and $VOLD ratio over +/- 3 and $TICK cumulating past 0 wicking to +/-900. Banks: News of a buyout deal for Silicon Valley Bank's are giving strength to the banking sector stress to kick off the new week. $KRE - although the banking news is positive, not a ton of favorable setups at the moment in the banks. KRE ETF is gapping back to retest the High vol node after the daily pennant break. $KEY - has the best looking setup if it can hold 12.90 for follow through to the key pivot of 13.68 - but the RVOL at the moment is only 0.3. For the reason, looking for support test at 12 for confirmation higher. For KRE - support at 44. Other watches: $SQ - Block formed a tight range between 61.50 and 59, inflection ant 60, now breaking up for an inside bar play. The simplest approach for a bullish inside bar BO would be to wait for a break and now retest of 61.50. This is valid as long even if we get below but hold inflection of 60 after the open, entry would be continuation over 61.50, first target 63, then 65.50. $NVS - shares jump after positive result from breast-cancer drug trial - could mean increased rev of up to 2-4%. Although this is god news, gapping 4.5 ATRs into key res of 90 is a fade opportunity IF we see clear sellers at this level and a flush down. Other watches: $VMW - gap and go support at 121 after a beautiful BO.
NYSE:SQ
by UnclePennybagss
Watchlist 2023-03-24 $SPY $TQQQ $SQQQ $KRE $SQ $SCSSPY - gapping down for some follow through to end yesterdays completed reversal. I was expecting a bounce back to around 395 area, then move lower, but once we got to 395, held, and the $TICK was holding +900, $ADD line was pinned at 1800, I knew we weren't done with the rally. Anyways that was certainly a wild close. Perhaps the 395 area will act as some resistance before moving even lower. If we can't get above 391 early on, expect the move to continue to the downside, 388.50, then 386 if it can't hold that. For a trend day we'll need to see the $ADD pinned near +\-2000 and $VOLD ratio over +/- 3 and $TICK cumulating below 0 wicking to -900. Again, focusing on the market today as it's very much in play and there is potential for a trend day $SQQQ, $TQQQ $KRE - potential for some follow through past the 42 support if SPY weakness continues, as it been showing incredible relative weakness. Other watches: $SQ - Block fighting back against the short-seller Hindenburg report as “factually inaccurate” and “misleading.” Keeping this on radar. IT will likely stay within the PD range today so looking to fade the extremes of the channel. $SCS -did exactly what was in our game plan yesterday - did fall right back to the support line with I'll admit I didn't think it would have the much follow through. If it can hold the key 7.50 area, could see some follow through to the upside.
NYSE:SQ
by UnclePennybagss
SqAs sq remains in its consildation we just had a big short report that came out on sq causing a big drop premarket. Hienstly this is speculation but this type of setup at the bottom of the market trend is exactly how a bottom is formed. Sq could potentially be starting to build an inverse head and shoulders. How to play the pattern? You can front run the final build of the right shoulder if you see volume come in in cominf weeks around the right shoulder low, and enter with stops below the head. Another more safe way is to wait for a blast through the neckline and wait patiently for the pull back retest of that previous reistance as new support. Either way this is speculation and for now this range is 50-88.75 so a break and close above 89 is a breakout which will be down the road now if we decide to play this pattern out. I’m being patient no active postion. I will post again if I notice over coming weeks if this idea is forming
NYSE:SQ
by Erictaylor