SQ consolidation faze 🔭downtrend broke, now in accumulation/consolidation faze, patiently waiting for break of 90.. after that we may go into rally mode!
boost and follow for more, thanks ❤
SQ3 trade ideas
BUY SQ BUYING SQ.
Should see some good returns short term then make the decision to hold into earnings.
SQ230630C00068000 and SQ230818C00075000
Block Inc Long IdeaNYSE:SQ followed 102 Day Bearish trend, which was reversed 35 days ago with bullish divergences and increasing bullish volume. Since then, the trend is following a parallel channel. A trendline break out of this bullish run was confirmed 19 days ago.
Trade Plan with 2 Entry Points
Risky Entry
Entry @ 66.60
TP @ 71.78
SL @ 63.27
Risk = 0.5%
RRR = 1.56
Optimal Entry
Entry @ 65.18
TP @ 71.78
SL @ 63.27
Risk = 0.5%
RRR = 3.59
Since the stock is favored fundamentally, taking partials at the TP level is advisable, and letting the trade run with training SL using ATR with the multiple of 1.5.
SQ bullish channelSimply based on HH and HL forming a bullish channel
Can be a road to recovery for the recent high peak of $90
Entry can be @ 75+ to be on safe side where Fib golden pocket is
or if there is momentum then
Entry @CMP or 70
SL @ 60
TP 1 @ 72
TP 2 @ 90
$SQ drawing head and shouldersNYSE:SQ ::62->130::100%::3 months
Huge potential for the summer.
Does not constitute a recommendation
#investing #stocks #idea #forecast #furoreggs
SQ will pumpSQ broke above the downsloping resistance and now it's ready to pump higher.
Long now or buy the dips if it dips into the buy zone.
Targets: 91$ , 144$
SQ breakout trendline with reverse head and shoulder patternSQ breakout trendline with reverse head and shoulder pattern
$SQ accumulating power to go up?Although fintech giant Square, Inc has rebranded itself into Block, Inc to tune towards blockchain payment, that didnt stop the price from further plunging
After one and a half year, price seems to have been ranging and squeezing for next move.
Whether it coils toward regaining lost price or to drop further, it is hard to tell now
Personally, i am prone to higher chance of going up
Still i do not rule out if price drops further to around 34.6 to make the actual bottom
*Not Buy or Sell call
Time to Squre upHello everyone,
Block got left behind in the recent Fintec bull-run. In my opinion, it is hugely misspriced as it is not yet in the eyes of wallstreet, but given that it is sitting on the support levels, the company is expecting profitability by the end of the year and over-all the great health of the company, this really gives us a nice set-up.
The Stop-loss would be below $45.
Take-profit 1 would be $72 with the closure of the gap.
Take-profit 2 would be $90 at the top of the channel.
Given the bullish stance on the market on all growth companies, most of the trades are working nicely from the support set-ups.
Good luck to all!
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
Block tends to be bullish in JuneBased on 31 Wall Street analysts offering 12 month price targets for Block in the last 3 months. The average price target is $89.78 with a high forecast of $130.00 and a low forecast of $63.00. The average price target represents a 45.13% change from the last price of $61.86.
SQ: Inverted Head and Shoulders and Bullish Bat at 0.886 RetraceSquare is currently trading at the macro 88.6% Fibonacci Retrace and has formed a Bullish Bat on the Daily all while forming an Inverted Head and Shoulders Pattern and now we are looking to see if we can break back above the 88.6% Retrace and challenge the neckline; if we do then I wouldn't be surprised to see it rally back up to where it dumped from originally.
Set to move up?Broke trend of lower highs on daily chart, above key Dec 22/Jan 23 pivot, back above lower support trend line that originated in Oct 2022, and breaking above overhead trend line resistance that started in Mar 2023. Possible long to fill the gap? Your thoughts?
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 $19.12.
Sq This could be a long stretch. We discussed this pattern a month back or so but it didn’t progress as fast as I hoped. Now we have earning tomrorow. Market def reacted pretty badly to the fact of no rate hike pauses. THis could be the signal for a more bearish sentiment to progress however apple earnings are also tomrorow. There should be some serious market moving potentials after there report. This could go either way on SQ Howver it is on some pretty serious supportZ.
I did take may 12th 67 calls that I started buying yeateday and this morning. Cost around 54$ 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$
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.
SQ longBlock, Inc. is an American multinational technology conglomerate founded in 2009 by Jack Dorsey and Jim McKelvey and launched its first platform in 2010.
SQ: Buy ideaBuy idea on SQ as you see on the chart after the breakout of the resistance line and vwap.Thanks!
It’s gonna fly out the windowNo telling how many times this stock will trade sideways. My prediction for this evening is gravitating to 81 per share.
This is merely a prediction of a dream. Dreams never annotate or fulfill in real life does it ?
I’m going long on this one myself.
Peace and love
$SQ - side way consolidation - bearish below $55NYSE:SQ is in side way consolidation now. Breaking below HKEX:55 would be bearish. 👀ing.
