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BLOCK INC

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SQ3 trade ideas

SQ - Rising Trend [MIDTERM]- SQ is in a rising trend channel in the medium long term. - SQ is moving within a rectangle formation between support at 44 and resistance at 90. - A decisive break through one of these levels indicates the new direction for the stock. - The price has reacted back after the break of the double bottom formation. - There is support around 71.5, which now indicates good buying opportunities. - An established break through this support will neutralize the positive signal. - SQ has marginally broken up through resistance at 71.5. - SQ is overall assessed as technically positive for the medium long term.
NYSE:SQLong
by wavepoint99
2
Journaling the successful trade on SQEven dough the trade was amazing , there is always room for improvement. Here is what i learnd 1.if the markets (indexes) are green at closing, it doesn't mean there will not be a pull back, which can effect your trading position. and vice versa. 2. if you miss your entry, and the trade is going in the direction you calculated, use your trend lines for a entry. 3. be sure its and nice set up on the candle sticks that favors your direction, after the touch of the trend line. 4. be sure to chart down on with your analysis.
NYSE:SQ
by HelloUs
Block (SQ) May do a Quick Run Up.Block (SQ) Long Position Trading Thesis By.Corey Buyers Level Long 77.41 74.71 71.79 69.16 Selling Level 84.00 1.The trading conditions of the Index Dowjones +387.40 (1.17%)today 4,045.64 +64.29 (1.61%)today Nasdaq 11,689.01 +226.02 (1.97%)today Square Earnings 2.Cash App Gross Profits Q4 848m up 64% Square 801m Gross Profits Q4 up 22% Bitcoin Rev Q4 1.83b revenue down 6% Square (SQ) Press 3/2/23 TBD, the bitcoin-focused division of Block SQ, said Thursday it will tap Block's bitcoin BTCUSD reserves to make the Lightning Network more reliable for all users, according to a release viewed by Seeking Alpha.
NYSE:SQLong
by HelloUs
Block: Playing Tag 🙃“You’re it!” Block calls, tapping on the magenta-colored zone and taking off. The share seems to be playing tag and has just caught the magenta-colored zone, finishing wave ii in magenta with one impulsive downwards spike. Next, the course should seek shelter above the resistance at $94.87, thus gaining further upwards momentum. However, there is a 32% chance for Block to lose its drive and to drop below the support at $69.16. In that case, the course should develop wave alt.ii in magenta first before heading southwards, abiding above the support at $51.16 along the way.
NYSE:SQ
by MarketIntel
Has Block Bottomed?Block was a prominent growth stock before and during the pandemic. Like most companies of that type, it fell sharply between late-2021 and late-2022 as interest rates rose. But now it may be showing signs of bottoming and potentially turning higher. The first pattern on today’s chart is last November’s high of $75.77. SQ broke above that level in late January and held it this week. Has old resistance become new support? Second, the 50-day simple moving average (SMA) is back above the 200-day SMA for the first time in over a year. That kind of “golden cross” may suggest the longer-term uptrend has grown more bullish. Third, the lower study features our 2 MA Ratio custom script. It uses the default settings of the 8- and 21-day exponential moving averages (EMAs). Notice how the fast EMA remained above the slower EMA during the latest pullback. Finally, SQ jumped on November 4 after earnings and revenue beat estimates. That may keep traders focused on the fintech with the next set of numbers due after the closing bell this coming Thursday, February 23. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Editors' picks
NYSE:SQ
by TradeStation
5
SQ - Update - Potential ReversalSQ has been holding a downtrend for quite some time now; with buyers stepping in heading into earnings, we could see a nice bullish reversal coming and a breakout of the downtrend. Square's holding a massive falling wedge on the weekly timeframe, accompanied by some bullish hidden divergence on the RSI, Bollinger bands squeezing, and a huge bullish cypher harmonic pattern. Additionally, an inverse head and shoulders has formed on the 4-Hour timeframe (See Attached Charts Below). Similarly, on the daily timeframe, SQ is within a symmetrical triangle with some bullish hidden divergence on the RSI and a bullish Gartley harmonic pattern. Bullish and will be watching closely for a breakout from this wedge and triangle as buyers continue to step in (broader market conditions & earnings permitting)- Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime. **See Below for Price Targets, Weekly Timeframe, and Previous Charts** PT1- $73.87 PT2- $78.82 PT3- $81.03 PT4- $86.76+ --Weekly Timeframe-- - Falling Wedge - Bullish Harmonic Formed on the Daily & Weekly Timeframes - Bollinger Bands Squeezing --4-Hour Timeframe-- - Inverse Head and Shoulders - Bullish Hidden Divergence on the RSI
NYSE:SQLong
by jacobosiason7
3
Cup I do not see a clear handle for this cup just yet. This is not to long entry level yet which is a level that clears resistance of the left side of this pattern. If one is not already in this security, it can be advisable to wait for this level to be reached. A handle for the cup is an area of consolidation that forms a support level. Earnings are 2-23 and analysts are mixed on expectations. Short interest is around 5.27%. No recommendation. “Things may come to those who wait, but only the things left by those who hustle.” (o:
NYSE:SQ
by lauralea