1SQ trade ideas
price action into its earningone boss who has managed two different companies in two different sectors is doing soul-searching to find new market in Africa.
Buy $SQ$SQ had a healthy pull-back, meanwhile the uptrend still looks bullish. we hit the 31.8% fib retracement to set in what looks like a wave 4, so lots of momentum clearly. Wave 5 PT $270 (on chart). I'd play carefully on this chart, and wait for a close above the 12ema for confirmation.
these are just my ideas, and not trading advice.
SQ slight pullback; continuation to the upside NVDA, MARA, RIOT, over +5x
Cashapp one of the largest btc userbase
Looks like TWLO..
Looking for a short-term pullbackHoping to add to my position at around 230 in the near future. Possibly a pullback due to earnings, wouldn't mind seeing this one consolidating at around the 240-250 levels for a bit. However the bitcoin hype keeps pushing this stock with it, and we might not see as much of a pullback as I would hope.
$SQ TK cross over bullish cloud$SQ square has made a bullish TK cross over the cloud. Heikin Ashi continue to make strong highs. Trending toward short term PT of $300
TK CROSS OVER CLOUD
BULLISH GREEN CLOUD
TRAILING LINE OVER PRICE ACTION
$PT 300
Long | SQNYSE:SQ
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%.
Call options, strike price 270$, 26 Feb
SQ: The Morning Doji StarHey all! Decided to post something a little more educational rather than the same old chart. This post will cover the morning doji star along with how I'm playing SQ for the coming 3 weeks.
The Morning Doji Star:
A morning star pattern is a 3 candle bullish reversal pattern that occurs at the end of a downtrend (market bottom)
It is made up of a long red candlestick, a small doji candlestick (can be either a small red or green candlestick) that gaps below the close of the previous candlestick
It is followed by a long white candlestick
The first red candlestick confirms that the decline remains in force and selling dominates. When the second candlestick gaps down, it provides further evidence of selling pressure. However, the decline ceases or slows significantly after the gap and a small candlestick forms. The small candlestick indicates indecision and a possible reversal of trend. If the small candlestick is a doji, the chances of a reversal increase. The third long green candlestick provides bullish confirmation of the reversal, especially on high volume.
My Rationale:
After observing the morning doji star on the daily chart I'm confident that SQ will retest 227 and potentially retest the ATH of 243--maybe set fresh highs as we approach earnings. Further confirmation can be found on the weekly chart as seen below:
On the weekly chart we can see yet another bullish reversal pattern, this time a hammer off the 25ema. This was all the confirmation I needed that allowed me to make a risky yet confident choice.
My Play:
I started a small position in February 19 240c with an average cost of $4.80, I plan to add 3 more times before next Wednesday. My trimming targets are:
trim 1: 225
trim 2: 227
trim 3: 235
trim 4: 243
If I see signs of weakness or selling below 215 I might take the loss, but I will need to make that decision once the time comes after February 3.
As always I hope y'all enjoyed! Don't forget to leave me a like and a comment :)
idea on sqsolid move upwards, took out prior resistance, now support. on top of channel with mf overbought, expect a pullback then resume
Love This Stock BUT?Weekly Chart...
Bearish divergence on RSI. This may go up forever. But if not, possible fib levels it may fall to on a pull back. The .236 is not really a substantial pull back but who knows?
Just an observation and not any recommendations
Greed usually wins, eventually. Someone will sell....
First Green-Day, Wednesday 2/10?$sq is forming a strong wedge near its 52-week high. Plausible breakout and pushing resistance of 265.
