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Block, Inc.

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SQ trade ideas

High Five Setup Alert on Block $SQ !! 84% Upside!🔥 Square ( NYSE:SQ ) Ready to Skyrocket! 84% Upside! 🚀 I posted this earlier, but a couple of people requested a video analysis on Square (BLOCK), so here it is; enjoy! 📢 High Five Setup Alert on Block ( NYSE:SQ )! My H5 Indicator is flashing green, signaling a prime opportunity to take a position in SQ! Key Highlights: Bullish Breakout: We’ve broken out of the Bullish Falling Wedge pattern and successfully retested. Volume Ignition: Launching off the volume shelf with a volume gap to fill, setting up for a powerful move. 📈 Price Targets: Primary Target: $149 Main Move Target: $162 This setup is primed for action! Will you be adding SQ to your watchlist? Stay tuned for more insights! 👍 Like | Follow | Share 👍 Stay updated with weekly trade ideas using my HIGH-FIVE SETUP trading strategy. Don’t miss out on the next big move!
NYSE:SQLong
by RonnieV29
4
BLOCK INC $SQ #SQ Inverse head and shoulders could see $200In the fast-paced trading scene, the inverse head-and-shoulders pattern is a key sign for spotting bullish reversals. This pattern features three distinct dips: a lower "head" nestled between two higher "shoulders." When the price breaks above the "neckline," it hints at a possible change from a downtrend to an uptrend. Traders usually jump in at this breakout point, placing stop-loss orders just below the right shoulder. They also rely on technical indicators like moving averages, the Relative Strength Index (RSI), and the Moving Average Convergence Divergence (MACD) for extra confirmation, creating a well-rounded strategy to seize these trading chances. Key Takeaways The inverse head and shoulders pattern is just the upside-down version of the regular head and shoulders. It can help forecast reversals during downtrends. Once this pattern is complete, it indicates a bull market ahead. Investors often take a long position when the price surpasses the neckline resistance.
NYSE:SQLong
by BallaJi
Stock: SQ Weekly Long Opportunity – Head and Shoulders with RDOverview: This weekly chart for Block, Inc. presents a high-potential buy opportunity. A well-defined Head and Shoulders pattern is forming, indicating a likely trend reversal. I’m waiting for a confirmed breakout above the Neckline for entry. Technical Insights: The MACD shows regular bullish divergence, reinforcing the setup's reliability. Additionally, with the price positioned above the 200 MA, bullish momentum is even stronger, increasing the probability of a sustained move upward. Targets & Risk Management: 🎯 Take Profit 1: $130 🎯 Take Profit 2: $195 🔒 Stop Loss: Set just below the Right Shoulder 📈 Pattern: Head and Shoulders 💥 Confirmation: Entry on breakout above the neckline 📊 Divergence: Regular bullish divergence on MACD, signaling a potential trend reversal 📐 200 MA Support: Price is trading above the 200 MA, adding strength to this bullish setup This combination of pattern, divergence, and moving average support makes this trade an excellent opportunity. 🚀
NYSE:SQLong
by SRA_Trades
Has Block Bottomed?Block ran dramatically during the pandemic. Now, following a long rest, some traders may see upside potential. The first pattern on today’s chart is the series of lower highs between March and August. SQ has pushed above this resistance in the last month, which could suggest its downtrend is broken. Second you have the low in June, a lower low in August and a higher low in September. That kind of basing pattern may also be consistent with bottoming. Third, Jack Dorsey’s fintech is pushing above its 200-day simple moving average. However, it remains well below its 52-week low. Is there space to the upside? Finally, we turn to a longer-term chart with two-week candles. Earnings in the trailing four quarters (TTM) are plotted in the lower study. Notice how the most recent numbers exceed the previous high in June 2021. Also consider that SQ is down about two-thirds from its price at the time. That could make some investors make a potential value argument. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. 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 or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:SQ
by TradeStation
$SQ Breakout Possible SQ looks to be about to start a new leg up if it can breakout of its wedge. Sq had a clean close above resistance with increased volume on 10/10/24. It experienced an inside day on 10/11/24 with still elevated relative volume from the prior days break out. Sq rejected at the top of the wedge but did not really show any slowdown of buying just an absorption of some selling as the prior days lows were not breached. The inside day on the11th appears to be a rest day looking for continuation and a breakout out the wedge targeting 72 and 74 dollars. The next area where the stock can potentially meet supply if it does continue on its newly started uptrend would be 79.82 (rounded to 80) then 87.52, the current yearly highs, and the 89.97 which is the prior years highs. Trade Safe Every1! @T.w.i.n.e.y
NYSE:SQLong
by twiney
Square SQ CallsCurrently Sq started a downward channel on September 19. It then continued in that channel until October 2, with a low of 63.95. This low was the head of the Inverted head and shoulder pattern. created on the dates of 10/1/24 , 10/2/24 and 10/3/24. The head and right shoulder was the beginning of the support of a secondary uptrend which is also trading in a channel. This Channel has now created the ascending triangle pattern and has lead us into a key area of 67.00. I think we have some nice potential to the upside after a pullback to the 9EMA on the hourly with a bullish candle pattern for a entry.
NYSE:SQLong
by HelloUs