SQ LONGWe are seeing Wyckoff accumulation forming,
expectation that it will succeed and reach the upper line.
SL below 54.5
Target 90
SQ trade ideas
$SQ Do we see a BO?Daily TF
Looks like iH&S has formed.
I am curious if we BO of this downward channel
123 Moon itsquare so bulllish frfr ong
inverse head and shoulder sitting on a double bottom after a big rug
lfg
$SQ - RejectedNYSE:SQ was rejected from the trendline, and now the support has broken. This is one of the reasons why you wait for confirmation before taking a position. Previous setup and targets are invalidated. 👀ing for now. If it drops to $52 to $50 gap close area, I would be interested in taking a position.
$SQ - Can it breakout?Block is another company that is up against the upper trendline of the channel. The measured move for a breakout is $80. However, it will have to break through the VWAP and 200DMA combined resistance around the $68 to $70 area.
Targets:
$71
$75
$80
Support:
$62 - $60
As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.
Block: Let's go!In Block's chart, we now consider the low of the turquoise-colored wave 2 to be in place. The same-colored wave 3 should now carry the price out of the magenta Target Zone and above the resistance at $87.19. Only our 30% probable alternative scenario calls a deeper correction low.
Block Inc Stock Price & AnalysisWithin a 100K Account Balance the split on Trade & Risk Management = 1/10% - 1/20% margin as an Execution Range, to set up an Order Entry and select a per Trade on Average, to avoid any drawdown hit regarding to Stop Loss & to execute Risk on Management Specifics. Trail Stop efforts are a Focus of Attention to the set up in general when Volatile-Price-Action is involved, mainly because of the usage of an Intraday-Scalp-Position tool on behalf on the Trade Plan in general
Key indicators on Trade Set Up in general
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
Earnings Trends
SQ reported 2nd qtr 2024 earnings of $0.93 per share on 8/1/24. This beat the $0.84 consensus of the 31 analysts covering the company
Consistent Data
Shares Outstanding | 617.6M
Institutional Ownership | 70.78%
Market Cap | 38.4B
Top Shareholders
Institutions | 1,345 Holders
Mutual Funds | 1,721 Holders
Other Major Holders | 63 Holders
Conclusion | Trade Plan Execution & Risk Management on Demand
Block Inc Stock Price & Analysis: Overall Consensus | Buy
😎📦Building Blocks to Riches 💰😎 - AW™️Block lookin sexy AF. Bought shares today and will add more if this tries to shake people by the sideways.
Technicals :
Hagopian Line Support
50 Algo Target Acquired
Wave 4 Pattern
Initial Target: Mid 100s
✌️
Huge HSI'm shorting this. Earnings on 08/01. It could go anywhere but even if it pulls back up after earnings I thinks is going down. I have a small position, I'll add depending after earnings call if price shoots up.
BoringThe price is in a sideward range for more than 2 years now,. Insofar we should not expect to much now.
We have reached the bottom of the multiple resistance once again and might fluctuate a bit upward now. But one thing has changed: First time since May 2022 the cloud has turned bullish and we have reached its top what makes the support a bit harder.
Perhaps we may see a turnaround now. At least the downward risk is not large.
SQ Block Options Ahead of EarningsIf you haven`t sold SQ before the previous earnings:
Now analyzing the options chain and the chart patterns of SQ Block prior to the earnings report this week,
I would consider purchasing the 60usd strike price Puts with
an expiration date of 2024-8-16,
for a premium of approximately $3.72.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SQ BLOCK - LONG IDEA Block Inc. (SQ) has been showing strong business performance in 2024. In the first quarter, the company reported earnings per share (EPS) of $0.47, significantly surpassing the consensus estimate of $0.15. Their revenue for this period was $5.96 billion, which also exceeded expectations. The company is expected to report its next quarterly earnings on August 1, 2024. Overall, Block is experiencing robust growth and has seen an upward trend in both revenue and profitability this year
$SQ Triple BottomTriple bottom over last 10 months on Block. Headed for reversal or will we break down below support?? My bet is long
$SQ - Wants to move badly, consolidating hardThis is a confusing one for me. The 1 day chart looks bearish as usual, no great volume, actual down trend on the RSI, macd indifferent, all technical indicators say bear/mid.
But, that 4 hour chart, the Trend Meter and stochastics read bullish reversal. Did I just catch this thing before it popped?
Check out the 1 day chart divergence channels. It effectively closed out of that range the past 2 days, but B(E)ARELY.
Thinking the next few days will be a big indicator if we consolidate for another 1+ weeks or if this thing starts to move it's convergence to bullish.
Quick long setupLooks bullish. Long trade placed. But I don't risk to hold it through the earnings ....
SQ2.ASX: 16 July, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation).
Wave 2-grey has bottomed at the low of 92.50 and wave 3-grey is unfolding to push much higher.
Invalidation point: 92.50
SQ, preppin for MULTI-WEEKLY Price Growth! SQ recorded significant net buying / accumulation at the current range. Volume has surged 21% over its average numbers conveying buyers positioning in anticipation of technical and fundamental growth.
SQ has dramatically overextended its multi year correction from a peak at 283 back in August 2001, a pandemic era. Recent price movement is hinting of a trend reversal. The stock is sitting at a 1.0 FIB level, this is beyond bargain / discount already.
It is currently consolidating at a 4-year longstanding major support. This support range of 60-70 has been tested many times in the past and has proven its strength over and over. It is now currently bouncing off this range with precision.
Weekly descending trendline has been broken conveying an impending trend turnaround. Histogram has registered new higher lows -- buyers are persistent on taking the price higher from the present price base.
Fundamentally speaking, SQ last quarter earnings looks rosier than ever with EPS beating by 17.41% and a weighty $4.99B revenue, a 26% increase.
Spotted at 67.0
TAYOR
Safeguard capital always.
---------------------------------
FINANCIAL DATA REFERENCE:
Financials
Quarterly financials
MAR 2023
(USD) Mar 2023 Y/Y
Revenue 4.99B 25.99%
Net income -16.84M 91.75%
Diluted EPS -0.03 92.11%
Net profit margin -0.34% 93.41%
Operating income -6.17M 96.15%
Net change in cash 910.28M 133.09%
Cash on hand - -
Cost of revenue 3.26B 22.9%
Mar 2023EPS beat by 17.41%
EPS (USD)
Expected
0.34
Reported
0.40
Surprise
17.41%
$SQ isready to FlyNYSE:SQ is currently in an accumulation area.
Among all the stocks I’ve scanned forming a stage 1 base, this one has the best financials, prospects, product offering, and CEO.
While the fintech sector has struggled, I sense a rotation coming soon. Don’t miss out on the original CRYPTOCAP:BTC company founded by jack.
Other metrics you need to know about NYSE:SQ :
**Each month, NYSE:SQ will invest 10% of their gross profit from #Bitcoin products into $BTC.
**They are building the most powerful Bitcoin miner chips.
**They have many products with millions of users.
#SQ $SQ64.50 above breakout possible
trendline breakout possible
21 ema above close move will be strong
SQIn my opinion, this is the appropriate zone to buy, as price is most likely printing a right shoulder of an inverted HS pattern. Accumulating along WMA40 and will fly, no doubts.
Mind your risks and trade safe. Will appreciate your thoughts on this stock.
SQ - Looking for continued confirmations after our entryWe entered last week on my Entry Model 1 which was based off HTF sell-side tapering and a proof of that tapering by disproving our stronger selling algo (yellow). Once we did that, we confirmed the tapering algo and is why we're seeing the gap up after Friday's breakout.
Definitely time before we make our HTF breakout but we are now beginning the progression process on the HTF
Happy Trading :)
SQ Multi-Time Frame Detailed Analysis of dynamics & Trade EntryThis is what I love to do - Figure out the puzzle that is a stock chart. And when we make sense of it, we feel like we have the keys to the jungle. So now that we have the "foresight" we want to craft as detailed and mechanical of a system that we can to ensure to the most consistent extent that we get a good entry into a good position.
Obviously my brain is in charge of making decisions and actually telling the story that's ensuing - but the market is doing it without my brain which is why I know there is a way to "automate" this to flow with the market.
Every time I post a video for you all, it advances my knowledge and my ability to teach this to others and ultimately potentially an automated source.
Hope you all enjoy these videos - videos like these are not for everyone rather for people who are actually studying this form of analysis and trading - but there's still something to gain if you're new as I try to talk generally about a lot of these occurences.
Happy Trading :)
