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SQ trade ideas

Inverse Head and ShouldersHead and shoulders top but SQ appears to have formed an inverse head and shoulders bottom. SQ pierced the neckline of the H&S top, but recovered after doing so. Head and shoulders have a high failure rate in a bull market or with a bullish stock. Long entry is above the neckline, 252.55, with an uptrend. The neckline can become support after price has broken through it. The best support I see right now is at between 243 and 244 at the prior small gap up and the other small gap up between 245 and 246. Head is at 191.36 Left Shoulder is 217. 40 Right shoulder is 202.10. The right shoulder is lower than the left which is not ideal, so do some research before trading this. SQ can be volatile so if you want to trade this, I would get a good long entry. Price can change a lot from one day to the next Possible stop below 227 or last pivot low. Not a recommendation Short interest is a bit over 8% depending on where you look. I look at short interest because shorties know the markets. I do know there are short squeezes that will push a stock up. I also know folks who go short usually know what they are doing, so you have to weight it out. Negative volume as well as volume has been high. Earnings 5-6 AMC. Could be risky but I guess everything is a risk (o: Good trading is not always about predicting the weather tomorrow, but sometimes just knowing it is raining today (o:
NYSE:SQ
by lauralea
2
Square Inc Tech AnalysisSquare Inc look very bullish and catching up the market after hard downtrend of March . Indicators: Obv W%r Average true range Ema 20/50/100 We have positive deviation in Obv , W%r have more room for buyers to pushing up if we break and average true range ( Atr) of 13.6 . Our supports level is 200$ on the bottom and ema 100/50/20 for the middle until now they act very good as well . Our resistance level is 241$ , Weekly resistance top . ema 20 is still below ema 50 , crossing above will trigger a uptrend and bigger chance to cross 241$ . Our Two first Target if we se cross above 241$ : T1 - 260$ T2 - 280$ Support : S1 - 229$ S2 - 221$ S3 - 200$ Trade range time : Two weeks * There is no buy / sell recommendation in the aforesaid ,
NYSE:SQLong
by daveinvest8
Square $SQ is back!The price of NYSE:SQ is back above its 50 day MA and going for the breakout. I had this stock before the correction and got a really good profit, I think I can do it again. The thing I like the most is that is clearly a market leader. I wanted to compare NYSE:SQ with its real peers, so, AMEX:ARKF is the perfect ETF to do it. The quotinet shows I good relative strength for Square. The stock is rank #1 by IBD in its industry and has an IBD relative strength greater than 90 points. And better so, is #2 top holding of AMEX:ARKK . This are all bullish signs for me.
NYSE:SQLong
by dpuleo19
SQuare Off?Last few weeks, looks like Square (SQ) is developing a descending triangle, which means it could be ready for a dip. Is this a short dip kind of thing, or a bull flag-in-progress? Or is it just moving about with the NASDAQ "wind"? Can't tell, wish I knew. I'm long in SQ but currently underwater, and trying to figure out if I should take the loss and bail or hold and ride out the near-term. I'm generally bullish on SQ based on fundamentals and business, but not sure what horizon that will operate on, and if it's poised for a selloff, might be better to dump and buy back on the rebound... Decisions, decisions...
NYSE:SQ
by dotdotdotpaul
4
SQ Creating Wave 4 Low Soon - Wave 5 Coming SoonIt appears that SQ is putting in Wave 4 low. Soon Wave 5 will be in play. On the bearish side - SQ has a very large Head and Shoulders formation that I don't think will play out to the expected move. Tech has been selling off lately and probably will for the near term. But soon people will begin going back into Tech and Growth, seeing the drops as great value plays. A typical Wave 4 pullback is 38.2% of Wave 3 which would put the turnaround at around 190.
NYSE:SQLong
by dglett
3