SQ on watchSQ has pulled back to a buy point at trendline support and 618 fib. May react well to strength in BTC and slight pull back in the banks due to weakening yields. Trade is dead if price breaks recent low.
SQ trade ideas
Square headed to ATH'sSquare down day last Thursday had buy signals written all over it. Which is exactly what I did at 233. Square bank, cash app, and their bitcoin investment! What more can you ask for. Jump on the boat before it takes off.
Weekly puts in SQ for price drop Square has gone up and up. The red lines mark selling (price pullback) that matches RSI peaks. I am looking for the same to happen here. Buyers rushed in before earnings, then stock went lower, and today price is chopping at 254-256. Buying seems exhausted and more people may book profits soon
I am looking for price to stay below 257 and head down to 248-250, maybe 243-242. Sometimes these moves happen overnight. By using less capital (small position) I can comfortably hold overnight, absorb theta decay, and allow option price to fluctuate with stock price.
You can look for an entry on 5/15m chart. I bought weekly 250 puts this morning. Will sell most today and will hold only 1-3 contracts overnight.
SQ - 100B Market Cap -> 500B SQ has always been a favorite of mine, and today I am publishing the Idea that SQ will be a 500b Market Cap within 1 year.
-Malongs
SQ above previous local resistance turned supportSQ should see copious bullish uptrend here onwards, as every time it breaches 20EMA up-trending - it proves to be a good buying opportunity. Plus previous local resistance of 246.50 has now turned support (will confirm upon a retest)
Square breakout after earnings dipMy publish is late, but I made a call on SQ last Thursday during the market bloodbath last week. Bought with both hands at 233. Square's bank, cash app, and bitcoin investment is about to send this thing to 300 +
I use the company app, and love the stock here. Afterhours had some price action jumping 10$ and would signal a breakout in the stock heading higher from here. Well, see tomorrow at open if the gains carry over from AH's.
Square to $250 possibly $280?simple wave impulse correction every high was broken validating trend other confluences are fib levels I could see it drop as low as 88.6 if it drops pass $200 then the idea is no longer valid
Buying Opportunity. Target: $253Greetings All,
SQ appears neutral-bullish based on the following:
1. SQ has retraced and consolidated around a key-level of support (180days) around $230, which is the 61.8% retracement from resistance (all-time high) of $283.12. I anticipate SQ will bounce upward from this level.
2. SQ is slightly below the Monthly and Quarterly EMA, which I consider an opportunity to go LONG.
3. MACD indicates bullish strength.
4. SQ will close the $275 GAP in the future.
5. SQ beat earnings ( +141%) on the 24th.
Strategy:
1. Target the 20 VWMA ($253)
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
SQ Chart UpdateI've never posted a chart for SQ nor have I traded it, but it has a decent chart to take a glance at here.
Bearish under $240 supply area coinciding with 50day MA; bullish above
Opinion Only -
Square Support line Square is by far one of my favorite stocks of 2021. With the recent surge in Bitcoin the price and market of Square has exploded. Square ran up to $270, hit its resistance point and is now falling. Square has been in a really nice uptrend ever since the march crash. SQ price at close was $230 with a support line at $220 and $217. I see Bitcoin coming down to a price of 41,000 and this 3k fall would help SQ which is affect by bitcoin to come hit that support line. After bitcoin hits 41k I see it retuning to 50k and that once again would help SQ run up to a target of $300.
$SQSQ LOOKING TO RECOVER SOME AFTER THE MARKET SELL OFF.
THOUGHT THE EARNINGS WERE PRETTY GOOD BUT WITH THE MARKET ROTION IT MAY TAKE A WHILE TO GET BACK TO MARKET HIGHS. ALSO AS BIT COIN IS A LARGE PART OF THEIR BUSINESS IT MAY STAY DOWN A WHILE UNTIL BIT COIN STABILIZES A BIT.
REVERSAL IS NOT CONFIRMED YET AND STILL WATCHING. MAY CONTINUE TO BE PULLED DOWN BY THE MARKET.
THIS IS NOT FINANCIAL ADVICE AND IS POSTED FOR MY RECORD.
Buying the DIP - Fintech is still applicable.Nothing has fundamentally changed in light of the recent tech sell-off. We are trading the strong monthly channel at bargain prices yet again. Play the cycles. Long.
last sq analyst didn't go as 100% planned.If SQ falls below the support it could hit another support around 200 and form a new support, or it could just bounce off resistance.
SQ getting sqaured awayThe payment processor allowing crypto trading and will report earnings later this month.
As always, our bread and butter at flightschool is choosing the ideas with decent risk/reward ratio.
Based on PYPL's performance we could have a decent move to the upstide on SQ.
$SQUpdate on $SQ idea. Looking to swing to previous high after earnings.
Drop happened faster than I thought it would and should hopefully be bottoming out.
THIS IS NOT FINANCIAL ADVICE AND IS POSTED FOR MY RECORD.
Square ($SQ) Long $400. SP500 Inclusion coming.Square the #1 company in tech voted by software engineers. How could I not be long?
Just so solid that it's boring.
PT: $400
Just hire me already.
Square - (Another) one that got away.I remember the first time I bought something froma Kiosk in the mall (remember those) and the vendor had me run my card through a little Square dongle connected to their cell phone. I thought, "Well, my credit card information is going straight to 4 chan."
Then I though, "Cool, no need to call Verizon to set up a T1 to get a connection to process credit cards." I figured for sure it was a great invention, and had no competition.
When the stock first came out, it was in the 9 to 12 dollar range for ever. Once the options came available, I kept selling Iron Condors and call spreads. Kept getting taken out on the upside, so I just switched to selling at the money puts, which worked well. (No position currently).
This stock reminds me of one of the ones that Phil Town would talk about in his book, "Rule #1 Investing," a great book for investors.
Could have just saved myself a ton of grief and bet the farm on long out of the money calls! Who says buy and hold is dead?!?!
SQ chart ideaSq is below the reg. channel and imo oversold. my buy entry is $235. sell target will be $250
