SQ UPDATESQ was able to break its previous high and has remained above support at 221.85.
STILL VERY BULLISH ON THIS STOCK, $240 is my target.
SQU trade ideas
SQ looking for a push to 240?SQ has been stuck in this massive falling wedge... bounced heavy twice off of the support trendline and held daily demand zone which are signs of SQ looking for a breakout!
I want to see SQ clear the .263 fib (209-210 to be safe) before entering into long calls.
I will keep be looking to snag 220c or 230c for 6/18
SL under 196.70
PT1: 221.38 (.382 fib)
PT2: 228.96
PT3: 241.30
Happy Trading!
If there are any other tickers you would like charted out please comment below!
SQUARE SQ I am net long looking for min 242We have great support and a clear wave structure .In an A B C pullback min rally 242 and we pulled back to a perfect .382 on the lows
$SQ Update - BTC Dip Spooked me, Following Channel I previously posted that I closed out of this position because of the BTC dip that I thought gave the setup too much BTC exposure that could pull it down if BTC continued to drop, but this is playing out very nicely from my original post when I was long at $200. Nice reversal here.
$SQ Bullish Pins - 14 day run up about to happen$SQ showing some bullish candle signs like the bullish pins
look for this to get up to 270 easily by mid june
$SQ with RSI bullish divergenceNYSE:SQ
Bullish divergence on RSI 1D for SQ.
Trade setup: Debit call spread $197.5/202.5 for 6/25 expiry
Price previously found support around the $205 level which was since violated by current price action. May find some resistance in this area
SQ Fish Hook PatternOver the last month, SQ has dropped back down to a familiar support level and bounced back up, forming a fish hook (bullish) pattern.
I am looking to see if it breaks or rejects its previous high of roughly 221-222, if it breaks then SQ could see $240 again soon.
Blue MACD line looks like its about to cross as well which is another bullish trend indicator.
$SQ Making Bullish Moves$SQ has bounced off of the .618 fib level, which has provided a bounce in the past. The MACD has also crossed. Definitely risky though, we had a major double top pattern at $280. Good Luck!
SQ potential to move higherOn the 1 yr 1 day chart we see bullish MACD crossover resulting from the recent inflow of cash to the tech sector. Got in some long calls this morning, hoping for a nice run to 220’s.
Square still in sideways channel with ascending trendSquare is still in a sideways channel with no volume peaks. MACD, RSI, and Stoch suggesting long potential up to the resistance at around 280 USD. If the chart goes below 200 the trend is in danger and at 190 or below the stop should kick you out. We then have the chance to build a H&S.
Bullish play on SQNYSE:SQ
My take on SQ ... ill wait fot that dip to go long. but if she doesnt dip, ill bet in on the break of that bearish candle.
Weekly Outlook! 5/24 - 5/28We go over last week's video as well as what we are watching for this coming week!
$SQ$SQ – I am posting this along side $PINS because the charts are nearly identical and I want to compare what happens in the future.
It appears to me to be a bearish corrective break – with the projections as charted.
The ‘W’ shape top appears to have been a double top reversal = price fell to 200 day EMA. This is also the bottom of the vol profile and the .380 fib level. A double top reversal measures the top and bottom wave to forecast a price below support. That is the range I will look for entry.
Because MACD and RSI are indicating oversold a bear flag is possible.
NYSE:SQ
NYSE:PINS
Square Has Pulled Back to SupportSquare is one of the hardest-charging growth stocks in recent years. Like many growth names, the fintech has paused since vaccine news triggered a shift toward value stocks in November. But now the risk / reward may be swinging back toward the bulls.
First consider the area around $200 where SQ is trying to bounce. It was also a low in late January, early March and late March.
Second, the support also matches the 200-day simple moving average (SMA). In fact, it is SQ’s first test of its 200-day SMA in over a year.
Third, stochastics have been oversold.
The fundamental story also seems to remain intact, with earnings and revenue beating estimates on May 7. Cash app also grew 139 percent (excluding Bitcoin).
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$SQ Update BTC Related Sell Off - Support BrokenDue to Square's BTC holdings, and the bitcoin sell off, SQ is having trouble moving towards the upside within its channel and has broken support. Position stopped out, will re assess when direction is more clear and BTC volatility cools down.
Square - Going to Bikini Bottom ⬇-The stock market was having a generally negative day on Monday, with the S&P 500 down by about 0.5% at 2:30 p.m. EDT. However, fintech giant Square (NYSE:SQ) was a major underperformer, down by 5% on the day.
-The primary reason for the decline is that Square announced plans to offer $2 billion in senior notes (aka debt) in a private placement to institutional investors. Square plans to use the money for "general corporate purposes."
-It's not unusual for selling pressure to be seen when companies unexpectedly add debt to their balance sheets. And considering that the company had $3.7 billion in cash already at the end of the first quarter, this move might have investors scratching their heads. Including debt already on the books, Square will now have about $5 billion in long-term debt, more than five times its debt load at the start of 2020.
-With Bitcoin (CRYPTO:BTC) falling sharply over the weekend, companies that have cryptocurrency operations are under additional pressure. Not only does Square provide Bitcoin trading functionality through its Cash App, but it also owns about $360 million in Bitcoin itself. So it's fair to say that at least some of the pressure Square is under is being caused by these headwinds.
SQ, REVERSAL COMING!Hello fellow traders and investors, here's a trade idea on Square.
Square has recently been pulling back and it looks like we could've just found a support. If it makes a recovery to the previous high it offers a 34% ROI.
Technicals:
The Macd indicates that SQ is still in a downtrend but since the Macd is a lagging indicator this was anticipated
The RSI is looking very oversold
When To Buy:
Now or when the Macd does a crossover
When To Sell:
At the take profit area
Fundamentals: SQ, Square, Inc. engages in the provision of credit card payment processing solutions. It is a cohesive commerce ecosystem that helps sellers start, run, and grow their businesses. The firm's sellers download the Square Point of Sale mobile app, they can quickly and easily take their first payment, typically within minutes. With its system, sellers gain access to features such as next-day settlements, digital receipts, payment dispute management, data security, and Payment Card Industry compliance. The firm offers additional point-of-sale services, financial services, and marketing services. They have a P/E of 333, a P/S of 6.65, a debt/equity of 1.62, a growth in sales Q/Q of 266%, an EPS growth Q/Q of 132%, a profit margin of 2.70% and a short float of 8%.
Rating: 75/100 the technicals look pretty good but it hasn't yet shown signs of a reversal and their valuation is pretty expensive so they deserve a 75/100.
I hope you enjoyed this quick analysis and many more to come.
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Thanks
$SQ Following Support as predicted Bouncing off support as well as the 200D MA, reversing the downtrend with a green close for the day. Looking for $275 as first target as its the past 2 resistance points.
