SQ2 trade ideas
SQ: Watch out for these KEY POINTS!• SQ is doing an important reaction that could sustain a bullish thesis, however, there are some key points we must pay attention;
• First, it must break the red line at $64.26, as this would trigger a bullish pivot point in the daily chart and frustrate the Double Top chart pattern in the 1h chart;
• In this scenario, SQ could seek the $69 again;
• However, if it triggers this Double Top, the next support is at $60.48 again. This is a support from a previous gap, as seen in the daily chart (Nov 10);
• Only if SQ loses the $60.48 it would trigger a mid-term bear trend, and the next supports are $57.09 and $55.10 (another gap);
• Either way, SQ is looking good.
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SQ Consolidation breakSQ has been consolidating in a tight range,
i'll be watching to play the break to either direction,
the target will be the retest of either trendline
Square/Block Analysis 25.11.2022Hello Traders,
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Long SQ (Block)NYSE:SQ
SQ has broke out of the descending fork without reaching it's Median Line and has broke above the Trigger-Line.
The next logical target is the "C" Pivot level ~ $93
Fat_Fat
make or break area ⛄break of trend resistance/bounce from RSI supports is great news for longs here! but has not happened yet..
rejection from this level and we can expect more downside short term. lets see what happens! goodluck, boost and follow if you enjoyed my chart💪
SQThis is my analysis of this stock, and I hope you will take it into account. I wish you much success.
SQ weekly despair zone of bubble cycle stop loss $0 HODLSQ weekly despair zone of bubble cycle stop loss $0 HODL entry $63.02
SQ covered callI do not WANT to get called away here. So, I will play defense if I have to.
However, sold $70 call exiring Nov 25 for $1.00 limit.
That's $9 away or about 15%. IF this is a NEW position for you, nice level to play it. 100 sma should act as a small resistance and this is a decent retest gap.
Will Activate Markup above 58Target levels:
64
71
83
Will likely breakout this week in line with crypto, heavy accumulation recently
Insane Valuation of Block Inc.Hello, after seeing blocks p/e ratio of roughly 470, i think it is massively overvalued and i expect it to go to my target zone in the coming weeks.
May even going lower but playing it safe is better i guess.
Current correction seems a good opportunity to short it, altho still recommending stop losses.
DYOR and please leave a like =)
SQ bear hammer monthlySQ shows perfect bearish hammer at monthly. Potentially wave 5 of the downtrend.
Expect bullish hammer September kiss $30 and either chop or begin uptrend from there.
Sq Ugly looking chart yes, Howver we have previous weekly taps upon a upper sloping trending support. So far 2 taps over the course of its life. If we were to contiue on that path, 50$-50.20$ is a potential buying point for a long swing. I’d expect buyers to step in roughly around 50$ and it lines up perfectly with this support Idea. I will be patiently waiting with a bid there. Good luck!
SQ long ideaHey all, I've been posting bullish setups, I think SQ is among them. I think this name rallies in the first half of the month. I am not in this name, but I would stop out if new lows were plowed through.
Looks Like A Long?Not sure how many sellers are left here but from a fundamental pov this looks like a decent long term buy here imo.
SQ- Inverse H&S1st published idea. for 9/26- 9/30
Overall market looks to be turning around in the short term.
entry: 56
target : 60
Waiting for MacD cross for entry on 2 hr
2X $SQ to DROP another -40%!????Square has been killed we will stay with the trend due to market trend and conditions! if price fails to break above $60 or fail to break this current area, we will be heavy in shorts/puts down to the next level which is the $30 area!
Keep a close eye on the RSI (Oversold) 1 Day Chart is signaling an Oversold SQ (Block) right now. It very well may cross below 30 first, if it does I will wait until confirmation of crossing up 30 to then get in at that time. Although if it decides to have a nice bounce off of 30 with overal positive market sentiment at the same time, since almost all other RSI levels are at this Oversold area as well, then I would be getting in right then and their. I belive SQ has a strong future ahead of itself and that it is over dramatically sold off due to this bear market. Even if you do not belive in its future as a stock you have to agree that naturally it will be coming up off of these lows and that is a profitable trade to be made. So just wanted to that out! Have a good day everyone...
SQ - Targets 45 then 35I think SQ goes to 45 at least. I loaded some december expiry puts today. Will be averaging over the next week. Planning to hold 75% of my position till 45 at least. Will let some runners till 35.
Falling Wedge- Bullish (Long) - UpdatePosting a quick update here on SQ as buyer volume finally picked up and SQ closed the day breaking above strong resistance at the $68.84 mark while also reclaiming its 20-Day EMA. SQ has been trading sideways for quite some time and is seemingly breaking out of this falling wedge heading into earnings on 9/22' and with quadruple witching this coming Friday. Additionally, SQ closed out the weak with a golden cross on the MACD. On top of that, SQ's RSI is finally out of oversold territory on the weekly timeframe, accompanied by a massive bullish harmonic pattern and its Bollinger bands squeezing. Personally am bullish and am looking for a breakout, however, will add some downside protection due to how long SQ's been trading sideways. Nevertheless, bullish and will be watching closely for a breakout from this wedge as buyers continue to step in (broader market conditions permitting- earnings & quadruple witching)- Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime.
**See Below for Price Targets, Weekly Timeframe, and Previous Charts**
--Weekly Timeframe--
- Falling Wedge
- Bullish Harmonic Formed on the Daily & Weekly Timeframes
- Bollinger Bands Squeezing
- Closed Friday Breaking Above Strong Resistance
- RSI Finally Out of Oversold Territory
PT1- $78.82
PT2- $81.03
PT3- $86.76
PT4- $90.71+
