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BLOCK INC.BLOCK INC.BLOCK INC.

BLOCK INC.

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SQ2 trade ideas

Block Inc Long IdeaNYSE:SQ followed 102 Day Bearish trend, which was reversed 35 days ago with bullish divergences and increasing bullish volume. Since then, the trend is following a parallel channel. A trendline break out of this bullish run was confirmed 19 days ago. Trade Plan with 2 Entry Points Risky Entry Entry @ 66.60 TP @ 71.78 SL @ 63.27 Risk = 0.5% RRR = 1.56 Optimal Entry Entry @ 65.18 TP @ 71.78 SL @ 63.27 Risk = 0.5% RRR = 3.59 Since the stock is favored fundamentally, taking partials at the TP level is advisable, and letting the trade run with training SL using ATR with the multiple of 1.5.
NYSE:SQLong
by C_T_E_Ltd
$SQ accumulating power to go up?Although fintech giant Square, Inc has rebranded itself into Block, Inc to tune towards blockchain payment, that didnt stop the price from further plunging After one and a half year, price seems to have been ranging and squeezing for next move. Whether it coils toward regaining lost price or to drop further, it is hard to tell now Personally, i am prone to higher chance of going up Still i do not rule out if price drops further to around 34.6 to make the actual bottom *Not Buy or Sell call
NYSE:SQLong
by jangseohee
Time to Squre upHello everyone, Block got left behind in the recent Fintec bull-run. In my opinion, it is hugely misspriced as it is not yet in the eyes of wallstreet, but given that it is sitting on the support levels, the company is expecting profitability by the end of the year and over-all the great health of the company, this really gives us a nice set-up. The Stop-loss would be below $45. Take-profit 1 would be $72 with the closure of the gap. Take-profit 2 would be $90 at the top of the channel. Given the bullish stance on the market on all growth companies, most of the trades are working nicely from the support set-ups. Good luck to all!
NYSE:SQLong
by donaitelo
Comparative analysis of the ratio of BTC and BLOK sharesLogarithm. Time frame 1 week. Major trend. Comparison. Correlation. Divergence. Correlation. Money spillover. 1) Bitcoin's main trend. 2) The main trend of the stock giant BLOK (originally a direct correlation with bitcoin). Block (until December 1, 2021—Square, Inc.) is an American technology company that develops solutions for accepting and processing electronic payments. Block was founded by Jack Dorsey and Jim McKelway in February 2009. That is, when bitcoin was “created” as a means of payment. In November 2015, the company held an IPO. As of 2021, Block has a market capitalization of over $100 billion . Shares BLOK Time frame 1 week
NYSE:SQ
by SpartaBTC
38
Block: In the starting blocks… 👟Block hast just finished wave B in turquoise and is in the starting blocks to take off. Soon, the share should gain enough upwards momentum to make it above the resistance at $89.97 and even further from there. However, there is a 39% chance that Block could break away and slip below the support at $51.16. In that case, the share should develop a new low in the form of wave alt.2 in green first before heading upwards. This new low would then be located in the magenta-colored zone between $40.97 and $19.12.
NYSE:SQ
by MarketIntel
Sq This could be a long stretch. We discussed this pattern a month back or so but it didn’t progress as fast as I hoped. Now we have earning tomrorow. Market def reacted pretty badly to the fact of no rate hike pauses. THis could be the signal for a more bearish sentiment to progress however apple earnings are also tomrorow. There should be some serious market moving potentials after there report. This could go either way on SQ Howver it is on some pretty serious supportZ. I did take may 12th 67 calls that I started buying yeateday and this morning. Cost around 54$ at time of purchase. If we can bleed tomrorow into earnings I would buy more below 60$. Obvisouly it’s hard to say how it’ll turn out for SQ but the chart hasn’t been pretty. It’s been lagging and it is at the low end of the range so a few dollar pop could make sence. Mabey earning is exactly what this stock needs to get the push off the low of this range. I’m goin in with long bias but of course the safer play would be to wait it out till after earnings and give the stock a bit more time to figure out it’s next move. My main target is 70$ but if this range wants to get back towards the top 82$ is the higher end of it. Good luck trade safe and use risk management. If we do break the range next key support is 50-51.70$
NYSE:SQLong
by Erictaylor
SQ Block Options Ahead of EarningsIf you haven`t sold SQ Block here: Then I think you already know that the company is accused of fraud! Now analyzing the options chain of SQ Block prior to the earnings report this week, I would consider purchasing the 59usd strike price Puts with an expiration date of 2023-5-19, for a premium of approximately $2.71. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. I am interested to hear your thoughts on this strategy.
NYSE:SQShort
by TopgOptions
Sq Looking bullish AF. Larger inverse head and shoulders on weekly and on 4 hour we have a downtrendinf to channel that broke with a fake breakdown and ripped back into it. We haven’t reached the upper reostanxe of it but curently have a bull pennant inside that channel. Lower support was formed today and upper reistance around 69.30. If we break above that and hold we an target 72.50-73 and a break and close above tjat targets the key reistance and final reistance of inverse head and shoulders neckline around 90$ Lower support of curent bull pennat is 65 20 which we basically bounce off today. I went long here looking to play this into 72.50
NYSE:SQLong
by Erictaylor