SQ 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.
Too high numbers like P/E, P/B, quite low EPS...
But we know the market doesn't look that way. Definitely in this industry.
The price seems to me in a decent discount, if I had anything, I would start to accumulate :)..
Asymmetrical H&S pattern on $SQ. Breakdown of the neckline confirmed Potential targets of selloff around $66-$61-$56. Head and shoulder patterns have some of the highest success rates. I will wait for a pullback towards the neckline and potentially short there.
We are looking at CRWD for the next big continuation down
We have already booked over 300%+ from CRWD on the first leg down shorting from 220 to sub 160.
Now we are looking for a pull back into the 170s or low 180s, ideal to continue short.
There is a TON of bearish momentum on this play so there may be a early dynamic entry to secure positions however we are...
Today we have ZM (ZOOM) on the daily chart
With the huge sell offs in the market we still see much more downside on the table especially for growth and tech stocks like ZM.
We offered a bullish outlook that would have an inverse Head & Shoulders forming
However to complete the right shoulder we would still need to sell down into the low High 90s
We do have...
I entered here at 73.46.. Im going to be holding long..
I believe that this will endure a small pull back to 80 but otherwise in for the long haul.. next stop I'm foreseeing 100.
SQ ran like a mad man yesterday. I can see some exhaustion/ reversal volume on the chart and there's a battlefield of supply around 80s-90s (see square). There's also 100SMA standing in the way. I can see SQ retest in mid 70s. Unless they murder earnings this afternoon.
Block - Short Term - We look to Buy at 71.84 (stop at 61.55)
Price action has formed a bullish ending wedge formation. A move through bespoke resistance at 71.84 and we look for extended gains. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. Preferred trade is to buy on dips. Expect...
SE 1D I SE recently broke out from a massive downtrend on the daily. It is making a double bottom near $65 and our OS ALGO picked up activity on the $69 strike!
MSFT 4H I MSFT is making a higher low as earnings approach. Resistance near $255 and our scanners are picking up significant bullish activity on the $260 strike for 07/22.
SQ 1D I SQ is down nearly 80%...
There is a daily wolfe wave setup that triggered on Jun 21 closing day at 60.52. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 94.85 which is expected to reach this price target before July 6. Projected...
Its sitting on weekly support line. It can jump from these levels as long as it remains above those two blue lines. Can hit $12. For long term investment, it may need more time.
We hit the 3 std dev of the Bol Band. Last time this happened price was very over sold and climbed back above the 20 day moving average. Strong support shown at 59$. Time frame 9 trading days
Is one of the leading fintechs Block cheap enough with the current 77% plunge to start buying its shares or the long term investors should wait just a little longer?
Fundamental indicators: :
Revenue and Profits - although revenue grows exponentially the company is not making any profits
Liabilities - no problems with debt
This is an update to the...
All the way down to 35!! 5 waves up in '20-'21 and looks like 5 waves down in '22. Good spot for a bounce
$TSLA $SQ $ROKU $TDOC $BIDU $SPOT $Z $SHOP $QQQ $SPY #ElliottWave #Stocks 📉
