SQ (Square) Support at 60 because of previous support. Resistance at 70 because of previous resistance. Price action is looking to be bearish at the moment but we are approaching a level of support. Looking for either a bounce at the 60 support or a break through the 60 support for a push down lower. Predicting that SQ break down under the 60...
SQ price going up with weekly strong trend line. possibly long. wait for 123 pattern confirmation. I also watching this one .
So much promising situation there was and even the magical third time spirit in the air did not provide upside break this time but lead instead to this massive drop downwards and hit straight in to support that should be there for holding the price. Much climbing ahead but probably good longing opportunity as well.
Nice ascending triangle, Looks good for a support here and then a push up followed by a breakout and push to ATH
Square SQ is so high and overvalued, it is ready for a serious short. SQ DCF valuation assuming growth rates of 50% sliding down to 7.5% over 10 year yields a value per share of $45. This assumes SQ will get a large portion of the world's payment system. However, there are many competitors to SQ - VISA, MasterCard and PayPal for example. I don't think SQ will...
Square Junk rating $98
Wrote here earlier about the third time magic of Square stocks and how the price got denied once again. This time seem to be different and maybe there actually is some magic in the air - if this pennant actually breaks upside from here we could finally be seeing a whole new priced Square stocks. Last time momentum above the trend line lasted around two weeks...
This chart is so funny with all this hopping upwards and touching the 82 area. Again, it seem to be that the price got denied of going more up from there - for now - but slowly it will also run out of space to bounce as reckless it has from beginning of this year. Interesting to see the outcome when this major resistance turns finally into supportive trend line.
Caught an upgrade and broke out of the most recent squeeze.
S&P500 and the NASDAQ are both about to rage, and SQ will be no different. Bitcoin mania will drive up revenue on the CashApp, and should help propel SQ to breakout of the current accumulation zone.
This is only for test, Sq seems like following down channel, as i was guessing that will hit 69.30 yesterday which target reached it..seems like we will hit down more ... This is not a financial advice
Wondering what everyone thinks. Chart looks pretty good, finally broke resistance (green trend line) Currently facing resistance at the 0.382 fib extension line (roughly $72.88) - Historically, seems like SQ is a big fan of this fib level (Take a look at how price reacts every time it touches 0.382 fib extension + 38.2 retracement - Seems like a last kiss set...
Buy long signal @67.68 more ideas at aipt.lt .
*Please note that I'm still learning how to trade and I do not recommend anyone to go i nto my trade ideas with taking a farther look/analysis on his own* SQ looks like its forming a bullish pennant on the 1-day chart, what do you all think?
Needs more consolidation but watching for a breakout above the trendline. Short float is low however av. 9% so would ideally like to see that pick up to add some fuel to the fire