SQ seems in the middle of a strong downtrend. If it bounces to the level posted on chart i'm expecting one more wave down. Risk reward ratio 1:3
Square (SQ) is getting close to triggering a trailing stop exit signal on its weekly chart. The RSI (14) is below 50, suggesting this is not a good time to 'buy the dips' on the daily chart's pullback buy signals (RSI (2)) and RSI (3))
NYSE: $SQ | #Square in the Midst of a HUGE #ABCcorrection!
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SQ has a night daily equilibrium playing out. We're looking for the hourly supports to break next week to signal healthy daily consolidation is coming to set a daily higher low above 64.69. I will potentially buy the hourly trend change, another strategy I may employ is to wait for the daily trend to change and break our resistance of 80.32 - that would...
Square pretty over-sold on the weekly (so are many stocks just now though) which was followed by a $35 - $100 run last time, so might consider a long after the weekend. Dream target is highlighted. > Will be looking for positive Bitcoin moves that could influence this increasingly crypto focussed company in the long-term. > Cashapp downloads are looking good,...
$SQUARE giving me a green light of this cypher pattern. My call here is not to be construed as financial advice, markets can go against you at any time. As always, risk management is key.
SQ got wrecked last week, but managed to bounce at a key fib support. I expect the bullish trend to continue on this one.
SQ bounced off a weekly support that goes back many months, if we can break the high of Friday, I will look towards teh .382 and .5 fibs for potential profit targets, if we break 71.52 to the downside, I would be looking to scout a higher low entry compared to 65 perhaps off of a second touch on the line - profit targets the same as if we just see continuation.
On the way down, entry 1/2 intended position. Market reversing
Square will bounce until earnings and then booooooom to an ATH.
Swinging on tight stop loss - Worth giving shot. I think test to 80 might happen.
SQ 4hr chart equilibrium break will give direction for the coming week - breaking up above 92.39 increases confidence in continuation to new all time highs this week, and a break of 89.31 will have us looking to test 83.34 as a daily support. The weekly chart is getting extended with 6 green weeks in a row and a bearish reversal spinning top doji on declining...