Sell to Open SQ Nov 25 2022 60 Put Limit at $0.95 (Good 'til Canceled) SQ daily triple bottom neck retest wave 4 of uptrend expect pull into retest and then grind higher.
Initial Thoughts: Incredible day, markets closed friday, minimal inside day setups SPY - Mentioned yesterday that we were bearish going into today for a number of reasons. Early on in the session we saw SPY push up slightly only to be rejected by a downward trend line created in premarket. We hit our downside target at the mid 406 level and even pushed lower than...
TRKA looks like its in the final part of its accumulation and ready to try and make a push.. The problem is will the push be to the upside? lol So I have been using ChatGPT to create indicators and I created this beauty of an indicator which is a superior supply and demand indicator that also points out where pockets of stop losses are. It has become an...
SPY - We were spot on with our analysis going into today's session. Last night I mentioned that we had a strong close on the daily and weekly and that I wanted to see us push higher. We also stayed within a 1% range today as I had also hoped to see (.71% range total today). Didn't quite get the movement we were hoping for (Inside Day), but we still were accurate...
Initial Notes: Didn't trade on Friday, new month begins, SPY confirmed breakout on weekly, and light economic news coming this week. SPY - (FRIDAY) Unfortunately, my SPY prediction for Friday was off. I underestimated the short term strength of the markets as evident by Friday's big green trend day. I'm not afraid to admit I was wrong on my analysis, because...
Looking at the SQ Block options chain ahead of earnings , I would buy the $72 strike price Puts with 2023-3-3 expiration date for about $3.33 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read your opinion about it.
Charting on the daily, I think SQ is in a nice set up for a put play. The downward trend that has been created has been touched twice. At each point of contact there was a follow through of selling pressure. The selling pressure has also caused weakness within the new support area . I am concern about the amount of time it make take for this plan to carryout.
Charting on the daily, I think SQ is in a nice set up for a put play. The downward trend that has been created has been touched twice. At each point of contact there was a follow through of selling pressure. The selling pressure has also caused weakness within the new support area. I am concern about the amount of time it make take for this plan to carryout.
- SQ is in a rising trend channel in the medium long term. - SQ is moving within a rectangle formation between support at 44 and resistance at 90. - A decisive break through one of these levels indicates the new direction for the stock. - The price has reacted back after the break of the double bottom formation. - There is support around 71.5, which now indicates...
Revenue from Bitcoin was $7.1 Billion in 2022....This was the largest source of revenue for SQ. As Bitcoin prices drop this can be reflective in SQ stock price as revenues from BTC will lessen.
Even dough the trade was amazing , there is always room for improvement. Here is what i learnd 1.if the markets (indexes) are green at closing, it doesn't mean there will not be a pull back, which can effect your trading position. and vice versa. 2. if you miss your entry, and the trade is going in the direction you calculated, use your trend lines for a...
SQ strongly and persistently resisting to drop lower in February compare to our stock. In March, it shows a reversal pattern and I am look for estimate 80% gain. Stop loss at $74
Block (SQ) Long Position Trading Thesis By.Corey Buyers Level Long 77.41 74.71 71.79 69.16 Selling Level 84.00 1.The trading conditions of the Index Dowjones +387.40 (1.17%)today 4,045.64 +64.29 (1.61%)today Nasdaq 11,689.01 +226.02 (1.97%)today Square Earnings 2.Cash App Gross Profits Q4 848m up 64% Square 801m Gross Profits Q4 up 22% Bitcoin Rev...
“You’re it!” Block calls, tapping on the magenta-colored zone and taking off. The share seems to be playing tag and has just caught the magenta-colored zone, finishing wave ii in magenta with one impulsive downwards spike. Next, the course should seek shelter above the resistance at $94.87, thus gaining further upwards momentum. However, there is a 32% chance for...
After a completion of a bullish harmonic shark price bounced up from 886 Fibonacci from XA leg that represents the PRZ "Possible Reversal Zone" Usually the shark pattern target is the 0.38 Fibonacci from XA leg as you can see on the chart the price target is 186 in addition to a classical Head and Shoulders pattern confirming the move once it hit 92.70
Technicals : 1. 3 Drives setup 2. Pull back to fib23 3. D and W above 20ma 4. Positional trade Target : $120 (50% upside)
The P&L is for the reference of entry, potential upside and cut loss point. The dates on it have no relevance.
Interesting setup in $SQ, not a fan of management but the technical setup is very good here. Keep an eye out for it breaking into higher highs, short term data suggests it might just go straight up on Monday, but might retrace or pause a bit for a day or two after the 1st couple hours of trading. Best of luck. Cheers, Ivan Labrie.