Today, we will take a look at Square INC.
The main context for the price is the previous corrective structure (white lines). In August, the price apparently made a breakout which then got back into the structure once again, creating a secondary structure (yellow lines)
We always work with the idea that the price moves between zones of the same degree, so, in...
Today we will take a look at Square Inc. Jack Dorsey's company. In case you don't know who Jack Dorsey is, he is the founder of Twitter inc. In case you don't know what Twitter is... (I'm just joking)
Let's go back to Technical Analysis:
I can see two clear structures here:
*The previous impulse (which is a sequence of higher highs and higher lows) + The...
First of all, dips happen all the time. There are always pullbacks in price and they happen for various reasons. Here’s a checklist I quickly wrote down for myself. The chart here shows Square, mostly because it has been on an epic run! Congrats to those who have enjoyed it. I was once a proud owner of this name, but sold after it seemed to get a little "frothy." ...
I believe for the next month or so, SQ has the ability to get to my TP at $274.95 . My entry however will be based on:
1. if price closes above the red trend line in the near future
I already have 3 waves down on price and the yellow static line in RSI was broken
If the final condition is met, I will likely place an entry, a month out, to see if SQ can hit my...
Today were taking a look at SQ (SQUARE)
So SQ made a big move down for earnings around the $225 level.
This level is widely being considered as a "buy the dip" opportunity which very well may be. However obviously we are offering a different perspective and heres why:
Reason 1:
We spend more than 3x the effort (activity) on August 2nd than we did on February...
Two recent stock events have called into question how markets are pricing stocks. The first event is the OG meme stock, Tesla (NASDAQ: TSLA), hitting a one trillion-dollar market cap. And the second event is EV newcomer Rivian Automotive (NASDAQ: RIVN), surpassing the valuation of Ford Motor Company (NYSE: F) after listing on the NASDAQ.
One way to gauge how...
The network effect & stablecoins thrown into an #echochamber of advertising. Nasty. Profits over people with #shadowbanking & #feevultures. Buy now pay later bla bla. Show me a fiduciary please. JPow already said that Bitcoin is "not needed". Therefor, no need for the middleman to take percentage of moving it!!! Just need a personal wallet to send & receive...
Determine the next target for $SQ is not an easy task.
But the least I can say about is SQ heavily depends on $SPY direction. And with cases of Omicron spotted in muliples states, FED tapering, 30-Yr Treasury yields leaping,
things can get ugly for $SPY if it crosses down 450 line.
As the context is set, Let us look at the daily chart:
- $SQ has already crossed a...
ADVERTISING MODEL PLATFORMS CRASH!!!! The old 2digit tickers they try to run and hide from. Gross. THAT'S WHAT DECENTRALIZATION FIXES. *ADVERTISING*.
Notice Jack is out when $FB zuck changes their business name to META. WE ARE LAUGHING. Never would I ever!!
Everybody has their own coinage at this point. Sorry Jack. Sorry Zuck. No chance. Both have got...
SQ had an inside day on the markets ugliest black friday. If it can break above $215.65 it can run to support of $225 and begin an uptrend. Above $215.65 i will be taking 225C 2-4 weeks out.
SQ declines further in a wave (v) with decreasing volume, so that we can look at two specific levels if bulls step back in.
Elliott:
We can count a wave (v) in blue. In the most optimistic long-term EW count, the end of this wave could potentially complete the entire ABC correction since 5 August. The idea is to build long exposure, just in case this EW count is...
I've got $220 puts for $SQ expiring in 3 weeks, I think $SQ could break here. Once it breaks $225. So far the $227.4 level is being defended with some volume but seems weak here. I think $220 can trade and even continue to fall into that tiny gap around $160 in a few more weeks. Time will tell. Size accordingly. A bear put spread play is also not a bad idea...
SQ has bounced back from support @ 249.5 using Aspen Trading Support & Resistance Levels.
It seems poised to go up all the way up to 265. Another tailwind might be the positive earnings today.
Please like, share and follow if you agree with the analysis.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information....
NYSE:SQ recently hit $261 & got shot down. Has a good support at $252 & bouncing back up. It's heading towards $260+ as per 4hr chart. Love to see how much it goes up before the Earnings Nov4. FYI - Valid only before Earnings.
Hi everyone,
Today we are taking a look at NYSE:SQ perfomance.
As always, I've put the stock inside my boxes.
NYSE:SQ has been trading with high volatility inside 190-280 range for almost a year now.
Key demand areas:
191-197
222-230
Key supply area:
281-288
My outlook:
To go for ATH we have to break 290 and consolidate above.
To start a...
NYSE:SQ is trading within a Bullish Flag. It held the bottom trend line of the flag today. If this holds tomorrow it should bounce back up to $257 -> $262 -> $264 considering the Earnings coming up in Nov. NOTE: Since SQ is invested in Bitcoin, should always keep an eye on Bitcoin price movements.
