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.
Very bullish short-term after breaking above this massive trend line. i’ll look to follow it to mid 80s at least. SQ heavy in the crypto space and it will probably follow btc whenever it decides to go to new ATH
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...
This Candle was NEVER Squared Up. Are we going to see 4200?
This Candle was NEVER Squared Up. Are we going to see 4200?
If down more, up-arrow marked area will be an expected bouncing point.
Square has been extremely volatile over the past year, acting as an ATM for bulls and bears alike. From a purely fundamental perspective, their revenue is directly correlated with the health of American small businesses. Fewer swipes results in fewer merchant fees. The same could be said of their lending product, which requires a healthy revenue stream in order to...
Update on $SQ: In my previous analysis, I mapped out the price to continue upwards in the upwards channel but instead we went sideways. We are now in a bullish pennant, waiting for a break to the upside. The bullish trend is still intact as indicated by the weekly Ichimoku Cloud. And as we all know, bigger the time frames, the more reliable Ichimoku is. In my...
The light draws bitcoin up. Math is Geometry Vibration Harmony Equation These are the squares that control bitcoin.
WD Gann Time Cycle working in 2019 Euro This is my 4th time to post real time forecasts in Tradingview. I could end up be way off on this single prediction, but trading is not about one single trade but with lots and lots of trade of repeated set up. And similarly, as a trader, we draw trendlines , listen to news, and have an expectation of what will happen...
Square has potential for profitable swing trade as we are in a upwards channel. As we saw last week, price held well against the SPX500 during its correction. We now see that the candle bounced off Span A of the 1 week cloud (shown above): keeping the upwards channel valid. Price is also currently sitting above the 26 average line (red line). This shows us that...