$SQ possible double bottomNot Financial Advise.
Currently NYSE:SQ on downtrend channel, and possible double bottom coming ahead at around $33
−0.67AUD
−780.039MAUD
25.29BAUD
About BLOCK INC.
Sector
Industry
CEO
Jack Patrick Dorsey
Website
Headquarters
San Francisco
Employees (FY)
12.428K
Founded
2009
ISIN
AU0000187353
Block, Inc. engages in creating ecosystems for distinct customer audiences. It operates through the Square and Cash App segments. The Square segment provides businesses the ability to accept card payments. The Cash App segment offers an ecosystem of financial products and services to help consumers manage their money. The company was founded by Jack Patrick Dorsey, and James Morgan McKelvey in February 2009 and is headquartered in San Francisco, CA.
$SQ Block, unfilled gap SQ and tech getting beaten down facing headwinds of rates and slower consumer demand. No immediate action but will watch for reaction at 42 area gap fill of a gap left from the 2020 turn around.
SQ has hit a new lowSQ has hit a new low
This figure shows the weekly candle chart of Block Company's stocks in the past three years. The graph overlays the top to bottom golden section for 2021. As shown in the figure, the stock of Block Company fluctuated and organized in a rectangular range that remained relati
SQ Massive Breakdown ComingSQ has been in a range for about a year and has finally gapped down below all support on volume. The CEO stepped down so that's a bad sign for the company. The last two weeks of Sept and the first two weeks of October are sometimes down months so the odds are good that it will drop pretty fast ove
Another 2 years whiplash between $50 and $100?Huge gains and huge losses possible here. 2018-2022 we had almost 2 full years of whiplash between these values before the COVID BUBBLE sent us higher.
Are we back and ready to bounce around here?
Huge swing trade potential if this proves itself out.
#Block $SQ #Bitcoin CompanyShould test the falling parallel trend line at around $45. Block is a payment company, owns cash app. Its tied to bitcoin price. It will reverse when BTC reverses. When Bitcoin up/down, Block up/down too.
SQ create M shape#SQ filled gap up at 53.2,
IF #SQ hold above 53.7$, can back test 57-58$
support 51.8$
SQ creating M shape but i expect SQ need a bouncing from 57 up to 77$ before running M shape ( bearish pattern)
SQ at $ 53.10 and Bull Debit Spread has 354% Profit Our pivot point is at 50.
Our preference
Short term rebound towards 64.3
Support at $ 50 and Resistance at $ 70
Bull Debit Sprtead $ 70 and $ 75 has 354 % upside Strike date 16 June
$SQ - May have found a baseNYSE:SQ Square looks to be basing with the MACD is curling up. The risk-reward here looks good for a bounce.
The sell-off from the Square outage was probably overdone.
If it can break $55, it could run to the $60-$62 area.
If it breaks $50, however, it could see further breakdown to the $43 are
SQ | Block| Purchase zone 15-17 $Medium-term long position.
The instrument purchase range is $15-17
I suggest buying an asset from the level of $ 15-17
When we reach these levels, I will make a further forecast. Stay tuned to find out more ideas.
See all ideas
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