The weekly chart of SQ showed a strong rejection of higher prices at Vwap with an increase in volume and if history is to repeat itself and we have a huge move down like we did on October 19, 1987 then I see prices going all the way down to $10 next week. Its possible for a move of this size because SQ did drop this much on the week of May 9, 2022. The $10 target...
Price action and volume tells me that there is no demand at this level so price should drop lower down to just above $30 where it may bounce again. With this conflict going on in the middle east, prices may just blow through this support area down to $20.
As you can see here, we are coming up on a demand zone area from back in March 2020. We are touching the bottom line of the Bollinger bands and the bands are opening up meaning there could be volatility for a big move. We are also oversold on the RSI as well. I would wait for a big move off of the band with high volume and target the upper Bollinger band. The...
I Won't be surprised if we dip a bit more to 33-38 level then start to see some double bottom bounce from support we found back in the covid crash...
Did get stopped out on my long a while back, but still on my watchlist for now.. boost and follow for more.. thanks 💚
NYSE:SQ underwent consolidation in the same area from 2018 to 2020. It experienced a sharp decline after breaking out of the consolidation range before skyrocketing. It took a total of 81 weeks from the beginning of consolidation to the final plunge below the consolidation range. It then took just 3 weeks to climb back into the range, which is above $55.
Fast...
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 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 relatively low from May 2022 to the previous week. This week, it has hit...
SQ 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 over the next four weeks. Fibonacci extensions show $10 as the low...
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.
Should test the falling parallel trend line at around $45. Block is a payment company, owns cash app. Its tied to bitcoin price. It will reverse when BTC reverses. When Bitcoin up/down, Block up/down too.
#SQ filled gap up at 53.2,
IF #SQ hold above 53.7$, 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)
NYSE: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 area. So know your risk and manage accordingly.
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NYSE:SQ It is at extremely important support area. The Yesterday's outage caused the stock to break below $55, which was critical.
In the past, Square has been able to bounce from $50-$53 area.
Losing $50 would spell trouble for Square.
Bulls need the price to climb above $55 quickly.
SQ recorded significant net buying / accumulation at the current range. Volume has surged 21% over its average numbers conveying buyers positioning in anticipation of technical and fundamental growth.
SQ has dramatically overextended its multi year correction from a peak at 283 back in August 2001, a pandemic era. Recent price movement is hinting of a trend...
After leaving Twitter to solely focus on Bitcoin, I believe the re-brand of Square to Block is going to be huge in terms of direction for the company.
Bullish on Block, one of the largest Bitcoin focused companies paving the way for mass adoption.
This is the next generation of banking.
Don't underestimate the Jack.
SQ - Block (also known as Square) is at the Discount Price Level. It may be tie to dollar cost average into SQ. This level has shown to be a discount level about 4 times in the past. Remember past performance does not dictate future results. Also, fundamentals trump technicals every time. Do your research and determine if this technical analysis matches...
