Block lookin sexy AF. Bought shares today and will add more if this tries to shake people by the sideways.
Technicals :
Hagopian Line Support
50 Algo Target Acquired
Wave 4 Pattern
Initial Target: Mid 100s
✌️
This is over earnings. The 90/95 bear call spread is above the 100 sma on the monthly.
The 60/55 bull put spread is below the 100/200 sma on the daily and 100sma on the weekly
Simply expecting NOT a huge gap on earnings and allow the IV to fizzle out on this one. Since we are getting $1.00+ on a $5 margin, this is 20% ROR
:)
Going for 1.02 of credit :-)
🔉Sound on!🔉
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Dropping this here to see how it plays out. this is prob one of the greatest features of tradingview. its almost like a journal for these things
ofc everything depends on premarket but my play is on the chart lets see what happens
Bitkey, the innovative self-custody bitcoin wallet developed by the Proto team at Block, Inc. (NYSE: NYSE:SQ ), is poised to transform the landscape of bitcoin ownership and management. With the commencement of shipping for its first hardware devices and the introduction of advanced security and recovery features, Bitkey empowers users worldwide to securely own...
SQ - Right and Left shoulders almost similar width.
👍 Weekly Slow turtle signal has triggered.
👍 FiFT is +ve with Higher High.
👍 MCDX Retailer is below 10% ..
👍MCDX Banker is above 50% and Strong.
Next :-
Need to stay above 100 EMA lines
Then breaks above 92-94
Look for break and retest 92-94 to add position.
SQ is testing this downward resistance it's been stuck under since about May 2022. This is the fifth attempt at a breakout, so you have to wonder if it's finally time. Creating a bit of a cup and handle on the daily chart, and now comfortably above the 200 EMA. A high volume break or a red to green open should send this above resistance. Initial targets $90 and $100
taking a look at NYSE:SQ on the daily as well as the 4 hour looks good for a breakout
see a spring then the bulls were too strong to even let it backtest previous levels.
they did however leave a gap in the middle there but momo may be too strong to even care
the way this market is going idk what its going to take for a change in sentimet.
20% upside before...
Block NYSE:SQ - Block has been consolidating in this 50% zone for some time now. We are looking to see if it can flip to the upside of that zone. If it can flip to the upside, then there is 250% potential move to the all-time high. Block is one to keep an eye on.
one more re-test of incline RSI trendline
This stock has been developing bullish divergence for quite some time
on the mid-term therefore am expecting another re-tracement to touch the supportive RSI incline
I think after then that will be a new low and will create sufficient bullish divergence to send the stock up on its final launch on a good long opportunity
