This post discusses the usefulness of technical indicators. We can conclude that the question of whether or not technical indicators are useful depends on many aspects, such as indicator settings, interpretation methodology (contrarian/trend following) etc. 1. Introduction Since the introduction of technical indicators, academics have produced a significant...
Hey guys! Today, I'm launching a video series about how to actually make money in the markets. This is the first video. At this point, it's a cliche, but I'll say it anyway: The first step to making money is not losing money. So many people lose money by committing unenforced errors. This video is simply about helping people see the obvious mistakes they are...
Square/Block is Great stock if you are thinking about adding a software, crypto and financial services stock to your watchlist/portfolio. It is currently showing a possible sign of reversal, but I think it has a way to go down! The original Heavy buying positions from IPO '15 to ATH in '21 is the $71 area! The next set of buyers are @$32.25 area! Which is good...
SQ ran like a mad man yesterday. I can see some exhaustion/ reversal volume on the chart and there's a battlefield of supply around 80s-90s (see square). There's also 100SMA standing in the way. I can see SQ retest in mid 70s. Unless they murder earnings this afternoon.
Block - Short Term - We look to Buy at 71.84 (stop at 61.55) Price action has formed a bullish ending wedge formation. A move through bespoke resistance at 71.84 and we look for extended gains. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. Preferred trade is to buy on dips. Expect...
I entered here at 73.46.. Im going to be holding long.. I believe that this will endure a small pull back to 80 but otherwise in for the long haul.. next stop I'm foreseeing 100.
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Is that a break out? Lets see in the coming days. Follow me for trading ideas!
Double inside week on SQ. Break of 60.88 to the downside or break of 66.88 to the upside. JUL 22 69C or 59P could work
There is a daily wolfe wave setup that triggered on Jun 21 closing day at 60.52. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 94.85 which is expected to reach this price target before July 6. Projected...
Buy Above 67 TGT 1: 70 TGT 2: 73 SL: $ 63 Sell Below $ 60.50 TGT 1: 56 SL:63
Block, formally Square, has came back to earth after its recent orbit to the moon. After a parabolic uptrend, key levels to watch for are an 80% retrace. Which happens to line up near the fib line. I'd expect an accumulation phase to take a while. SQ is a good stock to own during times of high inflation. Thanks for reading!
inverse chart looking for double bottom to break 64.30, potential entries anticipating this break or to continue the break.
$SQ attempting a breakout of channel, we will have to see over the next few trading sessions if it will hold or break back down into the channel. My guess would be it will break back down if we look back towards the last few attempts, but upside could be quick and violent if it finally comes. The Trend is Your Friend. my position is 1 option contract - July 29...
Hello all, I'm currently watching SQ as a swing long on a potential pullback into the end of the week to benefit from a potential market bounce that I've been anticipating into the end of July; I think we are repeating patterns across the board that we made in the lead-up to the march fakeout Rally- made a rectangle around where I suspect we are in said lead-up. ...
NYSE:SQ inverse chart anticipating higher low, and break of pivots (62.32, 61.03, 59.08)