Concerns over slowing growth but increasing competition has lead to weakness in SQ, which looks set to continue as all indicators are signalling more pain ahead. They bears are well and truly in charge and the 10% short interest looks set to grow.
Square looks intriguing, no doubt earnings report, has played a part in square’s price action, but she did land right on that long trend line, might be a clean entry here, trade safe
peace
freddy
SQ (Square)
Support at 60 because of previous support.
Resistance at 70 because of previous resistance.
Price action is looking to be bearish at the moment but we are approaching a level of support.
Looking for either a bounce at the 60 support or a break through the 60 support for a push down lower.
Predicting that SQ break down under the 60 support and fall...
The formation was 'falsely' started (and entered) from above, which poised the formation to fail (later on). And so we measure the excess above the formation, the "peak", and add it below the formation, as the "valley", but we subtract the top portion of the formation-bust "B1" from "A2" in order to account for the down-move.
SQ under $59.89 is a strong-sell to...
Chart says it all. Square is in trouble, and looks poised for a visit into the 50's.
T1: 59
T2: 55.50
T3: Dec Low 49-50.
Below that and buy with both hands.
SQ has alot of potential. While it follows a trend of falling and then eventually regaining lost earnings, if SQ can manage to break Bulls at above $67.00, I can see the potential of it eventually rallying to $70.00 but there is also the potential of it reaching all the way back up to $80.00+. Though SQ has a resistance of $64.00-$66.00. Each Milestone SQ has...
SQ is finishing a double top pattern with neckline support at $60.60. A breakdown through this neckline would cause further retracement to the $52-55 level. Small cap index's look very bearish right now so i would expect we can see a breakdown to these levels by next week.
nice bottom regardless small green doji candlesticks- reversal for mots indicators but MFI is facing challenge on coming days . Volume must increase to stable the new uptrend move . Support at 63 final target is green boxes around 74
Bullish for long tern..
Square, Inc. (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment. With its offering, a seller can accept payments in person via magnetic stripe (a swipe), Europay, MasterCard, and Visa (EMV) (a dip), or Near Field Communication (NFC) (a tap); or online via Square Invoices, Square Virtual Terminal, or the seller's Website. Once on its system, sellers gain access to technology and features, such as reporting and analytics, next-day settlements, digital receipts, payment dispute management and chargeback protection, and Payment Card Industry (PCI) compliance. On the consumer (buyer) side, Square Cash offers individuals access to a way to send and receive money.
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SQ
