Square is a great company, off ATH's, retraced during the market 'correction', looking ready for the next leg up or at least some recovery. First target is $270. Enter next week $270's at $1.15-$1.20
Been awhile since I got a chart out on SQ, so here it is. I believe that we are still looking for wave 2 bottom, and we are in a flat corrective structure. This means that our wave 2 bottom should be somewhere around where a bottomed. From there I see us having a wave 3 PT of 265+. I will be watching for the dip and looking for bullish divergence and algo...
SQ: Bull / Bear Potential Play - Gaps On Both Sides
Rejected Off Weekly Resistance Of 240 10/11 & Bounced @ Key 232 Region, Creating A Higher Low. Ran 21 Points(9%) Rest Of The Week. Made A 3 Point Gap In Process & 2 Demand Zones. . Possible Bounce Play @ 250 Or Flush Towards 245 Before Rallying Towards 255+ Daily Stochastic/ TTM To 3HR Bullish Or Neutral. 2HR &...
$SQ - Forming daily descending broadening wedge , watch for calls above trend line or reject of trend line for puts
Currently SQ below daily pivot, watch for short term calls above 251 for 256 target
$SQ is getting interesting once again after dropping hard from its all time high at 290. A move above 252 puts it back into play for a possible pre-earnings run. Keep it on your radar
This is a very classic setup on SQ. Buying off daily 200 on a double bottom. And in the last 3 bars it was a perfect breakout. Nice close today. Nice increasing volume on the long bearish dip in Oct 4th meaning people are trapped. Nice 1.4 risk/reward ratio.
But the experienced trader inside me is yelling and saying I should buy the stop of this classic setup....
Despite Bitcoin strength and an Analyst upgrade, Square stalled and got rejected precisely at 251 Gann level, slightly above the 50-60% retracement zone.
Our idea then was to build short exposure, as we can count a complete wave (b), expecting further downside.
Price is back at the volume node low today. Should price turn and make a higher high, the count needs...
Square, not looking too hot after Friday's sell off, but lets discuss what we are seeing.
So anyone who follows my postings knows we took a trade on square during the initial zig zag down and caught fire on the bounce back into the 260+ range. Unfortunately we flushed into a complex correction, but was able to grab profits on the run up to have a free position....
WATCHING $SQ for 192- Analysis & Key levels
There is lots of bearishness happening in this chart on a larger scale. SQ was rejected at the resistance at 290 and has travelled back down toward the 50MA… and even though it did bounce off of it, I believe there are enough bearish technicals to bring this under and toward correction territory.
The Weekly MacD is...
Nice run yesterday, if it can hold above yesterday's high (239.3), it could be a nice scalp or couple day run. If it can break above trend line, it can fly to 268+!
AAPL 1D I Watching AAPL for a breakout from this downtrend on the hourly. Expecting a breakout and run up into earnings days before reporting on 10/28.
SQ 4H I Possible bullflag on SQ expecting a bounce above $230 to possibly test $250+. Last Friday bullish activity on SQ $245c 10/08 @ $2.87 was picked up.
TSLA 4H I Watching TSLA for a break above $800 or a...
SQ is my only priority going forward next week. SQ with an inside day currently sitting on long term support. There is also tailwinds coming from crypto with the start of a new uptrend in BTC. On the 1H we have an inverse H & S with a clear downtrending neckline. Target is the gap fill at $258. I also think SQ is a swing play. Price has consolidated in a...
