hi traders, Let"s take a look at SQ chart on the 4 hours time frame. We expect the price to bounce until it reaches the resistance line. The short position can be taken after It reaches the resistance line. Entry, Stop loss and target are shown on the chart Risk-reward ratio: 4,88
NYSE:SQ has been on a tear recently but is now starting to pull back with the rest of growth names. It looks like it may be forming an inverse head and shoulders here and it's bull flagging. Target 1 = 80 near the neckline for the IHS. Target 2 = 91 top of uptrend channel from November bottom. Target 3 = 103 top of long term uptrend channel in green. Bull flag...
The descending triangle is a chart pattern used in technical analysis. The pattern usually forms at the end of a downtrend but can also occur as a consolidation in an uptrend. A regular descending triangle pattern is commonly considered a bearish chart pattern with an established...
Hello, everyone, as always thank you for reading and looking at my analysis on $NYSE:SQ. As you can see here on the daily chart, we are currently in a major supply zone. We are over-extended from the 200 MA, we are oversold, and the buying pressure on the MACD is slowing down. Now, all I am looking for is a strong bearish candle with a valid volume day to confirm...
Block Inc (SQ) is showing signs of a bullish reversal on the monthly chart, as it displays a divergence between the price and three momentum indicators: RSI, MOM and OBV. The price of SQ has been making lower highs and lower lows, forming a descending channel pattern. However, the RSI, MOM and OBV indicators have been making higher lows, indicating that the...
Within channel charting - invalidated if broken support line. Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Give a thumbs up if u like the analysis :)
Are todays hot stocks tomorrows winners? Over time we will know. SQ, BE, Snap or NVDA? From the October low to 25 Nov the market has seen significant momentum. These are my stock holdings. SQ has made the biggest contribution in November. Plotting your holdings can help in deciding what to hold and what to sell. Now could be a good time too cut out the poor...
SQ very oversold RSI reading below 20 Last time it was THIS low, it pumped from ~$102-$130 before making dumping to make a local bottom (drop to ~$85 and then another pamp to $145). Some quick fast nice profits. Anticipating it should mimick similar and pamp to at least $49-$59 from this area before dropping lower. Patterns tend to repeat and mimick,...
Medium-term long position. The instrument purchase range is $15-17 I suggest buying an asset from the level of $ 15-17 When we reach these levels, I will make a further forecast. Stay tuned to find out more ideas.
Ah yes... I remember the good ol' days of Square (now known as Block). It was one my best investments in my short career as a trader/investor. Way back when, the story was quite obvious: they had created the best solution for small businesses to sell goods & services either in a store or online. It was fast and effortless. The rise of Block, and subsequent drop,...
Bought NYSE:SQ on 11/2/2023 at market close and closed the position on 11/3/2023 at market open. Net 15.51% profit.
3-day death cross is showing as converging on this 1-day chart. It is almost certainly unavoidable. Or I should say, there is a high degree of probability those moving averages will cross to the down side. An ugly week ahead for this San Francisco mobile payment company. If $27 does not offer support.... will reexamine at that point.
NYSE:SQ Bearish to Bullish Reversal Bottoming Pattern with a bottoming pattern developing.
Square-parent Block (SQ) on Thursday reported third-quarter earnings and revenue that topped estimates. SQ stock jumped on preliminary 2024 guidance for earnings before interest, taxes, depreciation and amortization, a key metric known as EBITDA. Released after the market close, Square earnings for the period ended Sept. 30 were 55 cents per share on an adjusted...
Head and shoulders pattern identified on the weekly chart. I will be watching for a break or retest of the 52 week low or a break and hold above 47.50. A break below the 52 week low would confirm that market participants want to take the stock lower. However, a break and hold above 47.50 would confirm that participants are interested in taking the market...
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...