$SQ Trading it 3/29, Top Gainer Playabove 139 (with test for support)
144-147 possible intraday
idea only valid if market green/positive 2morrow
#optionstrading #options #daytrading #tradeideas #stockmarket
SQ2 trade ideas
$SQ on 30min CUP and Handle Pattern$SQ on 30min Cup and Handle Pattern
What are your thoughts?
Thanks-Kelly :)
SQ - Push To $155 Looking Very PossibleSquare Inc from a Technical Analysis perspective, looks like it's ready to push far and high to $155+.
one of my favorite long setups, watching closely! SQ broke 4 month downtrend, retest bounce off cluster support and now off to the races!
watching closely now and I'm excited to ride this one back to all time highs in the next few years.
my short term price targets are 159.87-193.47-216.46
SQ - Predicting Bullish Uptrend as per technical chartVery Bullish on SQ . Technical chart looks amazing if its cross 131 then good possibility to cross 160 within next 5 days -8 days .Nice support at 20 ema , and 50 ema above to break will push price higher just wating for confirmation if 50 ema breaks above.
good luck enjoy the trend.
Watching SQI think a possible good swing set up is playing out on SQ. I may be a little patient before entering but i will give my opinion for those who enter this.
Price has broken well out of the downward channel and has passed the 50 sma. I believe that if the price action continues like this, a golden cross will be imminent shooting the price higher up.
A double bottom has also formed at the end of the channel. The price right now is in a supply zone therefore i suggest waiting for candlestick confirmation and a breakut of the supply zone for proper bullish momentum.
PT are 170 and 203 (the 200 sma). I think this swing play can take longer to play out but i believe there is potential.
Like always use stop loss. I would use 125 but 116 (the 50 sma) can also be used as a more aggressive stop loss.
DYOR
Flagging- Bullish - UpdateSQ catching my eye here after finally picking up some momentum after taking a beating along with the rest of the fintech stocks of the likes of UPST ROKU AFRM PYPL etc. However, with buyers stepping in and reclaiming the 50-day EMA, will certainly be eyeing SQ in the coming weeks for another leg up. Buyer volume is steadily increasing relative to seller volume, hidden bullish divergence on the RSI on nearly every timeframe, bullish ABCD harmonic pattern on the daily timeframe as well (Not Pictured). Falling wedge accompanied with a MACD golden cross on the weekly timeframe, bullish hidden divergence on the RSI, and a bullish Gartley harmonic pattern formed (See Attached Chart Below). Bullish and will be watching closely for another push up as buyers continue to step in (broader market conditions permitting)- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on in the meantime-
Previous charts & Price Targets attached in the description below
PT1- $138.47
PT2- $142.49
PT3- $145.15
PT4- $146.81
--Weekly Timeframe
--Previously Charted
Block Breaking Higher? Block - Short Term - We look to Buy at 128.09 (stop at 115.10)
Preferred trade is to buy on dips. 50 1day EMA is at 124.21. Previous resistance at 130.00 now becomes support. 5 positive daily performances in succession. There is scope for mild selling at the open but losses should be limited.
Our profit targets will be 168.31 and 185.19
Resistance: 150.00 / 170.00 / 200.00
Support: 130.00 / 100.00 / 83.00
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SQ to $160 As price was moving higher in parallel with volume we could see SQ react around $160 and reject.
SQ - trend could be reversing upSQ is now formiong a potential inverted Head & SHoulder's formation, a breakup of it's neckline @ 132 could confirm that the trend is reversing to up.
When a breakup does happen, a re-test (pullback) of the neckline is not uncommon but as long as it does not breach this level, then the neckline will become the new support, with potential H&S target @ 180 (abt 36% upside from the neckline).
Let's see if this trade will pane out.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
$SQ with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SQ after a Positive Under reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
$SQ #Block formerly known as SquareAs with many stocks, i Square plumeted and had a enourmous bull run, It has no fully retraced and made the former pandemic top a support. Long on this one!
$SQ trading it 3/7over 113 116-118.5 possible
under 105 99.5-102 possible
#intradayoptionstrading #daytrading
NO bias, plan for red or green day. chop/ranging = hand sitting
$SQ Curling$SQ looks like it's starting to curl up. It's oversold on the weekly and the MACD is getting closer to green. We may see a run back to the bottom of the channel to test support turned resistance at 192. If we break through the channel, we could see a test of 281.
SQstrong rejection of the level from a decent green candel . a pullback that might result in a second rejection and start of a new uptrend
SQ Forming Resistance SQ forming resistance around $125 and it does not break we can see a downtrend.
SQ: Could this be the beginning of a reversal?Hello traders and investors! Let’s see how SQ is doing today!
First, in the 1h chart, we see early signs of a bullish reversal going on. After earnings, it did a strong breakaway Gap, and it seems nothing can hold SQ anymore.
However, pullbacks are expected, and the 21 ema is our first support level, which is holding SQ nicely so far. What if we lose the 21 ema? Then the retracements are going to work as supports. The 38.2% ($ 113) is the most interesting to me, and I’ll explain why in a few moments.
Since SQ has too many support levels, it won’t be easy for the sellers, and we would need to see a clear bearish structure in order for it to hit the $ 80s again. So far, SQ seems fine.
In the daily chart, for the first time since November 2021 it is trading above the 21 ema, a very good sign, but we don’t see a clear bullish structure here. It would be great to see higher highs/lows, therefore, a pullback might create the opportunity for SQ to build a true reversal structure in the daily chart.
To me, the moment for a correction is ideal: We just hit the previous resistance at $ 130 area (red line), and since we are above the 21 ema in the daily chart, this indicator is now a support level for us. Coincidence or not, the 21 ema is at $ 113, the same price level of the 38.2% retracement in the 1h chart. This tells me the $ 113 is an interesting key point to watch from here.
What reinforces a bullish thesis is the volume. Yesterday it dropped with decreasing volume, meaning that there is no true sell pressure on it. Remember the Dow Theory 5th tenet: The volume must confirm the trend.
To me, SQ is about to do a reversal, but we must be careful, and always wait for confirmation, as we lack bullish structure in the daily chart. I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses!
SQStrong bounces the past few days but into resistance zone now. Hard to be bullish below $133 imo. Watching.
SQ - Back to pre-covid levelscatching a falling sword only brings hurt...no reason whatsoever to bottom fish at this level...if 100 is taken out, next level is way down.
If you are a believer (aka LT investor) you might want to dip your toes a little. There is a good support at 100 and structurally, company is not worse than what it was pre-covid.
