I'll be watching SQ closely on Monday pre-market and opening.
Long-term, I think Square is a great hold, but there could be a nice dip entry coming our way with the head and shoulders pattern becoming obvious.
There is news emerging that Square's cash app has been prone to hackers. There have only been 6 reported incidents according to Yahoo Finance, but if this gets a bit bigger and the stock dips this coming week, we will form a Head-and-Shoulder pattern.
As I said, long-term I am very bullish. With NFT's being linked to creative pieces of work, Square's acquisition of Tidal (HOVA!) is gradually starting to make sense. This is clearly a vision Jack Dorsey has -- just seeing that he is selling his first-ever tweet through NFTs. This is great long-term thesis, in my opinion of the company continuing to grow over the next 5-10 years. But, I am personally waiting for a re-entry at a better price. I expect it to come our way soon.
Good luck!
Long-term, I think Square is a great hold, but there could be a nice dip entry coming our way with the head and shoulders pattern becoming obvious.
There is news emerging that Square's cash app has been prone to hackers. There have only been 6 reported incidents according to Yahoo Finance, but if this gets a bit bigger and the stock dips this coming week, we will form a Head-and-Shoulder pattern.
As I said, long-term I am very bullish. With NFT's being linked to creative pieces of work, Square's acquisition of Tidal (HOVA!) is gradually starting to make sense. This is clearly a vision Jack Dorsey has -- just seeing that he is selling his first-ever tweet through NFTs. This is great long-term thesis, in my opinion of the company continuing to grow over the next 5-10 years. But, I am personally waiting for a re-entry at a better price. I expect it to come our way soon.
Good luck!
Trade active:
Looking stubborn. If the trend line support breaks (ie if it goes below $ 220) it'll be H&S territory.
Anyone looking to swing trade, this is a great entry with a stop loss at 219.5 if you'd like. I am personally waiting on SQ to present a better entry. Took a swing on Visa instead today -- have posted a chart on V too.
Good luck!
Anyone looking to swing trade, this is a great entry with a stop loss at 219.5 if you'd like. I am personally waiting on SQ to present a better entry. Took a swing on Visa instead today -- have posted a chart on V too.
Good luck!
Trade active:
Who is still watching 👀
You all may be aware the H&S is now obvious is many similar trades, paypal, BIDU, SHOP, CRSP... I call it Cathie Wood's head and shoulder 😂
Good luck!
You all may be aware the H&S is now obvious is many similar trades, paypal, BIDU, SHOP, CRSP... I call it Cathie Wood's head and shoulder 😂
Good luck!
Trade active:
Don't you just love it when a stock plays out exactly on the lines you marked?
Bounce! I think we could see a nice rally up here -- but my target of $180 remains for coming months. I am expecting it hits towards summer. Great buying opportunity ahead if you're not already in a swing with SQ from the dip.
Good luck!
Bounce! I think we could see a nice rally up here -- but my target of $180 remains for coming months. I am expecting it hits towards summer. Great buying opportunity ahead if you're not already in a swing with SQ from the dip.
Good luck!
Order cancelled:
SQ will a monster move. It's above the right shoulder now so H&S didn't kill it. While I do expect market weakness to return closer to summer, I will need to re visit the chart closer to the time 🙂