Looks like time has come to buy this stock. As long as it remains above that bottom trend line and stays above 52, it could very well hit 64 where it will meet its first resistance. If it stays around 64 and crosses it, next stop would be at 74.
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.
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...
As you can see here, we are coming up on a demand zone area from back in March 2020. We are touching the bottom line of the Bollinger bands and the bands are opening up meaning there could be volatility for a big move. We are also oversold on the RSI as well. I would wait for a big move off of the band with high volume and target the upper Bollinger band. The...
SQ has hit a new low This figure shows the weekly candle chart of Block Company's stocks in the past three years. The graph overlays the top to bottom golden section for 2021. As shown in the figure, the stock of Block Company fluctuated and organized in a rectangular range that remained relatively low from May 2022 to the previous week. This week, it has hit...
SQ recorded significant net buying / accumulation at the current range. Volume has surged 21% over its average numbers conveying buyers positioning in anticipation of technical and fundamental growth. SQ has dramatically overextended its multi year correction from a peak at 283 back in August 2001, a pandemic era. Recent price movement is hinting of a trend...
SQ - Block (also known as Square) is at the Discount Price Level. It may be tie to dollar cost average into SQ. This level has shown to be a discount level about 4 times in the past. Remember past performance does not dictate future results. Also, fundamentals trump technicals every time. Do your research and determine if this technical analysis matches...
SQ is currently at local resistance but after a massive sell-off, I would expect continuation to the upside short term. -------------------------------------------------------------------------------------------------- Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts...
On the 30- minute chart BLOCK ( SQ) broke down from a VWAP pop last week into a drop this week to earnings which were a 7% beat on earnings. MACD lines are about to cross. he lower RS line in green is showing bullish divergence while the mass index signal is in the reversal zone looking to trigger with a fall. Finally the narrow range or flat candlebars at...
SQ ER analysis is here. I am bullish. Please understand the process of rice which has been clearly explained in the analysis. NOTE:DO NOT TRADE OPTIONS
Entry: when price clears 67.62 Volume: with daily volume greater than 9.27M Target: 73.5 area Stop: Depending on your risk tolerance; 65.66 gets you 3/1 Risk/Reward. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not...
I am going to start doing things a bit different for my charts so please leave in the comments below if this chart or way of looking at it is better and understanding the text also. Wave 1 Price at high $89.95 (10/14/22-2/1/23): These dates represent how long the waves lasted as we progress through them. The green wave count in the smaller text is wave count...
NYSE:SQ followed 102 Day Bearish trend, which was reversed 35 days ago with bullish divergences and increasing bullish volume. Since then, the trend is following a parallel channel. A trendline break out of this bullish run was confirmed 19 days ago. Trade Plan with 2 Entry Points Risky Entry Entry @ 66.60 TP @ 71.78 SL @ 63.27 Risk = 0.5% RRR =...
Simply based on HH and HL forming a bullish channel Can be a road to recovery for the recent high peak of $90 Entry can be @ 75+ to be on safe side where Fib golden pocket is or if there is momentum then Entry @CMP or 70 SL @ 60 TP 1 @ 72 TP 2 @ 90
SQ broke above the downsloping resistance and now it's ready to pump higher. Long now or buy the dips if it dips into the buy zone. Targets: 91$ , 144$
Hello everyone, Block got left behind in the recent Fintec bull-run. In my opinion, it is hugely misspriced as it is not yet in the eyes of wallstreet, but given that it is sitting on the support levels, the company is expecting profitability by the end of the year and over-all the great health of the company, this really gives us a nice set-up. The Stop-loss...