Solid trendline in place going into earnings. Only Neutral because it's so close to er and it's still below the 20, 50 ema and 200sma. Will watch price action at the dynamic resistances.
SQ is forming a leading diagonal off the lows. The bottom is in for the near term, and price should head up to the sell zone at the 170-176 region. After that, price will pull back for 4-8 weeks to about the 110-120 level before beginning the big move up during W-3. Since W-3 topped at the 1.0 extension, I am targeting the 1.382 extension for W-5.
Square had finished off on the micro an ABC correction and now headed for 170s.
This Video covers general views of the above tickers, TOP view analysis (longer term charts) Weekly and daily.
Square ( NYSE:SQ ) may not be done its decline in the coming weeks. It currently sits in a falling wedge formation. After an earnings beat on February 24th, retail jumped back in, but the gap-up was quickly filled 8 days later. It continues to show signs of weakness. Last dip to $82.72 may not be the near-term bottom. If Square continues its decline, true...
$SQ on 30min Cup and Handle Pattern What are your thoughts? Thanks-Kelly :)
Block - Short Term - We look to Buy at 128.09 (stop at 115.10) Preferred trade is to buy on dips. 50 1day EMA is at 124.21. Previous resistance at 130.00 now becomes support. 5 positive daily performances in succession. There is scope for mild selling at the open but losses should be limited. Our profit targets will be 168.31 and 185.19 Resistance: 150.00...
Block Inc (NYSE: SQ), the point-of-sale payment provider formerly known as Square, is reporting its Q4 2022 earnings this Thursday, February 24. What to expect with SQ stock earnings report? The usual market dynamic of ‘good report = stock price rise’ and ‘bad report = stock price fall’ may not be entirely appropriate to expect after the report’s release. As we...
Buy Block at market (probably 92$-95$ range) than w8 some days to sell at 115$.
SQ is undervalued and oversold. As long as the Nasdaq is weak it is likely to continue to drop. I might look to layer into a position between the macro .786 and the point of control of the lower range. Good investment for a five year hold.
Once monthly RSI hits 30, its time to buy. Next month we can see big rally. Hope it will drop another 10% or so before it bounces back in March.
We may see mid 80s before it bounces back. Watch out for earnings. March could be a bullish month. Dont miss it. Strong buy from 80-100 range for a good upcoming bounce!!!
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Not sure why no one is paying attention to SQ. It's got a nice triangle forming and everyone knows I love triangles. Could break up or down, but I'm thinking up. SQ has been on a steady downtrend (down 60% since August highs), and I think it has found a nice bottom. A lot of people are fearful of AAPL's new tap to pay, but I don't see this having a significant...
Analysis done on 30 minute candles. Block Inc, formally known as Square, is trading near a 52 week low and bulls are still wary of buying the stock. Looking at their financials, the company's revenue and bottom line are moving in the right direction, but their balance sheet needs work, specifically in its asset to debt ratios and free cash flow. Square's growth...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Block, Inc. (SQ). The chart is self-explanatory. The price is in a descending broadening wedge and making an attempt to break out of the wedge. If price gets rejected it could fall into the Support Areas. RSI is at the S/R line and has potential to bounce off of it. If...
Hi everyone, As a proud bagholder, I present to you the NYSE:SQ chart. Slaughtered as all growth stocks, the price finally bounced this week for +15% gain for now. That's nothing compared to meteoric dump of the last few months. The chart. Last 2 year POC is at 230 . All-time POC is at 60 . Square has been investing into growth for many years...