Technical analysis based on the latest earnings presented by the company and projecting a decrease in interest rates by the FED for the end of the year.
Looking in to the VWAP pressure, many are above the current $72.26 price at $79.80. This could be a nice $7 move back to the place where many holders are. The RSI is still below 50 and the MACD is beginning to have buyers coming in. Let's see if this NYSE:SQ can go back to the $79 region.
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...
If you haven`t sold SQ before the previous earnings:
Then analyzing the options chain and the chart patterns of PSQ Block prior to the earnings report this week,
I would consider purchasing the 72.50usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $5.25.
If these options prove to be profitable prior to the earnings...
Square-parent Block ( NYSE:SQ ) reported first-quarter earnings and revenue that topped estimates, with guidance for Square stock coming in above expectations. Square's earnings for the period ended March 31 were 74 cents per share on an adjusted basis, up 85% from the year-earlier period. Net revenue came in at $5.96 billion, up 19% from a year earlier, including...
I know #sq has #earnings today and as you know I don't trade news so I will be waiting for my levels. It can come there tomorrow or next week or next month.
I will be waiting.
you can't mess up my psychology. I am ready to miss you #sq
#4chaartist
Block lookin sexy AF. Bought shares today and will add more if this tries to shake people by the sideways.
Technicals :
Hagopian Line Support
50 Algo Target Acquired
Wave 4 Pattern
Initial Target: Mid 100s
✌️
This is over earnings. The 90/95 bear call spread is above the 100 sma on the monthly.
The 60/55 bull put spread is below the 100/200 sma on the daily and 100sma on the weekly
Simply expecting NOT a huge gap on earnings and allow the IV to fizzle out on this one. Since we are getting $1.00+ on a $5 margin, this is 20% ROR
:)
Going for 1.02 of credit :-)
🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Dropping this here to see how it plays out. this is prob one of the greatest features of tradingview. its almost like a journal for these things
ofc everything depends on premarket but my play is on the chart lets see what happens
Bitkey, the innovative self-custody bitcoin wallet developed by the Proto team at Block, Inc. (NYSE: NYSE:SQ ), is poised to transform the landscape of bitcoin ownership and management. With the commencement of shipping for its first hardware devices and the introduction of advanced security and recovery features, Bitkey empowers users worldwide to securely own...
SQ - Right and Left shoulders almost similar width.
👍 Weekly Slow turtle signal has triggered.
👍 FiFT is +ve with Higher High.
👍 MCDX Retailer is below 10% ..
👍MCDX Banker is above 50% and Strong.
Next :-
Need to stay above 100 EMA lines
Then breaks above 92-94
Look for break and retest 92-94 to add position.
SQ is testing this downward resistance it's been stuck under since about May 2022. This is the fifth attempt at a breakout, so you have to wonder if it's finally time. Creating a bit of a cup and handle on the daily chart, and now comfortably above the 200 EMA. A high volume break or a red to green open should send this above resistance. Initial targets $90 and $100
