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SQ

Block text book inverse head and shouldersThe weekly chart of Block, Inc. (SQ) displays a textbook inverse head and shoulders pattern, a classic bullish reversal setup. After consolidating within a range for an extended period, the price appears to have broken above the neckline, signaling potential upward momentum. The target range, indicated by the blue zone, aligns with historical resistance levels. Key observations: • Neckline breakout confirms the pattern. • Support levels to watch: $86.83 and $88.16. • Potential 🎯 Target: $198.06, aligning with previous highs. • Indicators such as RSI and Ichimoku Cloud complement the bullish outlook. This setup suggests a favorable risk-to-reward ratio, but patience is key. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Always perform your own research and analysis. Past performance does not guarantee future results.
NYSE:SQLong
by JoE
Square ($SQ) Set to LAUNCH! 84% Upside!🔥 Square ( NYSE:SQ ) Ready to Skyrocket! 84% Upside! 🚀 📢 High Five Setup Alert on Block ( NYSE:SQ )! My H5 Indicator is flashing green, signaling a prime opportunity to take a position in $SQ! Key Highlights: Bullish Breakout: We’ve broken out of the Bullish Falling Wedge pattern and successfully retested. Volume Ignition: Launching off the volume shelf with a volume gap to fill, setting up for a powerful move. 📈 Price Targets: Primary Target: $149 Main Move Target: $162 This setup is primed for action! Will you be adding NYSE:SQ to your watchlist? Stay tuned for more insights! 👍 Like | Follow | Share 👍 Stay updated with weekly trade ideas using my HIGH-FIVE SETUP trading strategy. Don’t miss out on the next big move!
NYSE:SQLong
by RonnieV29
4
SQUARE is retesting the Inverse H&S before heading 80% higher! NYSE:SQ SQUARE (BLOCK) is retesting the Inverse H&S before heading 80% higher! The trading gods have blessed us with a pullback to around $90ish, as requested. This is the retest of the Inverse H&S pattern. -H5_L indicator is GREEN -Already broken out of falling wedge. -Launched off Volume Shelf and filling the GAP. -Fintech is starting to run -Stage 2 is just starting! Buying more here! 🎯$110 🎯$149 🎯$162 NFA
NYSE:SQLong
by RonnieV29
2
High Five Setup Alert on Block $SQ !! 84% Upside!🔥 Square ( NYSE:SQ ) Ready to Skyrocket! 84% Upside! 🚀 I posted this earlier, but a couple of people requested a video analysis on Square (BLOCK), so here it is; enjoy! 📢 High Five Setup Alert on Block ( NYSE:SQ )! My H5 Indicator is flashing green, signaling a prime opportunity to take a position in SQ! Key Highlights: Bullish Breakout: We’ve broken out of the Bullish Falling Wedge pattern and successfully retested. Volume Ignition: Launching off the volume shelf with a volume gap to fill, setting up for a powerful move. 📈 Price Targets: Primary Target: $149 Main Move Target: $162 This setup is primed for action! Will you be adding SQ to your watchlist? Stay tuned for more insights! 👍 Like | Follow | Share 👍 Stay updated with weekly trade ideas using my HIGH-FIVE SETUP trading strategy. Don’t miss out on the next big move!
NYSE:SQLong
by RonnieV29
4
BLOCK INC $SQ #SQ Inverse head and shoulders could see $200In the fast-paced trading scene, the inverse head-and-shoulders pattern is a key sign for spotting bullish reversals. This pattern features three distinct dips: a lower "head" nestled between two higher "shoulders." When the price breaks above the "neckline," it hints at a possible change from a downtrend to an uptrend. Traders usually jump in at this breakout point, placing stop-loss orders just below the right shoulder. They also rely on technical indicators like moving averages, the Relative Strength Index (RSI), and the Moving Average Convergence Divergence (MACD) for extra confirmation, creating a well-rounded strategy to seize these trading chances. Key Takeaways The inverse head and shoulders pattern is just the upside-down version of the regular head and shoulders. It can help forecast reversals during downtrends. Once this pattern is complete, it indicates a bull market ahead. Investors often take a long position when the price surpasses the neckline resistance.
NYSE:SQLong
by BallaJi
$SQ Breakout Possible SQ looks to be about to start a new leg up if it can breakout of its wedge. Sq had a clean close above resistance with increased volume on 10/10/24. It experienced an inside day on 10/11/24 with still elevated relative volume from the prior days break out. Sq rejected at the top of the wedge but did not really show any slowdown of buying just an absorption of some selling as the prior days lows were not breached. The inside day on the11th appears to be a rest day looking for continuation and a breakout out the wedge targeting 72 and 74 dollars. The next area where the stock can potentially meet supply if it does continue on its newly started uptrend would be 79.82 (rounded to 80) then 87.52, the current yearly highs, and the 89.97 which is the prior years highs. Trade Safe Every1! @T.w.i.n.e.y
NYSE:SQLong
by twiney
SQ, preppin for MULTI-WEEKLY Price Growth! 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 reversal. The stock is sitting at a 1.0 FIB level, this is beyond bargain / discount already. It is currently consolidating at a 4-year longstanding major support. This support range of 60-70 has been tested many times in the past and has proven its strength over and over. It is now currently bouncing off this range with precision. Weekly descending trendline has been broken conveying an impending trend turnaround. Histogram has registered new higher lows -- buyers are persistent on taking the price higher from the present price base. Fundamentally speaking, SQ last quarter earnings looks rosier than ever with EPS beating by 17.41% and a weighty $4.99B revenue, a 26% increase. Spotted at 67.0 TAYOR Safeguard capital always. --------------------------------- FINANCIAL DATA REFERENCE: Financials Quarterly financials MAR 2023 (USD) Mar 2023 Y/Y Revenue 4.99B 25.99% Net income -16.84M 91.75% Diluted EPS -0.03 92.11% Net profit margin -0.34% 93.41% Operating income -6.17M 96.15% Net change in cash 910.28M 133.09% Cash on hand - - Cost of revenue 3.26B 22.9% Mar 2023EPS beat by 17.41% EPS (USD) Expected 0.34 Reported 0.40 Surprise 17.41%
NYSE:SQLong
by JSAL
3
Square Stock Spikes 7% On Earnings BeatSquare-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 Cash App transactions for bitcoin. CEO Jack Dorsey reiterated the company's commitment to cryptocurrency Bitcoin in a letter to shareholders, detailing a renewed focus on Bitcoin both from a new product perspective and in terms of balance sheet investment. Square ( NYSE:SQ ) intends to develop and market a new Bitcoin mining chip and other mining hardware while 10% of Bitcoin gross profit, or $20 million per year, will be allocated to Bitcoin purchases. Financial analysts also view gross profit as a key metric for NYSE:SQ stock, with gross profit rising 22% to $2.09 billion in Q1 compared to estimates of $2.02 billion. On the stock market, Square stock ( NYSE:SQ ) rose more than 7% to 74.66 in early trading. Cost-cutting boosted earnings before interest, taxes, depreciation, and amortization, a key metric known as EBITDA, which came in at $705 million vs. estimates of $591 million. In Q1, gross payment volume from the transactions of merchant customers rose 9% to $50.5 billion, below estimates of $55.81 billion. Square expects EBITDA of $680 million for the first quarter of 2024, and in Q2, it forecasts gross profit of $2.175 billion, roughly in line with estimates. In its core businesses, Square ( NYSE:SQ ) operates a two-sided digital payments ecosystem designed for both merchant sellers and consumer buyers.
NYSE:SQLong
by DEXWireNews