SQ
Square vs Paypal I own both Square $SQ and Paypal $PYPL. I've identified some demand levels where I would buy more Square than Paypal. The yellow shaded area are Square demand zones. The top line of these levels is my entry point to buy more Square than Paypal.
Square breakout to $300!Square is looking like it is about to break out of the funnel to $300! MACD with a sharp incline.
SQ Play The MoveMarkets seems to have rotated to the safer haven stocks today, such as FAANGs and blue chips. SQ, a consistent producer for the year, could be in a much needed pullback or retracement as a result. RSI trend has snapped but is still in bull zone.
Key support levels to watch are the 220, 214 and 200. Must have confirmation first, though. Purple box for ideal reversal area.
SQ Look to keep going up, but risk of a short-term pullback.Looking for a good buying opportunity in the near future.
SQ 1D Acending WedgeAcending Wedge, narrowing between trendlines.
Likely to breakout downside.
RSI divergence
MACD - no conformation yet, but might tip-off soon.
193-195: Potential target range in ~2 weeks.
Let me know what you think.
PYPL is a buy herePYPL is a good long term hold, but now were getting a good entry. Breaking above previous highs resistance becomes support. The 8ema broke above the 13sma and now price is above all the supporting averages. MACD is in a positive trend
Current SQ Owners....To current LONG SQ owners:
SELL 20% of your position at 214/share,
then sell another 50% (ie. 40%) at 238/share.
Stay out and wait for a healthy (8-15%+)
market pullback/correction to re-enter.
(likely/maybe late late Feb - April 2021).
SQ is hitting the ascending channel (blue lines)
like a CHAMP! I'm so bullish.
On the chart you'll see a rogue ascending red trend line,
which started in late September 2018,
and will be burdensome resistance for SQ
mid to late Jan 2021, is my hunch.
March 2021 SQ earnings may be the catalyst to
raise SQ again, organically, after the market-wide
pullback/correction, else, maybe June 2021.
Seems like forever from now!
BUY more SQ shares (Dollar-Cost Average):
1. anytime below 177.0/share,
2. after a market-wide correction (10%-20%),
3. SQ just correcting itself, say 15-20%.
As it's done up the ascending channel thus far.
There is suitable support at 170.7/share.
Just follow the lime-green arrows everyone, I am.
Cheers,
Cryptmando
Status: Dec 01, 2020 (not trading or investment advice, I just like numbers, and I'm a trendy guy ;) )
$SQ LongSQ is setting up on all timeframes for the next leg of this tour. if it rejects take it short, if it breaks the ascending triangle north... hop on
SQ Breakout PT 215NYSE:SQ SQ breakout on huge volume. The potential target is 215 using a measure move. Could be bought on a little pullback where Stop loss 186.
SQ updateOne of my favourite companies to date, I love both the chart and the fundamentals. Square has so much more leg room to grow especially with their cash app.
1d chart:
So, the chart is looking really juicy and resilient to all that market volatility the last 6 weeks. I know SQ bounces up and down 5-10% (sometimes) however, on the daily & weekly chart we can see a really nice uptrend over the last year. Momentum is really good as we approach new highs, and the short interest is reducing while the buying strength is increasing -- all very bullish signs. Not to mention rising volume over the last 3 days.
Looking at the green arrows I noticed some repetition with a breakout from a (slightly) descending triangle, leading to an all time high.
EOY price target: $222
SQ path to new all time highsSquare had a nice run last week and was few cents away from the all time highs after earning pop. Expect price to break through the overhead resistance and keep pushing for new all time highs for days or possibly weeks
Hip To Be Square! Targets revisit $75 rangeStrong Product, above average moat. Dorsey enterprise has good synergy. Bitcoin/ crypto tech leaders, obvious value add to clients
chart setup is good, price moving in an uptrend through the cloud. will zoom higher on exit November 21 area
Square bullish takeI was bearish on Square and ended up being right, so here's my bullish take:
Once Square passes $170 ish price point it will sky rocket up to the high 180s. Be on the watch for for the breakout over the next week.
Note:
It's still possible the markets will keep correcting and the selloff isn't over! But I will enter this trade once Square hits my price targets (breakout line)
S/O bigdickbandit
THE WEEK AHEAD: ROKU, WYNN, SQ EARNINGS; XOP, USO, GDXJ, EWZEARNINGS ANNOUNCEMENT VOLATILITY CONTRACTION PLAYS:
... Screened for options liquidity and 30-day implied greater than 50% and ranked by "bang for your buck":
ROKU (38/31/16.4%),* announcing Thursday after market close.
WYNN (27/76/14.7%), announcing Wednesday (no time specified).
SQ (43/74/14.3%), announcing Thursday after market close.
PYPL (56/60/11.6%), announcing Monday after market close.
GM (20/59/11.4%), announcing Thursday after market close.
QCOM (45/54/10.9%), announcing Wednesday after market close.
BABA (65/55/10.5%), announcing Thursday after market close.
Pictured here are two 2 x expected move setups in ROKU, one in November (19 days 'til expiry), and one in December (47 days 'til expiry).
The November setup was paying 8.55 at the mid price as of Friday close, with delta/theta of -.89/51.22; the December: 10.13 at the mid price as of Friday close, with delta/theta of -.95/27.88. I could see doing either, with the primary benefit of the shorter duration being that the volatility contraction tends to be more rapid, and with the primary benefit of the longer duration one being that you've got a little bit more room to be wrong.
If you're of a more defined risk bent, look for an iron condor setup paying at least one-third the width of the wings in credit, such as the November 20th 160/165/265/270, paying 1.63.
Look to put this on in Thursday's session prior to market close, adjusting strikes as necessary to accommodate movement between now and then.
With the exception of GM, the remainder of the underlyings can be short strangled or iron condored, but would go short straddle or iron fly in GM due it's size (34.53 as of Friday close).
EXCHANGE-TRADED FUNDS RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING AND SCREENED FOR THOSE PAYING >10%:
XOP (23/69/18.7%)
USO (14/71/17.5%)
GDXJ (22/56/15.7%)
EWZ (29/56/15.5%)
XLE (38/57/14.9%)
GDX (23/46/13.3%)
SLV (28/48/13.0%)
XBI (36/44/12.1%)
EWW (35/49/11.6%)
IWM (42/42/10.8%)
SMH (28/42/10.9%)
QQQ (43/40/10.8%)
BROAD MARKET:
IWM (42/42/10.8%)
QQQ (43/40/10.8%)
SPY (38/38/9.6%)
EFA (33/30/8.4%)
IRA DIVIDEND-EARNERS RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING AND SCREENED FOR THOSE PAYING >10%:
EWZ (29/56/15.5%)
XLE (38/57/14.9%)
KRE (32/50/14.1%)
SLV (38/48/13.0%)**
XBI (37/44/12.1%)
* -- The first metric is the implied volatility rank or percentile (where 30-day implied is relative to where it's been over the past 52 weeks); the second, 30-day implied volatility; and the third, the percentage of stock price the November at-the-money short straddle is paying.
** -- SLV does not pay a dividend.
Bearish Square!Square fell below the blue support line, with stimulus failing and market sentiment dissipating as election nears I am looking for square to keep falling as seen back in July.
My bearish prediction & entry point:
Square will keep falling and find support between $158 and $161, as markets shake off election and institutions begin buying markets will turn around and Square will approach new highs by February 2021.
Notes:
Smart money already sold back in August and has plenty of dry powder to enter once the price is right, keep an eye on bullish reversal candles and watch as volume increases, then enter! Do not let emotions get in the way
