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SQ

SQUARE SQ IS SKY HIGH - SHORT ITSquare SQ is so high and overvalued, it is ready for a serious short. SQ DCF valuation assuming growth rates of 50% sliding down to 7.5% over 10 year yields a value per share of $45. This assumes SQ will get a large portion of the world's payment system. However, there are many competitors to SQ - VISA, MasterCard and PayPal for example. I don't think SQ will be able to keep up the high growth rates when faced with these competitors. SQ's valuation could be a lot less than $45 per share. Technically, SQ has broken a major up trendline and is in a wedge. The RSI, ROC and MACD are all pointing to a downwards move. I suspect this stock will drop rapidly from here. Note it doesn't have any earnings yet, its P/E ratio can not be calculated because of negative earnings. If SQ can not break even soon and growth tapers, expect a dramatic fall in share price. The drop could start soon when it announces its next quarter earnings. If next quarter earnings are negative again, watch out, it's going to fall.
NYSE:SQShort
by victorko
1
Is SQ finally bullish?Wondering what everyone thinks. Chart looks pretty good, finally broke resistance (green trend line) Currently facing resistance at the 0.382 fib extension line (roughly $72.88) - Historically, seems like SQ is a big fan of this fib level (Take a look at how price reacts every time it touches 0.382 fib extension + 38.2 retracement - Seems like a last kiss set up as well, where price may consolidate within the red rectangular box, hence why $78 should be strong resistance If you have any comments or questions, feel free to ask! Thanks, will continue to update on SQ. -Rocky
NYSE:SQ
by Rockys
Late to the party to post, but SQ swing trade worked very wellEver since SQ broke its downtrend from the all-time high at the beginning of 2019, our team at PLT has been watching for great intra-day and swing trade setups. SQ is one of our favorite companies to always remain bullish on due to the products and services they offer in the Fin-tech industry. This trade was planned on January 18, 2019 over the weekend to enter February $65 call options on the retest of the close of January 17, 2019. You can see SQ's price broke above the daily 200 day sma, which is typically very strong support. Our stop was placed below all the bullish candles and the 1/3 back fib just under $63.50. Result was a nice 56.7% gain on the calls almost the next day after hitting target 1. Target 2 was also hit which was the 1.618% extension from the most recent move. The calls return went well above 100% at that point since they were deep in the money. SQ most likely goes higher, but may reset and retest a bit before earnings. Look out for more day and swing trade ideas in the very near future now that we are all settled in to our Trading View account :-). Cheers!
NYSE:SQLong
by PriceLevelTrading