Square Stock Following Square Inc (NYSE:SQ) stock and providing my opinion on this investment has been a sheer pleasure

Square Stock Is Getting Heated and This Is What I Am Watching

SQ Stock: An Accelerated Trend

 Square Stock Following Square Inc <span data-recalc-dims=(NYSE:SQ) stock and providing my opinion on this investment has been a sheer pleasure " width="300" height="200" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/06/Square-Stock-300x200-Small.jpg?resize=300%2C200 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/06/Square-Stock-300x200-Small.jpg?w=720 720w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVESOTORS   Square Stock Following Square Inc (NYSE:SQ) stock and providing my opinion on this investment has been a sheer pleasure because SQ stock has the uncanny ability to paint the price chart in a most precise and incredible way. I have been following this company since last summer, where I first had the inclination to carry a bullish view on Square stock, based on the number of embedded price patterns that were being painted on the stock chart.

I outlined these developments in an August 20 publication titled “Square Inc: SQ Stock is Sending a Flashing Buy Signal.” Since that day, Square stock has appreciated to the tune of 99%, vindicating my bullish view. The recent run has gone on for many months, and I am beginning to wonder if the current trend is getting a tad bit overheated.

The following Square stock chart illustrates the precise price action that has defined this current bull market advance.




Square Stock

 

Square stock chart

 

This SQ stock chart highlights an alternating wave structure known as constructive price action. This wave structure consists of impulse waves and consolidation waves.

The impulse waves are highlighted in green, and they serve to define a state of price progression where the stock price advances in a swift and orderly fashion.

The first three impulse waves carried this characteristic, but the most recent impulse wave doubled that projected price move. This doubling is indicative of a trend that is accelerating, which could be suggesting that the trend may be getting overheated. This could possibly suggest that a correction was set to ensue.

The following Square stock chart illustrates other key technical indications that have been supporting this bullish advance.

SQ price chart

 

This SQ price chart illustrates that a bullish trend distinctly began in June 2016. This bullish trend is being supported by a bullish moving average convergence/divergence (MACD) indicator and an uptrend line.

MACD is a momentum indicator that distinguishes between bullish and bearish momentum using the crossing of a signal line. In July 2016, a bullish MACD indicator was generated, indicating that bullish momentum was driving the predominant direction that Square stock was trading in. In order for an advance to commence, bullish momentum is needed, and this indicator suggested that bullish tailwinds were swirling around Square stock, creating an environment where the stock was geared towards higher prices.

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BUZ INVETORS Square Stock Is Setting Up (NYSE:SQ) stock since summer of last year, and I have been keeping on top of the bullish run that has developed since then.

Square Stock Is Setting Up for Another Advance

SQ Stock and the Power of Four

BUZ INVETORS Square Stock Is Setting Up <span data-recalc-dims=(NYSE:SQ) stock since summer of last year, and I have been keeping on top of the bullish run that has developed since then." width="300" height="182" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/04/SQ-stock-300x182-Small.jpg?resize=300%2C182 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/04/SQ-stock-300x182-Small.jpg?resize=768%2C466 768w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/04/SQ-stock-300x182-Small.jpg?w=791 791w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVETORS  Square Stock Is Setting Up  (NYSE:SQ) stock since summer of last year, and I have been keeping on top of the bullish run that has developed since then. This bullish run has seen Square stock more than double, and has been quite a spectacle to watch.

This advance has been quite orderly, and SQ stock has developed a distinct characteristic in its trading action. It’s a characteristic that can be exploited in order to create an applicable trading strategy.

ebullish on SQ stock on August 18, 2016, after a close examination of the Square price chart suggested that a bottom in the stock had been formed. I have been outlining key technical developments during this bull market that have been reinforcing the notion of higher prices. These key technical patterns have developed a defining characteristic that has become a recurring theme.



Square Stock Is Setting Up

The defining characteristic that continues to stand out is that, whenever a consolidation wave is completed, an impulse wave develops that is $4.00 in length. There have been three such impulse waves that have developed since the summer of last year, and all of them have been $4.00 in length.

This characteristic can be exploited to create an investment strategy because I can only assume that, after the consolidation wave that is currently in development finally completes, an impulse wave will develop that will yield to another run higher that is $4.00 in length. From current levels, it suggests that SQ stock would reach the mid-$20.00 level before the impulse wave has concluded.

The advance that began in the summer of last year was effectively confirmed by the moving average convergence/divergence (MACD) indicator, located in the lower panel of the above stock chart. MACD is a simple and effective trend-following momentum indicator that uses signal-line crossings to distinguish between bullish and bearish momentum.

In August 2016, a bullish cross was generated, which served to suggest that bullish momentum was propelling Square stock and, as a result, the path of least resistance was geared toward higher prices. This indicator has remained in bullish alignment while Square stock has continued to trade above the uptrend line.Like up on FACEBOOK


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Buz Investors Square Stock Prices I am bullish on Square Inc (NYSE:SQ) stock, and this view was first established on August 18, 2016, which was shortly after I first stumbled upon this name when I was doing my daily scan

Indicators Continue to Support Higher Square Stock Prices

SQ Stock: The Trend is Your Friend

Buz Investors Square Stock Prices I am bullish on Square Inc <span data-recalc-dims=(NYSE:SQ) stock, and this view was first established on August 18, 2016, which was shortly after I first stumbled upon this name when I was doing my daily scan" width="300" height="182" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/SQ-stock-300x182-Small.jpg?resize=300%2C182 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/SQ-stock-300x182-Small.jpg?resize=768%2C466 768w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/SQ-stock-300x182-Small.jpg?w=791 791w" sizes="(max-width: 300px) 100vw, 300px" />

buz investors square stock prices I am bullish on Square Inc (NYSE:SQ) stock, and this view was first established on August 18, 2016, which was shortly after I first stumbled upon this name when I was doing my daily scan of potential investments. This scan involves meeting a certain technical requirement.

I was so enamored with my findings that I published a report on “Square Inc: SQ Stock is Sending a Flashing Buy Signal,” and, at the time that report was written, Square stock was trading at $11.75.



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square stock prices 

 

Today, Square is trading at $17.04, which represents a 45% return, so perhaps the tools I use to analyze potential investments and to create investment strategies have some merit.

The precision of these waves is hands-down mind-boggling. Each impulse wave that has has followed a consolidation wave has been $4.00 in length. This is consistent with the theory surrounding these waves, but I have yet to come across an instance that was so pristine. The theory states that impulse waves that are separated by consolidation waves tend to mirror each other in terms of length and, as a result, the consolidation wave is viewed as a midpoint.

The bullish trend was confirmed when the moving average convergence/divergence (MACD) indicator, located in the lower panel of the above stock chart, crossed in a bullish manner. MACD is simple and effective trend-following momentum indicator that uses signal-line crossings to distinguish between bullish and bearish momentum.

As soon as the bullish cross occurred in August 2016, it served to suggest that bullish momentum was propelling the price of Square shares, and therefore, the pattern was geared toward higher prices. This indicator has remained in bullish alignment through the duration of this run to the upside, and it remains so.

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Buz Investors Objective in SQ Stock I have been bullish on Square Inc (NYSE:SQ) stock since August 2016, when I first featured this company. At the time of that first report, Square stock was trading at $11.75, and I outlined the positive developments that suggested a bullish view was warranted.

Square Inc: This Objective in SQ Stock Has Been Met

Square Inc: This Objective in SQ Stock Has Been Met

  • Buz Investors Objective in SQ Stock I have been bullish on Square Inc (NYSE:SQ) stock since August 2016, when I first featured this company. At the time of that first report, Square stock was trading at $11.75, and I outlined the positive developments that suggested a bullish view was warranted.
  • In November, I reiterated my bullish view because further developments on the SQ stock chart suggested that higher prices could be expected.
  •  a potential bullish pattern was setting up, and that the successful completion of this pattern suggested a potential price objective of $15.00. At the time of that report, Square stock was trading at $11.14. Square stock

Objective in SQ Stock

Buz Investors Objective in SQ Stock I have been bullish on Square Inc <span data-recalc-dims=(NYSE:SQ) stock since August 2016, when I first featured this company. At the time of that first report, Square stock was trading at $11.75, and I outlined the positive developments that suggested a bullish view was warranted." width="300" height="212" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/01/SQ-Stock-300x212.resized.jpg?resize=300%2C212 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/01/SQ-Stock-300x212.resized.jpg?w=640 640w" sizes="(max-width: 300px) 100vw, 300px" />

Objective in SQ Stock As of January 10, 2017, that potential price objective of $15.00 suggested by the SQ stock chart was finally obtained and, as a result, I must stay true to the rules that I lay out. This rule entails that once a potential price objective is met, it is time to exit any open positions.

From an emotional standpoint, this is difficult to grasp, because who is to say that Square stock cannot continue trending higher? The rule also goes against the teachings of letting your winners run. From another standpoint, I laid out rules for a reason. The reason was to manage my risk and remove my emotions from my trading strategies.

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Objective in SQ Stock 

 

Applying this theory to Square stock; the first impulse wave was $4.00 in duration, therefore I can expect a similar impulse to follow once the consolidation wave is complete. This methodology created the $15.00 price objective, and is illustrated above.

My level of risk is also defined by the consolidation pattern. Once a price exits a consolidation pattern, it should not trade back below it. As a result, I would have set a stop loss at just under $11.00

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Square Inc: This Is Why SQ Stock Is Surging Higher

Square Inc: This Is Why SQ Stock Is Surging Higher

Square Inc: This Is Why SQ Stock Is Surging Higher

  • Buz Investors BULLISH  SQ Stock Is Surging Higher  (NYSE:SQ) stock, I had outlined why I was bullish on SQ stock. I explained that this bullish view was based on the technical pattern that had just completed, but there was one piece of the puzzle still remaining as the price had failed to follow through. Perhaps failed is a harsh word;
  •  the pattern remained constructive and it still suggested that a move to the upside was a strong possibility.
  • I am using this report to update my last report because SQ stock has closed above resistance, and this action constitutes a successful follow-through. If I could elevate my bullish bias, I would, because I believe the breakout I was long awaiting is in the process of playing out and the price is about to accelerate to the upside.

SQ Stock Is Surging Higher

Square Inc: This Is Why SQ Stock Is Surging Higher

SQ Stock Is Surging Higher  The rationale behind my bullishness and the body of knowledge that I base my investment opinions on is technical analysis. I do not disregard fundamental analysis, as I have spent a great many hours getting a background in that field. I prefer to use technical analysis because I have found price to be the best timing tool. That is something that is not available in conventional fundamental analytics.

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SQ Stock Is Surging Higher

The Square stock chart above is a prefect example of healthy bullish price action. Healthy price action consists of impulse waves that take the stock price higher, and consolidation waves, where the new higher prices are digested. Consolidation waves are essential in a healthy trend because they alleviate any overbought conditions that may have developed as the stock moved higher. They also act as the pattern that sets up the next impulse wave.

The theory behind impulse waves and consolidation waves is that the consolidation wave acts as a midpoint between two impulse waves. When a consolidation wave is complete, the proceeding impulse wave should mirror the initial impulse wave. This is how I generate targets using price patterns. Applying this theory to Square stock, this creates an initial upside price objective of $15.00.

SQ Stock: Price Acceleration

Square Inc: This Is Why SQ Stock Is Surging Higher

The first signal was generated in September 2016, when the faster 50-day moving average (highlighted in blue) crossed above the slower 200-day moving average (highlighted in red). This signal is known is a “golden cross” and traders use it to confirm that a bull market is on the horizon. When this signal is engaged, bullish setups have a higher probability of succeeding.

SQ Stock: Square Inc has a Secret Weapon

SQ Stock: Square Inc has a Secret Weapon

SQ Stock: Square Inc has a Secret Weapon

  • Buz Investos Square Inc has a Secret The digital revolution is rapidly growing as technologies and bandwidth capabilities continue to accelerate. We see it in the mobile payment space with innovative companies like Square Inc(NYSE:SQ), which is driving sales to many businesses that would have been shut out only a few years ago.
  • My first contact with Square Inc was a few years ago when I was purchasing something at a market when I noticed that my credit card was being read into a square-shaped device hooked up to a smartphone.
  • SQ stock  Within a minute, the transaction was approved and I was given a printed and e-mailed receipt.

    Square Inc has a Secret

    SQ Stock: Square Inc has a Secret Weapon

    Square Inc has a Secret I would later discover that the device was made by Square Inc. While I was initially impressed with the technology, I wasn’t that sold on the pre-intial public offering (IPO) SQ stock at the time.

    Yet, the demand for mobile payments is rapidly becoming a main staple, and I now believe that a company like Square Inc could reap the benefits.

    Another service that Square Inc provides, but which is really under the radar is its financing loans business, via its “Square Capital” unit. This segment has lent out over $1.0 billion in loans over the last two years to its vendors using its POS technology. This concept makes a whole lot of sense and has sell-side firms like Pacific Crest Securities bullish.

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    Square Inc has a Secret

    By adding to the business loan capability, Square Inc becomes a more complete player that can compete in some degree with the big boys.

    My Bull Case for Square Stock

    SQ Stock: Square Inc has a Secret Weapon

    The bulls are surfacing for SQ stock, with 23 new upward revisions by analysts over the last 30 days and 17 increases for 2017. (Source: “Square, Inc. (SQ),” Yahoo! Finance, last accessed November 17, 2016.)




Square Inc: This Is Why SQ Stock Has Only Begun to Run

Square Inc: This Is Why SQ Stock Has Only Begun to Run

Square Inc: This Is Why SQ Stock Has Only Begun to Run

  • Buz Investors  SQ Stock Has Only Begun  I have been watching and anticipating a bullish breakout in Square Inc (NYSE:SQ) stock for some time, and that event is no longer speculation, as SQ stock broke out of a technical pattern that has significant bullish implications.
  • These bullish implications are based on the the body of knowledge I use to create trading strategies. I have a background in fundamental analysis, but
  • I have found that, when I am trying to create wealth by trading, the only method that has served me well is technical analysis.

 SQ Stock Has Only Begun

Square Inc: This Is Why SQ Stock Has Only Begun to Run

SQ Stock Has Only Begun The price action of the July lows can only be interpreted as bullish. An impulse wave propelled SQ stock higher, and a consolidation wave quickly followed. Bullish trends are characterized by such waves as they continue to alternate between one and another. A consolidation wave is where the price reaches a temporary level of equilibrium, and any overbought conditions are alleviated. Consolidation waves are essential in keeping trends healthy, and form the groundwork for the next impulse wave to develop.

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SQ Stock Has Only Begun

In September 2016, Square stock generated a golden cross. A golden cross is a bullish signal that is produced when a faster 50-day moving average (highlighted in blue) crosses above a slower 200-day moving average (highlighted in red). This signal is used to confirm that a bull market is on the horizon. I have found that it is always wise to trade with this signal and, as result, I will only trade bullish setups when this signal is engaged.

On November 2, 2016, wh SQ stock completed the consolidation wave, the on-balance volume (OBV) indicator confirmed the bullish move higher. This indicator uses volume to compute buying and selling pressure. It is produced by cumulatively adding volume on up days and subtracting volume on down days.en S




Square Inc: SQ Stock is Setting Up to Surge

Square Inc: SQ Stock is Setting Up to Surge

Square Inc: SQ Stock is Setting Up to Surge

  • Buz Investors SQ Stock is Setting Up (NYSE:SQ) produces devices that can turn your smartphone or tablet into a payment-processing point-of-sale unit.

  • SQ stock The company’s products are sleek and effective, and provide new businesses a quick and easy payment-processing solution.
  • SQ stock shareholders have not yet seen the fruits of their labor, but I believe that is all about to change.

SQ Stock is Setting Up Breakout Imminent

Square Inc: SQ Stock is Setting Up to Surge

SQ Stock is Setting Up I am bullish on Square stock, and my view has everything to with how I analyze stocks. I respect the fundamental backdrop for evaluating the foundation of an investment, but I have found technical analysis to be more suited for my needs, as it gives me more insight into the direction that an investment vehicle is headed. The SQ stock chart has piqued my interest, and I await a resolution to a chart pattern that will indicate the magnitude of the next price move.
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SQ Stock is Setting Up

The second reason was the head-and-shoulders bottom pattern. This pattern consists of three troughs and a neckline, in which the middle trough—the head—is the largest, and first and third troughs—the shoulders—are usually of equal size. The neck line is formed by connecting the reaction highs. A trend reversal is confirmed when the price closes above the neckline. This pattern is small and embedded within the larger reversal patterns, but it serves to only reaffirm that a bottom was being put in, as the trend quickly turned higher after this pattern was executed.

The third reason is the rounded bottom, and the name of that pattern effectively describes the shape. The pattern describes the price action as it slowly turns and a bottom is gradually put in. These patterns are usually accompanied with low volume, as the last few remaining bulls throw in the towel and lose interest. This pattern was completed when SQ stock put in a price gap that effectively confirmed a trend reversal.

The price action illustrated on the SQ stock chart above is constructive because it is a bullish setup pattern. Bull markets consist of impulse waves that are followed by consolidation waves that give way to further impulse waves.

Square Inc: SQ Stock Chart Spells Doom for the Square Bears

Square Inc: SQ Stock Chart Spells Doom for the Square Bears

Square Inc: SQ Stock Chart Spells Doom for the Square Bears

  • .Buz Investors Doom for the Square Bears I am bullish on Square Inc (NYSE:SQ) stock, and it’s not because the company’s product can turn my smartphone into a payment-processing point-of-sale unit, or the fact that this company continues to grow revenues quarter-over-quarter.
  • Do not get me wrong, I am quite enamored with Square Inc’s product, and the company’s ability to grow is a major sticking point. All of these factors support a bullish argument, but they have little to do with how I
  • I use the price chart as my primary tool to set investment strategies. This process has done wonders in removing potential emotional biases that may develop over time in owning or tracking certain companies. The SQ stock

Doom for the Square Bears Beautifully Bullish

Doom for the Square Bears

Doom for the Square BearsThe first pattern is an island reversal (highlighted in pink). This pattern consists of two gaps, an exhaustion gap (gap down) and a breakaway gap (gap up) that occur at the same price level (highlighted by the pink horizontal line).

The island is created as the price action in between the gaps is isolated. In a bullish reversal formation, the pattern is significant because all the short sellers who initiated positions after the initial gap down are trapped, or—as the pattern suggests—trapped and isolated on an island.

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The third pattern is a rounded bottom (highlighted in blue). Like many of the patterns highlighted above, the name effectively describes the shape of the pattern. This pattern is also known by another name, the saucer bottom. This pattern is a trend reversal pattern in which bearish price action transforms into bullish price action. This pattern is symmetrical, because the amount of time trending lower approximately equals the amount of time trending higher. The pattern was complete when SQ stock closed above the highest price point within the pattern.

Impulse waves have a high tendency to mirror the prevailing impulse wave, and it is one of the reasons that many patterns contain such symmetry. This logic is applied to both bullish and bearish breakouts of a consolidation wave. Using this premise, with the details taken from the chart above, a bullish break would generate a target of $14.50 for Square stock, while a bearish breakdown would essentially mean a re-test of the 2016 lows.