Trading Idea: 
SNA (Snap-on Incorporated) - Long Setup
🎯 Idea: LONG
⏰ Timeframe: Daily
📊 Pattern: Bullish Breakout from Consolidation
Fundamental Context:
Fundamental Score: 3/9 (Neutral/Weak).
Business: Premium Tools, Equipment, and Software for Professionals.
Growth: Weak Revenue and Net Income Growth YoY.
Balance Sheet: Excellent (Debt Score: 10/10). Very strong financial health.
Valuation: Fairly Valued on P/E; Overvalued on P/B and P/S.
Technical Setup:
Trend (D1): Bullish ✅
Entry: $340.19 (Break above recent consolidation and Bollinger Band squeeze).
Stop Loss (SL): $323.39 (Below key support and the 50-period SMA).
Take Profit (TP): $375.00 (Previous resistance zone and measured move target).
Momentum: RSI (59) in healthy bullish territory, MACD positive.
Risk Management:
Risk/Reward (R:R): 1:2.1
Position size based on the risk between entry and stop.
Summary: A technical breakout play on a legendary industrial brand with a rock-solid balance sheet, targeting a continuation to prior highs.
⚠️ Disclaimer: Not Financial Advice
This analysis is for educational and informational purposes only. It is NOT a recommendation to buy or sell any security.
Conduct your own research (DYOR) before making any investment decisions.
You are solely responsible for your own trades and investments.
Past performance is never indicative of future results.
Trading involves significant risk of loss and is not suitable for all investors.
#TradingView #SNA #Long #Industrial #Tools #Breakout #Dividend #TradingSetup #Manufacturing
SNA (Snap-on Incorporated) - Long Setup🎯 Idea: LONG
⏰ Timeframe: Daily
📊 Pattern: Bullish Breakout from Consolidation
Fundamental Context:
Fundamental Score: 3/9 (Neutral/Weak).
Business: Premium Tools, Equipment, and Software for Professionals.
Growth: Weak Revenue and Net Income Growth YoY.
Balance Sheet: Excellent (Debt Score: 10/10). Very strong financial health.
Valuation: Fairly Valued on P/E; Overvalued on P/B and P/S.
Technical Setup:
Trend (D1): Bullish ✅
Entry: $340.19 (Break above recent consolidation and Bollinger Band squeeze).
Stop Loss (SL): $323.39 (Below key support and the 50-period SMA).
Take Profit (TP): $375.00 (Previous resistance zone and measured move target).
Momentum: RSI (59) in healthy bullish territory, MACD positive.
Risk Management:
Risk/Reward (R:R): 1:2.1
Position size based on the risk between entry and stop.
Summary: A technical breakout play on a legendary industrial brand with a rock-solid balance sheet, targeting a continuation to prior highs.
⚠️ Disclaimer: Not Financial Advice
This analysis is for educational and informational purposes only. It is NOT a recommendation to buy or sell any security.
Conduct your own research (DYOR) before making any investment decisions.
You are solely responsible for your own trades and investments.
Past performance is never indicative of future results.
Trading involves significant risk of loss and is not suitable for all investors.
#TradingView #SNA #Long #Industrial #Tools #Breakout #Dividend #TradingSetup #Manufacturing
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.