Snap Inc. is expected to report earnings on Tuesday after market close.
The report will be for the fiscal Quarter ending Mar 2021 .
Right now we have small pullback before the earnings , snap reach to 65$ and created double top .
Between 60$ - 65$ channel we can see very strong resistance (double top) ,there we have the downtrend Fib 50%-61.8% from Feb.
we may see pullback until uptrend Fib that located at 64$ - 67$ channel , Ema's 20 / 50 act as Support in the short term , If the price will go down to this levels and pushing up with good Support that will be Entry 1
If the price go above 65$ this will be Entry 2
T1 - 67$
T2 - 71$
T3 - 74$
T4 - 77$
* There is no buy / sell recommendation in the aforesaid ,
The report will be for the fiscal Quarter ending Mar 2021 .
Right now we have small pullback before the earnings , snap reach to 65$ and created double top .
Between 60$ - 65$ channel we can see very strong resistance (double top) ,there we have the downtrend Fib 50%-61.8% from Feb.
we may see pullback until uptrend Fib that located at 64$ - 67$ channel , Ema's 20 / 50 act as Support in the short term , If the price will go down to this levels and pushing up with good Support that will be Entry 1
If the price go above 65$ this will be Entry 2
T1 - 67$
T2 - 71$
T3 - 74$
T4 - 77$
* There is no buy / sell recommendation in the aforesaid ,
Comment:
earnings beats , touch the fib 61%in the after and goes up to fib 50% of the downtrend , lets see what she does tomorrow .
Trade active:
entry 1 - active