SNAP price action showing signs of an overall uptrend pattern, consistently making higher highs and higher lows since January 2019. Price action historically reacts well with EMA21, EMA 50, & EMA100 levels on the daily chart. EMA100 area has shown history of acting as a key support level during a pullback. Price has bounced near EMA100 as the potential bottoom, and recently broke above both the EMA50 and EMA21 key levels. Price has been in a slight downtrend/consolidating channel since late July earnings call. A very similar pattern formation was detected in early April to mid May, with the price eventually breaking above channel resistance, and into an aggressive uptrend. A strong buy signal for a short term trade would be if the price repeats it's previous pattern and breaks above the current channel ceiling, continuing it's overall uptrend pattern. If initial entry is taken at the current price of $16, A daily close below the EMA50 could signal a stop loss -3%, with a RSI(14) level above 70 acting as a target exit of +21%. Risk reward ratio optimal @7:1