SNAP looks bearish as fuck 4HR and my honest hope is the price holds just long enough into open that I can score some cheap 5/3 and 5/10 puts.
Better yet, the price spikes slightly to 11.30 and sells off from there.
Okay, so let's break it down. Bear flag, clear as day.
Other notable mentions would be rising wedge, rising price on declining volume and momemtum exhausted.
Also, number of watchers on Stocktwits is at 97,897 with a shit ton of posts from retail bagholders swearing the price is going back to $12 TOMORROW.
LOL, sorry kids but no. You're going down.
But you can buy some puts and enjoy the slide down.
Say it with me!
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEeeeeeeeeeeeeEEEEEEEEEEEEE!!!
Oh, also from what I've read, this stock is a total POS and is the poster child for zombie companies. Companies that plague this stage of the business and credit cycle, propped up solely by super cheap and available capital.
Better yet, the price spikes slightly to 11.30 and sells off from there.
Okay, so let's break it down. Bear flag, clear as day.
Other notable mentions would be rising wedge, rising price on declining volume and momemtum exhausted.
Also, number of watchers on Stocktwits is at 97,897 with a shit ton of posts from retail bagholders swearing the price is going back to $12 TOMORROW.
LOL, sorry kids but no. You're going down.
But you can buy some puts and enjoy the slide down.
Say it with me!
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEeeeeeeeeeeeeEEEEEEEEEEEEE!!!
Oh, also from what I've read, this stock is a total POS and is the poster child for zombie companies. Companies that plague this stage of the business and credit cycle, propped up solely by super cheap and available capital.
Trade active:
Now it's going down. 5/3's short squeeze on an exceptionally strong jobs report kicked the short can down a week.