forker
Short

SNAP - Watch my old post...

NYSE:SNAP   SNAP INC
Price is always heading toward the Centerline over 80% of time.
Who want's to learn more about ForkTrading? ;-)


P!

...here's my old post: https://www.tradingview.com/chart/SNAP/Ec2cURzy-SNAP-failed-to-break-the-resistance-South-again/
Comment: Price is trying to hold, but the Centerline is still the potential target.

Lighten up the position now would not be too bad, in case the market spikes up.
I always keep in mind: Action/Reaction....so a short term up-crash/short-squeeze would not be totally out of mind, at least to me ;-)

P!
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Thanks for this. Current level might be support now after some Chinese firm came in today and bought 10% up.
Reply
forker AlexKl
Hey @AlexKl,

Appreciate your comment.
I don't observe fundamentals. I only wanna live in a dark deep cave, hear nothing about news or rumor, and trade from line to line §8-)

If price is stabilising at the Centerline, I hunt for long trades.
For example a risk-reversal with options works nice if the skew on the puts is good.

Cheers.
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