Snap has been under the control of bears since past 2 weeks, it has dropped by approx. 30 percent in recent sell off. I am very bullish on snap. It has shown good revenues and is one of the greatest competitor of Facebook. It is now sitting on a very strong support. It is a weekly support as well. I believe that this is a very good entry point, or if a better safe trade will be a put credit spread. Indicator showing divergence and i believe it is ready to rise
Ideas is for entertainment. Not a trading advice. Trade at your own risk
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increased in price from the date posted. Power of technical analysis.
When you identify divergence Don't you check candles lower lows ?
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Seasaw_markets
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@Alwynjo, its kind of pattern you recognize, candle give u something indicator give u something, trend line give u something and you have to mix all of them and come to a decision. Analyzing just a single thing wont work
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