This is completely experimental and for research purposes only, this trade will only be followed by myself. I need to have a public store of all experiments to publicly track progress over long periods of time.
Equal move (=1) making an expanding triangle pattern. This will complete at either two buy points indicated with the lower green boxes.
Both areas are valid areas of interest, use stops or risk management accordingly. Personally I use low non-variable quantity purchases with no stop in order to spread risk.
Experimental cross trend support from initial offering, somewhat trying to seek a new pattern similar in mechanics to a falling wedge or triangle.
Areas of interest based on market inefficiency theory, price tests areas of missing price action.
Indicators:
RSI - Period: 14 - Close
OBV
Volume - Period: 1
Long term target for up to 2 years is $21. If Snapchat become profitable and sustain growth overtime, share price may exceed $21/share up to 10x initial investment below $13. However if Snapchat fails these shares will be forfeit unless sold prior to liquidation.
Inherently a company which doesn't currently turn profit is a high risk investment, all care should be taken to lower risk as much as is feasible.
Equal move (=1) making an expanding triangle pattern. This will complete at either two buy points indicated with the lower green boxes.
Both areas are valid areas of interest, use stops or risk management accordingly. Personally I use low non-variable quantity purchases with no stop in order to spread risk.
Experimental cross trend support from initial offering, somewhat trying to seek a new pattern similar in mechanics to a falling wedge or triangle.
Areas of interest based on market inefficiency theory, price tests areas of missing price action.
Indicators:
RSI - Period: 14 - Close
OBV
Volume - Period: 1
Long term target for up to 2 years is $21. If Snapchat become profitable and sustain growth overtime, share price may exceed $21/share up to 10x initial investment below $13. However if Snapchat fails these shares will be forfeit unless sold prior to liquidation.
Inherently a company which doesn't currently turn profit is a high risk investment, all care should be taken to lower risk as much as is feasible.