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Pier1972
Apr 18, 2019 2:16 PM

SNAP Gap down - will buy a reversal 

Snap Inc.NYSE

Description

Snap Gapped down this morning on strong ADX and D+, so i will buy the reverse over 11.50 , that will be sign of continued strenght for the stock, and a nice way to join the trend.
Look at AAPL, did the same thing last week.
Buy stop in place at 11.51

Trade active

Tooked the first part out.
If we close in strenght, i will the trade go.
Trail up the the stops.

Comment

Nice strong close for SNAP near the HOD, is a good sign, so i will stay in .

Trade closed manually

This Daily Flag still look good, but tomorrow SNAP earnings coming, so not wise to stay in.
Some profit on the trade.

Comment

Earnings on 24 apr not 23.
same stuff.

Comment

Fantastic resolution of the trade, perfect flag to trade, unfortunately we are near earnings.
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