SNAP - Bottom is likely in

CheelooTrader Updated   
BATS:SNAP   Snap Inc.
Broken charts take time to heal and this one is showing signs of improving.

Pullback from 200EMA but at volume shelf. Still could go either way. Distribution here again would be catastrophic.

Tight PA here around 10 bodes well for 12.50. watch for flag on the daily for potential gap fill above.

No position yet, but on close watch
Trade active:
Tested 200 EMA at 11 and holding well into supply. That unfilled gap likely to get filled soon.
Got a start position yesterday at 11.32
Stop loss: 11
Trade active:
No reason to sell here. Ride it to 19.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.