The stock formed a long base while above its moving averages and in the last weeks is been leading the sector. So, I took position on NYSE:SNAP on the breakout above the $65 resistance level. Now waiting to a good follow through to buy more. A good buy level for me would be higher than $69.60. The risk/reward ratio (2:1) has a target price above another...
Simple trade thesis here for you all! SNAP has recently surged, and is flirting with all time highs yet again. We've been making higher lows after getting rejected off of 69.40 twice, and are looking to have another retest over the coming days. If we break above 69.40 we likely visit 70.90, and above that we take a trip to 73.55 before ultimately carving out...
Snap confirmed a breakout of the " SHS " pattern, the target of the pattern is $80, of course you still need a safe stop around 8%. Good luck.
snapchat $SNAP has been range-bound and rejected multiple times at the $65 level for the past 6 months, and finally broke above it. Measured move is to around $85. Do your own research, this is not financial advice.
Clean breakout in progress for SNAP. After a lengthy consolidation, price tightened up before exploding higher today. Solid relative strength and relative volume add further confirmation to the move.
Watching the market analysis this morning paid off, Bitch said SNAP buy it....So I did
WATCHING $SNAP for ENTRY TARGET @ 52.08 I’m practicing to nail my entries better… if target hits I will take a position.
Snapchat met heavy resistance yesterday at the 65$ level, will not take any positions.
Ready for Swing? - SNAP is at 64.10 resistance. - It shows inverse head and shoulders - Needs to consolidate before making a move Suggestions: After consolidation or on confirmed breakout 2-3 weeks long 65$ call, If not a 50$ put
DB on snap ?? hmm..
Closed position at $62 from $53 Entry. Price was rejected at the $64 resistance level, solid trade GLTA still holding.
This is not financial advice. My projection here is pure7based on technical analytics and nothing to do with fundamentals. I’m expecting least 22% retracement.
Wait for the breakout then buy on pullback. Chart looks clean and easy. Make your own decision
This is my theory. Educational idea.