Idea for Snapchat suggesting a break up through the circle, assuming the triangle formed just below the circle is acting as a flag
A lot of broadening wedges, a cup lacking a handle and a big symmetrical triangle
Snapchat parent company Snap Inc (NYSE:SNAP) showed strength in its advertising revenue in the first quarter. Analysts saw many positives from the quarterly earnings report.
Snap's first quarter checked all three boxes of revenue, users and EBITDA that Nowak was watching.
Snap’s advertiser base nearly doubled year-over-year in the first quarter. Up-front...
Last time i tried to predict this stock i was devastated but right now i feel more confident on my prediction.
1. Possible inverse H&S taking place as we speak
2. In case it is activated i am waiting to see whether that will be the top and whether we will see the formation of a massive H&S as shown on the graph with a target close to the Covid gap
3. So first long...
$SNAP 2HR.... Watching for price to reclaim uptrend channel and a possible reversal to retest ATH, could see a possible move to 65 and if volume is low we could see a sell off and back to previous lows, possible double bottom at 51.38 under that strong demand near 48.20... if we break that I'm seeing an overall move to my wave c target at 43. Now if we see higher...