Signinficant trendline support reached as the company earnings report is due by tomorrow, we can see some correction to the up from here. Trade: Buy SNAP 14.00 TP1 15.60 Tp2 16.30 SL Daily close below 13.65
SNAP if forming a Double Bottom and also have a strong support zone and also at RSI now oversold. For everyone that is interested to invest on SNAP in Long or Short term the entry is 13.81$ -For Short term: Exit at 12$ and profit at 20$. -For Long Term: Exit at 11$ and profit at 28$
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...
My fractal analysis of this stock shows we're possibly trading the last leg of the post IPO dip. Snap should be an easy BUY provided we wait for a clean break of the blue downward trend line. Happy Trading!
After so many days of red we have finally broken out of the rapid down trendline. This could be a DCB - resistance and support marked. No fear with a strict plan. Ideal target ~16s (upper red down-trend line) to re-assess whether or not it'll break out of the medium-term down trend.
No clear trend in the daily, but we can identify the flow in the lower timeframes. Here we can see how we can use different forks and the A/R channel to extract information. Rules telling me, that this share wants to go north. And indeed, chances are high that price will reach the U-MLH, as our rule framework teaches. A significant close below the centerline...
Really don't think this guy will run up...not now. First they probably wash the lower zones, and THEN they pull the string. Looking for a potential buy...after the wash hehe... P!
Here is a new view about SNAP. We made money on the last two trades (up and down) and now we must wait and be patient. I see the centerline as potential place where this stock can bounce back - how far? Dunno... But since the confidence is getting crunched more and more, it's also possible that we see a zoom through the centerline, with a following test/retest...