Love itI am really loving this set up on Snap. More than that FB set up I posted earlier. I am seeing more consolidation for at least end of the week but i am sure this will be one you to keep your eyes on. my first PT is highlighted in purple just above the break out of the wedge here is where i sell 60% of my position and let the rest ride up toward my final PT just around the Ichimoku cloud.
Trade ideas
$SNAP Bullish 📈Snapchat is looking really bullish.
It has currently formed a descending wedge and has 2 gaps to fill that are both in a very similar position and to the upside.
We are also well below our previous trading range so I believe we should be back testing the support of that range as a new resistance in no time.
Will be looking to add a long position on the break of the wedge,
$SNAP hitting a massive support! Great BUY for a LONG $SNAP hitting a very big trendline support + blue zone support and RSI support!
I can count around 7 clear bounces off these support zones, chances are this will be the 8th!
stop loss 49 - price targets 62.2/69.4
LET GET IT!
-Not Financial Advice-
WATCHING $SNAP - Key Levels and Analysis - UpdateWATCHING $SNAP - Key Levels and Analysis
Snap has some pretty strong downward momentum… I would not be surprised to see 40… In fact… that might be a good place to sell some puts… Thinking about it… maybe tomorrow.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your due diligence.
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