SNAP trade ideas
SNAP Double TopNYSE:SNAP has formed a double top from July levels. This stock could see some pullback with the growing popularity of NYSE:TWTR and other social media platforms like TikTok. I see downside of 24.79, which is a strong pivot point, heading into the earning's report and if EPS is a bust it could quickly move down to the neckline formed in August at 20.81.
snap heading to ATH?After the recent upgrades to this stock, and looking at it from a technical side snap is closing in on an important level after its close yesterday. If it can break out here Snap can very well head to a new ATH. I bought into this trade yesterday with itm calls of 25 strikes and some 26 which had a decent amount of volume expiring on 10/16 .