The King of $SNAP is back, with a price target of at least $13As a seasoned multimillionaire trader, I’ve navigated countless market cycles, and few trades have been as straightforward and profitable as Snapchat. Historically, NYSE:SNAP has offered clean technical setups and predictable momentum, making it one of the easiest gains in my portfolio.
Currently, I see a compelling opportunity unfolding:
Initial Target: $9.25 – This represents a gap-fill level that I consider virtually guaranteed based on historical price action and volume profile.
Breakout Potential: $11.00 – Once NYSE:SNAP clears the $9.25 threshold, I expect a rapid move toward $11, driven by momentum and short-covering.
Major Resistance: $13.00 – This is where I anticipate the next significant pause or consolidation.
1) Cup and Handle
2) Doulbe Bottom
Given the current setup, this is an ideal time to initiate a long position. The risk/reward ratio is highly favorable, and the technical indicators support a bullish continuation.
And yes, I’m sharing this publicly — not because I expect anyone to listen (let’s be honest, most won’t), but because I like receipts. When NYSE:SNAP hits these levels, I want the record to show: I called it first.
Strong buy recommendation. But hey, ignore it if you want — I’ll be too busy counting gains.
