My favorite trading indicator and the simplest I have seen having great accuracy with every cross
Buy: Blue line crosses above Green line
Sell: When Heikin Ashi turns red after the buy signal
This is my first post so keep in mind I am new!
Reversion to 50 SMA. Government shutdown + bear market + huge market rally last week = pullback to mean. Other factors: SNAP is a particularly weak stock; stiff competition with FB and TWTR. Bearish MACD divergence.
Members,
Happy New Year!
Let's be real: 2018 was a bloody year when betting to the upside.
And we're not even talking crypto. These STOCKS on average are down 15-20% from highs.
As such, when the tide turns against you, the smartest, most successful traders take out the emotion and go with the current.
With that said, we ask that you immediately turn your ...
Patience is linked to reward.
Going into January-February, I will be starting accumulation of Snapchat to hold for targets going into October-December 2020. In past runups, apprx 540-720 days has been the norm in Stocks in general. Snapchat has a good brand value. For now, sentiment is still being washed out.
Based on EW we're currently on wave C up of an ABC correction after 5 waves down. We should continue the downtrend. I would short at the golden pocket if it reaches that area again.
$SNAP - Breaking down through support to fresh lows today. Next target = $4.00 by next earnings report in February.
Note: Informational analysis, not investment advice.
Its clear that the share almost completed downtrend goals and ready to bounce to the fib levels 162% at 7.4 indicators shows uptrend with less volatility so collect long positions on period of time ! . money flow index is improving and RSI showing positive attitude . also candlesticks for last 3 days looks bullish pattern
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NYSE:SNAP
