Been choppy hunting for a bottom. Easy trade - bullish above neckline, bearish below. Pivots are there to guide potential areas of support and resistance tomorrow.
Comment:
Failed breakout as fundamentals overcome bullish technicals. This was not entirely unexpected as SNAP has been known for not being able to generate revenue even close to its fundamental valuation.
I will likely keep charting this to try and find a bottom, however, I would stay away from swing trading this until a clear trend is established. Alot of pissy bag holders on the way back up (if it ever goes back up). Face it, its an obsolete company. But if we can find a trend and make money on it, lets do it. Until such time, stay away.
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I will likely keep charting this to try and find a bottom, however, I would stay away from swing trading this until a clear trend is established. Alot of pissy bag holders on the way back up (if it ever goes back up). Face it, its an obsolete company. But if we can find a trend and make money on it, lets do it. Until such time, stay away.