Snap has been under the control of bears since past 2 weeks, it has dropped by approx. 30 percent in recent sell off. I am very bullish on snap. It has shown good revenues and is one of the greatest competitor of Facebook. It is now sitting on a very strong support. It is a weekly support as well.
I believe that this is a very good entry point, or if a better safe trade will be a put credit spread. Indicator showing divergence and i believe it is ready to rise
Ideas is for entertainment. Not a trading advice. Trade at your own risk
I believe that this is a very good entry point, or if a better safe trade will be a put credit spread. Indicator showing divergence and i believe it is ready to rise
Ideas is for entertainment. Not a trading advice. Trade at your own risk
Comment:
increased in price from the date posted. Power of technical analysis.
Trade closed: target reached:
Nice 9 percent increase from the date posted