Sunday Prep 9/19 - $SNAP Have a Nice Flag Forming Up
Have a nice flag forming up here right above the retest area of the last big breakout from earnings. Had a strong day Friday. I think the no-brainer long level is an emotional flush down to the 50d with risk under Thursday’s lows, but I honestly think if it were to come down to mid 73s and buyers show up, I would be ready to get involved in that area. If we break out above the upper trendline of the flag, I would be looking to buy dips as soon as I see some higher lows forming.
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