NYSE:SNAP
The stock is at very curcial level 9 $ which is it covid level
a good cash flowing company
a made a good support after many days
This is educational purpose
Hey everyone! 👋
Last time we explained some of the basics to know when it comes to understanding the Fibonacci retracement tool. If you haven’t read that post, be sure to check it out here:
In this post, we are going to look at the Fibonacci extension along with a few exhibits that may help you solidify your understanding of this unique trading tool....
$SNAP - Long off $74.30 Why: Previous day low and the 50D SMA Notes: Making higher lows on the daily. Looking for a $77.50 clear and a push up. Maybe $80 magnet
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...
Om Namah Shivay
Snapchat is on impulse move from march 2020. The move is still driving the stock higher. It looks the market should do small correction in near by time.
Om Namah Shivay
-Stock has risen nicely after capitulation.
-Hitting the upper band on the bearish channel.
-Market looking kinda weak so a breakout from the channel is unlikely.
-Stock looks overstretched and can retest 21 day EMA in the coming days.
-Stock has also moved out of upper Bollinger Band and should move lower here.
Not an investment advice. Do your own due diligence.
