Snap Inc.Long
SNAP - Nice support level for a long trade
Updated
Potential Double Bottom here, the first bottom at 13.6 provide a nice support level that minimize the stop loss to 5% if you buy now at 14.2.
Long Entry: 14.2
Stop loss: 13.6 or 13.14 (0.886 of previous leg up)
Target: 16 to 18
Long Entry: 14.2
Stop loss: 13.6 or 13.14 (0.886 of previous leg up)
Target: 16 to 18
Note
About to touch All Time Low - it's the time to sell in May? The price breaks down support with earnings miss, the trendline is broken and will need a retest around $14.Note
Now the journey restarts where it begins.
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