SNAP SHORT TO $50
I wish I caught this easy play last week but IMO its not too late at all!
SNAP is following this descending triangle and SNAP bounced off the trendline which is pushing it on its way down back to daily demand, which is between $51-49.
I would consider this before going long on SNAP and maybe also consider scooping long plays off of demand when it gets there.
Look for a break of 56.80 to confirm downward trend
Look for 5/21 or 6/18 50p
SNAP is following this descending triangle and SNAP bounced off the trendline which is pushing it on its way down back to daily demand, which is between $51-49.
I would consider this before going long on SNAP and maybe also consider scooping long plays off of demand when it gets there.
Look for a break of 56.80 to confirm downward trend
Look for 5/21 or 6/18 50p
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