SNAP just got dumped on last earnings report.
It has since been testing a most important level.
Tight confluence of two Golden fibs marks the spot.
$ 11.72-11.76 is the exact zone to be held.
$ 13.16-13.35 will be first serious resistance.
$ 15.99-16.29 would make a nice final target.
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It has since been testing a most important level.
Tight confluence of two Golden fibs marks the spot.
$ 11.72-11.76 is the exact zone to be held.
$ 13.16-13.35 will be first serious resistance.
$ 15.99-16.29 would make a nice final target.
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Note
Bottom in?Or at least found a clean support
Zoom in (m5)
then a break of Covid fib at $10.37.
Just above we have another such couple
Now we can expect some consolidation,
hopefully in the range of $10.09 - $10.90.
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Note
Nice lift off bottom, right up into our major goldens Zoom in (m5)
Nice stair-stepping up the fibs,
right into a Ping off a Golden Covid (dashed) fib that reinforces the Genesis fib (thick).
NEXT:
Expecting some pullback here from double goldens,
but likely to break and retrace some of the earnings drop.
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Note
BOOMWhat a difference a quarter makes!
Earnings bounce it back to our target.
.
Zoom in (m3)
Pings on both boundaries of our zone,
lower line is a Golden Genesis at $15.99
upper line is a Covid Stimulus fib at $16.29.
This is a pretty serious resistasnce,
so we might pullback a bit from here,
or at least orbit this zone for a while.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.