SNAP looks bullish

Just broke out of the descending channel and may have found support on the WLB. Entry set on this level with another opportunity to add on the MLB. If level reaches here, I will look at some long dated options available that week.

Big divergence on Snab RS + its trading above the EMA on the weekly and looks like it going to cross on the monthly as well.

Trade active

Note

$10.09 is holding nicely and bounced off the daily trendline. Price should move swiftly through local resistance zone before consolidating and continuing to the next targets. Tomorrow should be interesting

Note

Bouncing off of support. If it breaks through the resistance zone, there should be no problem getting to the first target in the next couple of months.

Note

A beautiful bullish engulfing candle with a bounce off the 200 day MA (pink) + the 30 day MA (blue) is about to have a bullish cross.

Note

3 Bar Reversal Patter + Highest Monthly Close since 7/2022. Needs volume to increase, but this is looking great

Note

Resistance now support. First target is in sight just need the volume to spike.

Note

Price dumped back to entry perfectly. Channel is still holding + bounced off 200 day MA. If uptrend is to continue, the retest of the channel should be a bear trap and price should continue up. Divergence is still holding strong. This still looks great

Note

Finding nice support on this channel and 30 week MA. If the 30 week MA holds, then target 3 and the 200 week MA are looking good

IKeepItGreen

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.

IKeepItGreen