SNAP Gap down - will buy a reversal

Updated

Snap Gapped down this morning on strong ADX and D+, so i will buy the reverse over 11.50 , that will be sign of continued strenght for the stock, and a nice way to join the trend.
Look at AAPL, did the same thing last week.
Buy stop in place at 11.51

Trade active

Tooked the first part out.
If we close in strenght, i will the trade go.
Trail up the the stops.

Note

Nice strong close for SNAP near the HOD, is a good sign, so i will stay in .

Trade closed manually

This Daily Flag still look good, but tomorrow SNAP earnings coming, so not wise to stay in.
Some profit on the trade.

Note

Earnings on 24 apr not 23.
same stuff.

Note

Fantastic resolution of the trade, perfect flag to trade, unfortunately we are near earnings.

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.