$SNAP possibly forming bottomTo anyone who bought the $SNAP ICO and watched their holdings slowly grind down 80%, your pain may soon be over. Will be buying the breakout here.
Snaplong
Snapchat test of trend lineWe are expecting a test and possible break of a bearish trend line, this will see a bullish trend.
The reason we are suggesting a bullish movement and break of trend line is because we are excited about Snapchats plans and recent earnings news.
Entry, SL and TPs are reserved for our clients, please message us if you are interested in joining.
SNAP looking for a bullish breakoutBought SNAP back at the opening on the retest. Looking for a breakout from the bullish pennent.
SNAP at support and extended - LONGAt the WL1, price is clearly extended and I look for a Trade up to the L-MLH at least.
(if you don't know what L-MLH means, it's the Lower-Medianline-Parallel - checkout my free course).
Another fact that I want to bring to your attention is, that price reacts very nice at the lines of the Fork - even with all the GAPS in between...
I wish you all a happy and profitable new week.
P!
SNAP reaches trendline supportSigninficant trendline support reached as the company earnings report is due by tomorrow, we can see some correction to the up from here.
Trade: Buy SNAP 14.00
TP1 15.60
Tp2 16.30
SL Daily close below 13.65
SNAPSNAP if forming a Double Bottom and also have a strong support zone and also at RSI now oversold.
For everyone that is interested to invest on SNAP in Long or Short term the entry is 13.81$
-For Short term: Exit at 12$ and profit at 20$.
-For Long Term: Exit at 11$ and profit at 28$
SNAP LT $21 ST $18 | Strategy TradeThis is completely experimental and for research purposes only, this trade will only be followed by myself. I need to have a public store of all experiments to publicly track progress over long periods of time.
Equal move (=1) making an expanding triangle pattern. This will complete at either two buy points indicated with the lower green boxes.
Both areas are valid areas of interest, use stops or risk management accordingly. Personally I use low non-variable quantity purchases with no stop in order to spread risk.
Experimental cross trend support from initial offering, somewhat trying to seek a new pattern similar in mechanics to a falling wedge or triangle.
Areas of interest based on market inefficiency theory, price tests areas of missing price action.
Indicators:
RSI - Period: 14 - Close
OBV
Volume - Period: 1
Long term target for up to 2 years is $21. If Snapchat become profitable and sustain growth overtime, share price may exceed $21/share up to 10x initial investment below $13. However if Snapchat fails these shares will be forfeit unless sold prior to liquidation.
Inherently a company which doesn't currently turn profit is a high risk investment, all care should be taken to lower risk as much as is feasible.
SNAP (SnapChat) IS SETTING UP NICELYMy fractal analysis of this stock shows we're possibly trading the last leg of the post IPO dip.
Snap should be an easy BUY provided we wait for a clean break of the blue downward trend line.
Happy Trading!
SNAP falling wedge in RSI and price - breakout today in at 13.5xAfter so many days of red we have finally broken out of the rapid down trendline. This could be a DCB - resistance and support marked. No fear with a strict plan.
Ideal target ~16s (upper red down-trend line) to re-assess whether or not it'll break out of the medium-term down trend.
SNAP - Is SNAP on its way to the U-MLH?No clear trend in the daily, but we can identify the flow in the lower timeframes.
Here we can see how we can use different forks and the A/R channel to extract information.
Rules telling me, that this share wants to go north. And indeed, chances are high that price will reach the U-MLH, as our rule framework teaches.
A significant close below the centerline would negate this trade idea.
P!
SNAP 60 min. - HA! ...they try to convince you!Really don't think this guy will run up...not now.
First they probably wash the lower zones, and THEN they pull the string.
Looking for a potential buy...after the wash hehe...
P!
SNAP - Down to the centerline and the the bounce?Here is a new view about SNAP.
We made money on the last two trades (up and down) and now we must wait and be patient.
I see the centerline as potential place where this stock can bounce back - how far? Dunno...
But since the confidence is getting crunched more and more, it's also possible that we see a zoom through the centerline, with a following test/retest back to it and then a very sharp continuation to the downside...but this just the possible scenario that plays in my brain.
First we just observe and and see, if SNAP can find supporters at the centerline.
P!
