SNAP, Breakout PlayNYSE:SNAP keep testing its resistance area. If break 53.9* area and stay close above it. It will be a buying opportunity in that case. Measure move target will be 63. in that case.
SNAP trade ideas
$SNAP resisted at the bottom of the channel looks ready for another push 52.5, 53.8 , 56, 60 after bottom of the channel held forming lower high. 49.8 would be stop loss
SNAP - hit FIB 618 line a few days ago now its is bouncing UP!!SNAP - hit FIB 618 line a BACK ON DEC 28th --- then holding once more at the fib 50 ---- now its is bouncing UP with solid moevement for today!! RSI in good shape --- solid week for DOW helps move everyone up.... through the week ----- IT should continue the momentum... as 54.71 recent highs may be reached soon...and passed
bang bang triangle gangbullish descending triangle , or asending triangle. both highlighted in chart.
bullish for a move towards ATH , then 55+
if and only if it can stay above the 38.20% fib. (50.10)
SNAP to $50 by Jan 8thWeakening bearish divergence, growing bullish divergence, 2 buy signals, and a resistance level at $50.
I see Resistance being tested Early January.
Top 10 2021 Picks (SNAP)Solid 3Q earnings helped SNAP breakout of the IPO base and continued to stay strong post breakout. Expecting digital ad spending to increase in 2021 and drive continued growth.
$SNAP ShortI'm short $SNAP here. Down to the $45-$42 area around earnings in February.
Below the 8day MA I think it retest the 20 and/or 50day MA soon.
Not trading advice
SNAP Possible BreakoutSNAP coiling tight into the apex of the ascending triangle. Solid support along lower trendline and 8 EMA. Breakout could go either way with current market volatility, so playing it safe. My entry will be break of resistance and break of RSI upper trendline.
Decent volume but big OI on the 1/15/21 $55c and $60c.
need to time my entryi love snap but im just holding shares right now, i might consider calls if it dips under 50 again, then my target would be 55-60 in the short term. goodluck :)
$snap for Long $snap is moving nicely in uptrend channel . about to make a big move up.
Target 56 - 57 , soon
Don't forget thumb up :)
*Not a recommendation
bullish snapit will probably be supported in (50.5 - 51.35) and if a H1 candle closes higher than 53.4 it goes for 55.2 - 57.16 - 60.56 - 61.4 - 65 - 69 - 78 - 88 - 100 .
SNAP - December 12, 2020SNAP has been on an absolute tear in the past month since earnings. Price upgrades and increased user conversions is setting SNAP up well to continue higher into 2021. Still would like to see a dip before entering, and currently holding PINS as a long term holding thus justifying my rational for sitting out.
