1SNAP trade ideas
SNAP to 60+?Beautiful bull flag intraday today leaving it at the top of previous resistance. nicely defined trend channel; has been able to avoid most of the social network pr mess. wouldn't be surprised to see this run to 60 in the next week or two.
SNAP - swinging within channel A good candidate for swing trading (until the channel is broken). :)
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
$snap - bull flagging on dailywe could revisit the 61.8% fib once more before a bounce to the 100% fib levels and then a test for ATH
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 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.
