1SNAP trade ideas
$snap algo flush monday 41~42$Potential cup handle forming or what I’m looking at is an inverse h&s we could see a dump next week quick option scalp before going higher. Overpriced but chart is bullish I doubt we see 35$.. this is setting up for new highs!
SNAP UPDATEWE SHOULD EXPECT SNAP GOES UPPER IN THE RUNNING MONTH, IF IT BREAKS THE SUPPORT, BETTER WE CLOSE OUR POSITION.
I EXPECT IT TO HIT 54 OR 55 .
SNAP strong support at $39, longs & Mr. LONG be carefulRisky if put...why? Because Biden loves to support Chinese tech
SNAP on watchHas been consolidating above the gap. It is positive that it has tested gap support already. Entry would be above the box with a stop below the box.
Targets =dotted lines.
$SNAp Inc - $50.00 Short Term target
SNAP continues to rally as investors seemingly turn their back on Fb & TWTR.
Indicators signal a move higher coming, but be aware of Bearish divergence on RSI.
Our main target is $54.00 medium term.
Short term $50.00 is very possible once above $45.60
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SNAP day trade ideas next week Simple idea
Long side options play, weekly options.
But the break out above all time high,
or Buy the dip as outlined.
Not too much a fan of a swing on this one because it recently had a very big pop
MACD seems promising, and if things are looking bullish this coming week, this may be a pay out nicely.
$SNAP setting up nicely Jan 15 50Cif it holds above 43.45 should see 45, 50. Jan 15 50 C has crazy volume and open interest.
SNAP - November 19, 2020Snap has had an insanely bullish run up this year. Strong ER and a great user base sets the company up nicely to monetize off ad revenue. Looking for sideways consolidation and support on this long term trendline for another leg higher to 50.
SNAP Long1) Possible BO falling wedge
2) Pending HH formation
3) Long squeeze
4) MACD golden cross, pending daily
SNAP setupSNAP has a catalyst with VZ, 5G - if it holds the yellow trendline, January calls can work, otherwise, I'd like to see it fall into place of the below pennant.
