Bull Case: - Has always commanded a premium - Strong revenue growth - Solid Return on Equity - Dividend Safety Bear Case: - Way over valued with P/E = 36 - Will be tough to maintain dominance if we fall further into recession
AMEX:SPY : Possible head and shoulders forming inside a large symmetrical triangle. S/R milestones below include: - HKEX:380 VWAP from the 2020 lows - $350 price target from a head and shoulders breakout
NYSE:SNAP is getting wound tight going into earnings. The current price is sitting just above swing low anchored VWAP. Price is also at a convergence of 20/50/200 SMAs. 04/28 Expiry IV is 119.20% with +/- 1.83, meaning the options are priced for a move as high as $12.60, or as low as $8.
Bull and Bear case information embedded in the chart.
Uber technical analysis with bull and bear case ideas included in the chart