Went long on this. Going to be a longer hold. There's a gap on price in the daily at $36. Given the recent momentum in 
META and 
SNAP, I think we'll see this name get carried along. Still have to clear the EMAs and VWAPs but with a wedge in play and a healthy bounce off the bottom, I'm betting we get some momentum here.
Bullish in the medium timeframe (next 6-12 months). Longer hold.
META and SNAP, I think we'll see this name get carried along. Still have to clear the EMAs and VWAPs but with a wedge in play and a healthy bounce off the bottom, I'm betting we get some momentum here.Bullish in the medium timeframe (next 6-12 months). Longer hold.
Note
This was a pretty easy call to make. Great earnings. Even better is we'rge still within the macro wedge after a gap up in earnings (~17%). I trimmed some of my calls and held a few runners. Great play.Trade closed manually
Overall wedge ended up failing. Was able to make great money within the wedge but the broader trend failed. Oh well.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.