Snap Inc.Long
SNAP: at the "make or break" level
i was going to close my long SNAP - but on a second look, we're at the critical level from all the way back to the 2017 IPO times .. marked with the red dotted line @ $23.3 ' ish
the chart shows some anxious sellers (non-believers 😊 ?) who preferred to bail as soon as SNAP hit the > $24 levels - but then we saw no follow thru - so in my view, there's a good chance the demand / bulls takes over - and we should get the result of that really soon.
i may be wrong - but if that happens and the longs manage to push above the safety level $24.10, SNAP may be on to a nice breakout and new highs.
will hold the position for now.
the chart shows some anxious sellers (non-believers 😊 ?) who preferred to bail as soon as SNAP hit the > $24 levels - but then we saw no follow thru - so in my view, there's a good chance the demand / bulls takes over - and we should get the result of that really soon.
i may be wrong - but if that happens and the longs manage to push above the safety level $24.10, SNAP may be on to a nice breakout and new highs.
will hold the position for now.
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Disclaimer
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.