S2NA34 trade ideas
$SNAP Chart Analysis into tomorrowPURELY EDUCATIONAL AND ENTERTAINING MATERIAL
$SNAP consolidating right under ATH prepping for breakout.
Personal use:
Calls can be played 15min close above previous HOD @ 80.10 would likely bring us to test ATH and maybe break through to establish a new all time high! A 15 min candle close below .786% fib @ 78.49 or a break of the previous days low @ 77.46 would be good time to scalp puts. I'm leaning a little more to the bullish side for this one.
$SNAP looking for all time highs$SNAP has been the best acting social media stock despite the extreme weakness shown by $FB recently. It is looking to clear the recent post-earnings channel for a move above its all time high. We are long some $75 calls expiring next month. Possible candidate for a day trade through the pivot at 80.85.
A stock worthy to be boxed. $SNAP analysis.Hi everyone!
Today I am taking a look at the one and only NYSE:SNAP .
This stock was born to be put into my boxes .
Just look at it
The most perfect boxes setup I've seen in a long time!
Key points are indicated on the chart.
The closest levels:
Strong supply on the upside at 79 .
Magnet level at 73,6 .
Strong demand level at 69,9 down below.
Key takeaways:
If we break the box with high volume we see 83 .
BUT I do not expect the price to take over the long-term trend line yet.
Last days volume was not outstanding, so I expect retest of 69,9 first before making ATH.
Trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
SNAP - PEG Play (9/7/21)SNAP has been consolidating for quite some time now after its earnings gap up. Sadly it is trading below the AVWAP from the gap up which usually indicates it will fill the gap but it seems that buyers have stepped in to not let that happen. Many of the newer growth names are extended but this one has been more beaten up recently. We are still holding the RS above 50 and also seeing a declining ATR. We are also trading in a range within the PEG as well as seeing the Fibonacci EMAs in a very tight pattern which usually means a strong move in the next week is coming.