Snap Inc.Long
Buying The Snap (SNAP) GAP
Yesterday, SNAP posted a negative earnings report that missed both the top and bottom lines. The overnight was devastating, as SNAP surrendered more than 30% of its marketshare.
Now, there is a key area in view:
GAP, $11.90-$11.11
Here's the trade:
1) Ahead of today's close, buy from $10.00
2) Profit target @ 11:50 within the GAP
3) Stop Loss beneath today's low @ close
This trade is a bit risky and requires holding over the weekend. However, given the selloff, we are likely to see a test of the GAP early next week.
Now, there is a key area in view:
GAP, $11.90-$11.11
Here's the trade:
1) Ahead of today's close, buy from $10.00
2) Profit target @ 11:50 within the GAP
3) Stop Loss beneath today's low @ close
This trade is a bit risky and requires holding over the weekend. However, given the selloff, we are likely to see a test of the GAP early next week.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.