Snap Inc.Long
$SNAP Long Trade
Holding monthly VWAP's lower standard deviation band...monthly VWAP sitting at $11.71 currently. Big earnings tonight from %AAPL and 
AMZN which could definitely change this in a hurry but for now, as long as we see the lower band hold at $9.48+ then over the next week or two could see a squeeze up to mid 11s before retracing lower trying to find more support.
Zooming out on the weekly chart Century VWAP's lower standard deviation band rests at $6.85 which granting a failure and rejection around $11 I would expect to eventually fall to that level to test the lower band.
For reference each level of century VWAP has served as an important support area since the beginning of this years fall ($43 and $25 +1 STDV band and Century VWAP respectively).
Good luck traders/investors.
AMZN which could definitely change this in a hurry but for now, as long as we see the lower band hold at $9.48+ then over the next week or two could see a squeeze up to mid 11s before retracing lower trying to find more support. Zooming out on the weekly chart Century VWAP's lower standard deviation band rests at $6.85 which granting a failure and rejection around $11 I would expect to eventually fall to that level to test the lower band.
For reference each level of century VWAP has served as an important support area since the beginning of this years fall ($43 and $25 +1 STDV band and Century VWAP respectively).
Good luck traders/investors.
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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.