TradeWithTyler

Just Ridiculous, lol

NYSE:SNAP   Snap Inc.
Looked at SNAP today after not checking it really for a few months, and seen the huge uptrend, just ridiculous, lol. I did not see that big move coming. Looking at it now, it seems like its possibly getting rejected off the median pivot line, at 16.88, with re-test rejection, I would say there is strong chance of downtrend starting. Another thing I seen is the CFO sold $500k worth of snap stock the other day. Maybe he see's it coming too lol. If I am right on this analysis we should have a downtrend back to 12.10 and possibly lower. But, if the bullish momentum does return and pushes us back above 16.88, I would look for a break and re-test of that level as it would signal the continuation of the uptrend and I would expect us to push back up to 21.22, possibly even higher. Good luck traders! Make sure to leave a "LIKE" and follow for more chart analysis!

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.