Z4Zachary
做空

February SNAP Target of 16.5

NYSE:SNAP   SNAP INC
With the recent news of Evan Spiegl selling $50 million worth of shares (http://www.businessinsider.com/evan-spiegel-sells-50-million-in-snap-stock-2018-2) it could be expected for us to see some more profit taking from larger investors during the remainder of this month.

Looking at the daily chart we can see price has revisited and failed to surpass the $21 price therefore we will look to take SHORT positions with an optimal entry price between $20.9 and $21.30. The maximum risk on this trade will be considered around the $23 price with our target area to take profit between $16.3 and $17

The H4 chart price action is signaling a possible reversal towards $18.5 and the H1 / M15 candles are also printing with bearish intent
The volume between February 9 and today has been fairly consistent compared to the high volatility we experienced February 7th and 8th

We must also consider the backlash SNAP is experiencing because of their platform redesign and there is currently a petition with over 1 Million Votes to revert to the old version... if more traders decide its time to take some profits as we approach the end of this month it will leave a nice bullish wick heading into March!

Happy Trading!

Nice setup
回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出