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Taras_Loboda
16 jan 2020 18:08

SNAP`s coming for a 1st test Kort

Snap Inc.NYSE

Beskrivning

Entering a short position after reflecting from the 18,51 lvl, more chances for a rollback because of a far testing
Kommentarer
Taras_Loboda
i`ve got my SL :), at the very huge period it seems like the last coming to lvl was 2nd test, but anyway, it is just an explaination for myself. Will check it at the 21$ lvl and will keep shorting in mind. Shit happens, thxs to stop-losses.
weensNbeans
This is a very critical earnings call for them... I think they are going to blow it out of the water.

However, how viable are they?
FUNSB
@weensNbeans, the earnings call is not happening immediately with this push; it seems like trying to test the previous $21 high?
weensNbeans
@FUNSB, looking at the Friday daily candle, it was a great open, but clearly shows indecision from the bulls and bears.

TA clearly shows very bullish breakout and recent news on advertisement profitability should be sending this to test the 21.22 a lot faster.

A breakout, but very conservative imo, especially considering this ridiculous market.

Perhaps we will see it approach the 21.22 at earnings time, and earnings with be the decision to push above, or collapse down.
Taras_Loboda
@weensNbeans, absolutely agree.
weensNbeans
@Taras_Loboda, if they break through the 21.22 there isn't much keeping them down... You need to look all the way back to IPO.

Larger picture: does SNAP deserve an almost 27b market cap where they are at currently... Let alone the rise if they break through?
FUNSB
@weensNbeans, Larger pic: its fundamental is not so strong as the recent earning showed.

Chart: Counting from 2018 Dec, its third wave was up and over; more seems down hill from now on to me.
Mer