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Thanks to the earnings reportSNAP is flying today.
But how to proceed when this happens? Is it time to buy, to sell, to go short, or just do nothing? The charts will give us an answer. If you are in SNAP, I always advise to book at least half of your profits in a day like today, just in case, and then set a technical stop-gain Idea for Snapchat suggesting a break up through the circle, assuming the triangle formed just below the circle is acting as a flag A lot of broadening wedges, a cup lacking a handle and a big symmetrical triangle.
We had a strong move on friday out of the channel as expected. The 50d, the monthly pivot, and low.
Lots of confluence there. The quarterly will also catch my eye.
SNAP waiting for a breakout. A measured move from this pattern gives a target of This is my theory. Educational idea.
Snap Inc. Like and An update on Snapchat from last week, we have now reached the top of the bullish pennant formation, an important level to see where the market wants to bring this in the short term. Currently sitting on the top of the pennant, representing a resistance level, watch closely today and tomorrow to see where traders want to bring this.
There are two path predictions I Up or down still trading in range No analysis just what I see. SNAP is bouncing around an ascending triangle in the daily, 4 hour, and 1 hour timeframes.
Analysts saw many positives from the quarterly earnings report. Theres a clear inverse head and shoulders pattern on the chart, which could be alling the end of the consolidation period after its long bull run. I wish I caught this easy play last week but IMO its not too late at all!
Snap stock chart
I would consider this before going long on SNAP and maybe also consider scooping long plays off of demand when it gets there. Start free trial.
Predictions and analysis. Videos only. SNAP: How to proceed in this post-earnings?
SNAP Still deciding where to go? SNAP Buy setup. Show more ideas.