Play the bounce in SNAP earnings

Since its IPO back in 2017 SNAP has been annihilated on every occasion. the price found support in the 11.28 - 16.88 area where it ranged for the since the past 3 months. However, today a shift happened. The first bullish earnings report hit the street. Wall Street likes the numbers especially the user and revenue growth. The stock is gapping up 22% pre-market.

Following the recent selloff in stocks which id due for a bounce and the positive momentum from this earnings release, there is a decent probability SNAP will try to go back to its IPO price.

Setting up a bid at the first support 16.88 with a stop loss at lower support 15.80 with a target at the 50% retracement of the entire down move, which is 20.36. Overall r/r ratio of 3.22.
sick call bro
DE Deutsch
EN English
EN English (UK)
EN English (IN)
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 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden