Here is a new view about SNAP.
We made money on the last two trades (up and down) and now we must wait and be patient.
I see the centerline as potential place where this stock can bounce back - how far? Dunno...
But since the confidence is getting crunched more and more, it's also possible that we see a zoom through the centerline, with a following test/retest back to it and then a very sharp continuation to the downside...but this just the possible scenario that plays in my brain.
First we just observe and and see, if SNAP can find supporters at the centerline.
P!
We made money on the last two trades (up and down) and now we must wait and be patient.
I see the centerline as potential place where this stock can bounce back - how far? Dunno...
But since the confidence is getting crunched more and more, it's also possible that we see a zoom through the centerline, with a following test/retest back to it and then a very sharp continuation to the downside...but this just the possible scenario that plays in my brain.
First we just observe and and see, if SNAP can find supporters at the centerline.
P!