Options trading can be difficult in times of such market volatility. However fun stocks like SNAP that are not institutionally traded can tend to follow their own trend. SNAP is set to drop in price as every major trend I look at is screaming sell. This is a great put opportunity for a quick scalping. Indicators to look at:
Triple Confirm Bollinger Bands have initiated two sell signals based on price divergence and volume.
D+ issued a sell signal and you can just look at the past to see how accurate that indicator is. (There is a reason this script cost $$) This script issues buy and sell signals based on divergence.
Speaking of divergence, MACD also shows shrinking bullish divergence and would not be surprised to see growing bearish divergence.
RSI shows that the stock is overbought while the Kurotoga cloud shows that the price is sitting high above support with plenty of room to fall.
I am predicting a $0.75 to $1.00 drop in price for 1.31.23 based on the daily.
Triple Confirm Bollinger Bands have initiated two sell signals based on price divergence and volume.
D+ issued a sell signal and you can just look at the past to see how accurate that indicator is. (There is a reason this script cost $$) This script issues buy and sell signals based on divergence.
Speaking of divergence, MACD also shows shrinking bullish divergence and would not be surprised to see growing bearish divergence.
RSI shows that the stock is overbought while the Kurotoga cloud shows that the price is sitting high above support with plenty of room to fall.
I am predicting a $0.75 to $1.00 drop in price for 1.31.23 based on the daily.