(This is not financial advice)
Hello everyone cup and handle breakout play on SNAP here. This stock always seems to play well for me and proves to be a more and more profitable company. They did beat earnings and small a small run up with good volume coming through. I set up green lines for resistance and red lines for support, as well as a box that we can look at to see if it breaks above it could moon or if it could break below we could see a drop. I am also looking for a break on the MACD which would prove for this to be even more bullish.
Let me know what you think in the comments and if you like my ideas leave a like and follow.
Thank you!
- Vlaire
Hello everyone cup and handle breakout play on SNAP here. This stock always seems to play well for me and proves to be a more and more profitable company. They did beat earnings and small a small run up with good volume coming through. I set up green lines for resistance and red lines for support, as well as a box that we can look at to see if it breaks above it could moon or if it could break below we could see a drop. I am also looking for a break on the MACD which would prove for this to be even more bullish.
Let me know what you think in the comments and if you like my ideas leave a like and follow.
Thank you!
- Vlaire