It has closed above the 50 SMMA
MACD, ATR, stochastic are all in supportive positions.
It's under resistance and the volume just isn't there quite yet. Once it breaks, hop in for a short ride.
Cup & Handle is a "continuation" pattern of a prior trend, which in this case, was "up".
The cup that formed represented a healthy 38% fib retracement of the up swing AB. However the handle is somewhat "deeper" than ideal. Nevertheless, the time appears ripe to bet on the continuation of it's uptrend with a potential C&H target @ 110.
Caveat: Earnings coming up...
Nice break above previous resistance; earnings next week. Looking for a move to 100 pre earnings and another 20 within a week after. if you wanted out of this name, you got out in the previous month or so. path of least resistance looks upward.
blew earnings out of the water to the tune of 620%
Stock dumped (people got their money and got out)
MACD heading in the right direction
ATR is beautiful
Stoch is coming around.
Picked up an call option on this one
I think my 50% goal on this one should be ok unless the market psychology gets a hold of buyers
Pre/Post Earning Play.
I cannot digest that $Snap is a 40B Market Cap, Its not my business. But the short interest on SNAP and IRBT caught my eyes among others.
A simple bet, if the earnings push these higher beyond expectactions, a Run for the money is imminent.
Despite the bullish movement in Price, indicators show that maybe a change is on the way.
Volume in particular is concerning.
Support below is at the 50ma
May be best for earnings to pass
If this goes back up to 78.50 that would tell me that it tested resistance that it broke and that is now support. Then there is a large gap to the upside it could fill. Stock has a low float and very high short ratio.
