SNAP: Tight-Risk Swing Setup Targeting 10%+ Rebound
$Snap Inc(SNAP)$ 1-2 week swing idea on everyone's *favorite* stock,
If you guys know SNAP, you know it acts like your crazy ex girlfriend.
BUT I'm comfortable with the risk level on the chart, which (for me) is a daily close under $7.50.
So I'm risking sixteen cents on the downside, for a 10%+ move back over $8.50.
Put/call ratio is 0.23 since Nov 1st, per bullflowio, meaning tons of call buying activity.
Smaller catalyst I'm watching during holiday shopping is SNAP's shoppable ecommerce AR experience that's available through new year's eve.
SNAP now $7.66.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
