Today I am taking a look at the one and only SNAP.
This stock was born to be put into my boxes. Just look at it The most perfect boxes setup I've seen in a long time!
Key points are indicated on the chart.
The closest levels:
Strong supply on the upside at 79.
Magnet level at 73,6.
Strong demand level at 69,9 down below.
Key takeaways:
If we break the box with high volume we see 83. BUT I do not expect the price to take over the long-term trend line yet.
Last days volume was not outstanding, so I expect retest of 69,9 first before making ATH.
Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.