Short opportunities are being created on Snap Chat SNAP stock.
New weekly supply is being created on Snap Chat on the weekly timeframe around $16 per share. The stock has been doing nothing for a few weeks and it's now dropping strongly creating new weekly supply imbalance and lower timeframe imbalances. No longs are allowed. Price action and supply and demand
Weekly price action analysis is telling us than bearish impulses are stronger than bullish impulse so it would be suicidal to open short positions on Snap Chat stop. As per the supply and demand analysis, only shorts are possible, that is, selling the stock or use stock options to trade all the way down as there is a lot of room for price to drop with no important obstacles.
New weekly supply is being created on Snap Chat on the weekly timeframe around $16 per share. The stock has been doing nothing for a few weeks and it's now dropping strongly creating new weekly supply imbalance and lower timeframe imbalances. No longs are allowed. Price action and supply and demand
Weekly price action analysis is telling us than bearish impulses are stronger than bullish impulse so it would be suicidal to open short positions on Snap Chat stop. As per the supply and demand analysis, only shorts are possible, that is, selling the stock or use stock options to trade all the way down as there is a lot of room for price to drop with no important obstacles.
註釋
Mistype, I meant longs are suicidal
Alfonso Moreno
Set and Forget Trading Community
Set and Forget Trading Community
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Alfonso Moreno
Set and Forget Trading Community
Set and Forget Trading Community
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。