Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
I'm presently watching SNAP. Earnings weren't too bad. Beat expectations a bit. RSI on the 4H timeframe is still very bullish (>70). MACD is showing a potential crossover to the bearish side so you may be able to pick this one up cheaper. Maybe on a retest of $8.25 or so.
I wouldn't jump right in here even though I've put in a little equity in case it moves up. Market is risky right now so I don't plan to hold this for too long. I've got some option calls that I've purchased at a decent premium that I'll cash in on a decent return.
Moving averages are turning bullish on this 4H timeframe which is also a good sign for future growth.
Stop loss at the recent low around $8.00
Trade safely friends! Enjoy!
I'm presently watching SNAP. Earnings weren't too bad. Beat expectations a bit. RSI on the 4H timeframe is still very bullish (>70). MACD is showing a potential crossover to the bearish side so you may be able to pick this one up cheaper. Maybe on a retest of $8.25 or so.
I wouldn't jump right in here even though I've put in a little equity in case it moves up. Market is risky right now so I don't plan to hold this for too long. I've got some option calls that I've purchased at a decent premium that I'll cash in on a decent return.
Moving averages are turning bullish on this 4H timeframe which is also a good sign for future growth.
Stop loss at the recent low around $8.00
Trade safely friends! Enjoy!