SNAP Short Position Setup – 09/14/2017

Divergence Chart Review – Snap, Inc

Divergence Chart Review, Part 2 – Snap, Inc


SNAP Short Trade Setup

The stochastic has rolled over and made a lower high, forming a divergence. This signal is combined with a support break in the rising wedge pattern. This is all happening at the resistance area of a bearish channel . All are bearish and combine to give a strong short signal.

Sell: 14.90
Stop: 15.20 (-2.01%)
Cover Target: 14.08 (+5.50%) – 13.54 (9.13%)



 

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