LONG SNAP for NYSE:SNAP by borisrehab — TradingView


SNAP has formed a solid base and is close to finishing its handle formation

Has spent some time in this base so I would suspect a break of ATH could lead us to R1 of 30$ which was the IPO price

Upon taking out the 30$ price which I suspect it will after falling drastically over the last few years, we can see the social media company continue to propel upwards – easily 35$

I’m looking to get into the Jan 2021 27$ calls that are currently costing 3.25/contract

Entry details as as follows

Enter at the break of 27.50 to 28$

Stop loss at 26.50 (located at the bottom of the handle)

Qty: 10 contracts

Thinking this will take 1-2 months for the trade to materialize


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