SNAP is a long-term loser; only a specific technical breakout above 5.90 justifies a short-term trade.
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Red Dog's favorite name, Snap, is trending higher. That's not my favorite name. I hate Snap.
Snap, why do you want You want me to look at Snap? Somebody just said why Snap is up a whole 8 cents at 593. That's what you're going to put my attention to. Let's see what that chart looks like.
Oh, look at that. Actually, you know what? Looks like it's about to take out the 200 day. Um, it's been this thing's been trending down forever. Kind of crazy, right?
but hey, if you think look, you know what? Look a little snappy. Just want to get above the 200 day, maybe there's a little bit of a move. You want to see the weekly chart and how what of a disaster this stock is?
Look at the weekly chart on this thing. Huh? Remember this move? Look at it. By the way, this is was your cup and handle. This is when it took this out. This was 2020. Went from 25 to 83.
And then I remember doing all the technicals here on what you could have seen to get out of the way because you don't fall in love with stocks. Here was your breakout failure here.
Never got back above it. This is when it broke the 21day. And look how this was below the 8day ever since. My goodness gracious. Every rally sold. Every rally sold. And then it based for a while.
And now it's look Gez can I don't know all I know is wow you know but you can see it on the charts if you use moving averages is if you use stops you don't get caught in these kind of things this is when it was awesome and right here you didn't even have to get the top you could have been done with this thing at 70 bucks and or even did it one more time you could have sold it at 44 you could have been so pissed you know that it came at the 44 and you saved yourself a lot of money
But for now, hey, I guess if this can get above 590 with authority where it could get to, this was your last breakdown point. Hey, maybe you can maybe get to seven bucks. But guess what?
That's being a surgeon. That's being a new trade. So, if you want to frame this trade and say, "Hey, I don't care what Snap's done the last five years, but now, cuz I'm a trader now, and maybe there's more teenagers using it.
Maybe there's an AI function. Who knows? You could be longverse here. And if it gets above um you know 604, there's really not much in the wait till 7 bucks.
What this channel has said about $SNAP
T3 Live has only this one call on this stock.