Good day on today's stock pick we had a re-enter on 
SNAP. We believe the company is currently undervalued and despite it's terrible earnings report, we still believe the company has a long term value and in worst case scenario to be bought over by 
META with the attempt to expand their monopoly on the App space.
Position:
- Entry 1: $10.73
- Entry 2 (Buy Limit) : $9.75
- Entry 3 (Buy Limit) : $7.89
- SL: $9.25
- TP 1: $13.75
- TP 2 : $23
RR:
- 2.45
Reward:
- 0,30 %
- 31.4 PIP’s
- 3.01$
Risk:
- 0,20%
- 12.8PIP’s
- 1.53$
Confluence’s:
1. 3 consecutive bullish weekly candles
2. Weekly order-block on 16 March 2020
3. Low Intrinsic value
4. Clean 4h break and retest on order-block as above mentioned.
5. Huge gap to be filled between 21st and 22nd July 2022
SNAP. We believe the company is currently undervalued and despite it's terrible earnings report, we still believe the company has a long term value and in worst case scenario to be bought over by META with the attempt to expand their monopoly on the App space.Position:
- Entry 1: $10.73
- Entry 2 (Buy Limit) : $9.75
- Entry 3 (Buy Limit) : $7.89
- SL: $9.25
- TP 1: $13.75
- TP 2 : $23
RR:
- 2.45
Reward:
- 0,30 %
- 31.4 PIP’s
- 3.01$
Risk:
- 0,20%
- 12.8PIP’s
- 1.53$
Confluence’s:
1. 3 consecutive bullish weekly candles
2. Weekly order-block on 16 March 2020
3. Low Intrinsic value
4. Clean 4h break and retest on order-block as above mentioned.
5. Huge gap to be filled between 21st and 22nd July 2022
Dagangan aktif
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.