BABA and SNAP updates 08/24

BABA: please see here

SNAP: short and sweet all I can say at this moment is that it looks like 5 waves up using daily non-overlapping reversal candles from the ATL, which was exactly at the 61.8% retrace of the ATH to 0. Price became overbought and tagged the 50d SMA. Let’s see where it bottoms (20d SMA is now good support) and if we can get a rally back over the 50d. That be a nice set up.

SNAP daily