SNAP- Snapchat- Is it good time to buy?
I don't follow SNAP but somehow I stumbled upon the chart. It seems to offer pretty good risk-reward situation.
1) There was a strong U Turn signal few days ago. The stock turned around on heavy volume.
2) Now the stock is facing a resistance/selling pressure around $14.
The plan is to ride it WHEN it breaks above 14 with a stoploss of $1.
|SNAP Time to buy|