Friday, August 18, 2017

SNAP- Snapchat- Is it good time to buy?

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 Chart
SNAP Time to buy

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