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$SNAP Breakout

Long
Snap Inc. (NYSE:SNAP)  
optionsswing  
NYSE:SNAP   Snap Inc.
Trend Analysis snapchat Inverse Head and Shoulders
17
2
trendanalysis snapchat inverseheadandshoulders

Snap expects its revenue to rise 81%-85% year over year in the second quarter, buoyed by an easy comparison to its slower ad sales during the start of the pandemic a year ago.

The Technicals are pointing to a breakout to all time highs out of this symmetrical triangle and inverse head & shoulder. A measured move from this pattern gives a target of 83.50 with an extended target of 94 on runners.


-Daniel Betancourt, OptionsSwing Analyst

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