Skipper86

SNAP has gaps that remain to be filled. $7 price target.

Short
Skipper86 Updated   
NYSE:SNAP   Snap Inc.
Gaps in price action are more often than not filled by later price action as demonstrated by the past gaps pointed to by the green arrows. Two gaps remain to be filled, they are pointed to by the red arrows. The filling of the more recent gap seems inevitable after the hard-fought rejection by the underside of the rising wedge. The older unfilled gap is less of a pull, but the tendency for it to be filled should not be underestimated.
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My shorts are under water here big league, but I'm waiting it out for now. How much higher can a company that hasn't ever posted positive earnings go?

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