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DubbsyFX
May 27, 2022 3:44 PM

SNAP Longer Term Buy and Hold Long

Snap Inc.NYSE

Description

Snap lost over 80% since September 2021.

Recent price drop..they basically said they won't make earnings.

Support zone between $4.90-$8.00. If price drops below the $4.90 price it might start getting sketchy.

If we see a gap fill, I expect to see some resistance going through $27 zone.

Ultimately I can see the stock go between $40-$48 long term.

I'll probably be buying in and checking on price over the year while snagging more and more. But I don't expect anything huge soon. It'll be a slow crawl in '22 and picking up steam in '23.

Already bought some at $14.22..

Comments
shreyansh4693
My Average price is 16 $, I hope it goes back up to 40 soon
DubbsyFX
@shreyansh4693, I hope so too, but it may take awhile. Haha.
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