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TheStockMan
Nov 16, 2020 6:53 PM

SNAP H&S Forming? Short

Snap Inc.NYSE

Description

I'm still bearish on SNAP after the exaggerated move at earnings. There seems to be a head and shoulders pattern forming, and it will be confirmed once the neckline is broken at around $38.52.

However, the Stoch RSI seems to be bottoming, so we may see a move up. Perhaps this isn't a H&S, but rather a bull flag.

This is not financial advice. Be aware of your own risks. I am not responsible for your gains or losses.
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