lexcel

SNAP is where you need it be

Long
NYSE:SNAP   Snap Inc
$SNAP price fell about 35% last week over earnings report. However this is just one more occasion the market is overreacting.

Technical: We seeing support at $52 mark with a liquidity range just below at $48.5. This give a potential right-angled broadening formation. Typically this type of patterns have a 68% strike performance.
The purple and green lines are the possible path the market/price could move/ take.

Action: Buy first lot at $52.4. if the market is gracious enough to give 48.5 .. buy a second lot
your first TP should be anywhere the price touches the red trendline (60.4- 63.6)


Goodluck!!