Snap Inc.
Long
Updated

SNAP - Bottom is likely in

580
Broken charts take time to heal and this one is showing signs of improving.

Pullback from 200EMA but at volume shelf. Still could go either way. Distribution here again would be catastrophic.

Tight PA here around 10 bodes well for 12.50. watch for flag on the daily for potential gap fill above.

No position yet, but on close watch
Trade active
Tested 200 EMA at 11 and holding well into supply. That unfilled gap likely to get filled soon.
Got a start position yesterday at 11.32
Stop loss: 11
Trade active
No reason to sell here. Ride it to 19.

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