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Snap Inc.
Long
Updated

SNAP 160 % or more upside expected

1 683
We expect SNAP to drop 15 % more from current prices.

-It will be a good entry for long as it will correspond with a low from March 2020.

-Target show in the chart. We expect the gap to get filled.

-Stop loss shown in the chart.

Snapchat is undervalued at those levels. Good buy also for a long-term hold.
Note
The trade is still valid.
We expect the price to drop to our entry area in the next weeks as September should be bearish for stocks and crypto.
Note
The price dropped to the entry area. If your stop loss didn´t hit, you can continue holding your long position, however we recommend booking profit on the way up and use a trailing stop loss strategy.
Trade active
Snap looks great. We should see more upside soon
Note
Very bullish price action on SNAP. 20 $ is a matter of time
Note
we are bullish on SNAP. Dips are for buying
Note
SNAP came back into the buy zone again.

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