SNAP has peaked at 18.0 levels a few days ago only to be tamed down back to 11.00 range.
This after the last QTR earnings calls where the company missed earnings estimates even though the numbers are green. The overreaction to this is unwarranted.
Now we're back again at discount levels. It's very rare we see an opportunity like this one.
Significant net buying activity has been spotted. Position takers are placing their bets already on the recovery -- because it will.
Spotted at 11.00
From our visual chart, the hint is clear. The 'star' is about to escape the bear cell and will rise to the sky again soon.
Expect a series of significant rise from the current range.
TAYOR.
Trade active
We are definitely moving up based on our last spot from 11.0 range.
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