Bad Gap Down Candle So FarUnhealthy candle for the gap down so far. This could change by market close but at this moment there is a long top wick with no bottom shadow/tail which will form eventually indicating price will go down some more perhaps.
This is below bottom band set on an 80 SMA. It will eventually return to the bands. Watch out for breaks up though. Bear flags and dead cat bounces may get you (o:
OUCH! Bad day for SNAP and other social media stocks. May catch support at bottom trendline of prior symmetrical triangle. Has violated top trendline of that triangle. Perhaps will get some support at 47.90ish
No recommendation.
SNAP is oversold after the drop. Securities can stay oversold for a while, especially if there is a lot of supply at that level.
