Snap Inc.
Panjang

SNAP is in the Wyckoff Accumulation phase

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This Week (July 8 - 12):

Support: The 20-week moving average around $9.00 is now the immediate floor. Below that, the recent support shelf is at $8.00.

Resistance: The first hurdle is the recent high around $10.40. Above that, the path opens up towards $12.00.

Next Month (July/August):

Support: The absolute low of the Selling Climax at $7.10 is the line in the sand that must hold.

Resistance: A major zone of contention will be around $14.00, which was a significant support/resistance area in the past.

Penafian

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