SNAP (Snap Inc.) - Bullish Quarter aheadSnap Inc. provides technology and social media services. The Company's principal product Snapchat, is a camera application that helps people to communicate through short videos and images. Snap Inc. is headquartered in Venice, California.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Heiken Ashi chart already indicates further move upward
- Slow and Fast MACD's are neutral at the moment, but I anticipate further push upward over the coming days - get your timing right!
- Expectation for the price to move to MID TARGET over the quarter
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!