$SNAP Needs To Take A Breather.

NYSE:SNAP   Snap Inc
-Stock has risen nicely after capitulation.
-Hitting the upper band on the bearish channel .
-Market looking kinda weak so a breakout from the channel is unlikely.
-Stock looks overstretched and can retest 21 day EMA in the coming days.
-Stock has also moved out of upper Bollinger Band and should move lower here.

Not an investment advice. Do your own due diligence.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.