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youngbosnia

$SNAP Uptrend Still Intact - Can It Breakout of Consolidation?

Long
Snap Inc. (BATS:SNAP)  
youngbosnia  
BATS:SNAP   Snap Inc.
Trend Analysis Support and Resistance Trend Lines
4
0
trendanalysis supportandresistance trendline
It looks like this has bottomed. Very similar look to many other growth names but hasn't really caught much of a bid yet. With news of the TikTok ban, this could see some tailwinds finally. It's been consolidating sideways in the orange channel for some time. If it can get above the turquoise downtrend channel from ATH around 15 or so, I think it could breakout much higher.

Target 1: 15
Target 2: 19.30
Target 3: 25
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