$SNAP Just broke below $12.00 support which is now the resistance. DAU decreased last quarter and rev. growth will also slow down. Given its growth prospects, I do not think this co. deserve a 15x p/s. At $11.64 it looks like a good price to open a short. Insiders are also dumping.
Kommentera:
Interesting, closed red, weak, when major indexes are up.
Kommentera:
$9.82 hit single digits, weak. Oversold short term, rsi of 23, so a bounce is likely.
Trade stängt: målet nått:
$9.65 took profit