AwesomeAvani

Can SNAP slo-mo bounce from an earnings fall? LONG

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AwesomeAvani Uppdaterad   
NYSE:SNAP   Snap Inc.
SNAP had a mild top and bottom line beat with last week's earnings and

the price fall. Given SNAP's mediocre social media interface, I think the

earnings were decent but I suppose most traders felt otherwise looking

for more. Technically on the 1H chart, price is sitting at support at the

bottom of the fair value zone. PVT and the Gaussian Awesome Oscillator

are flat line trendlines. Reversion to the mean says SNAP will rise from

current market price. I will go long. If price can rise and get to 11.5,

the volume profile's volume void suggests it could easily cross over the

mean VWAP into the 12.5 range for another leg higher. If you want my

ideas of targets and a stop loss, please comment.
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