Snap Inc (snap) Has No Friends At The Minute!

Discussion in 'Investment Charts' started by longtermbull, Jul 18, 2017.

  1. Buyonthedips

    Buyonthedips Senior Investor

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    I wonder if this is the start of a mass clearout and a new era for the company? The management changes since it came to market have been significant and the latest looks like a chance to clear the decks and start again. The market does not seem too fazed at the minute but time will tell.
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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  3. Buyonthedips

    Buyonthedips Senior Investor

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    This price seems set to smash through the last of the resistance levels on the upside - have things really turned a corner?
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    Shares taking a breather and to be fair it has held up very well after the recent rally. I thought it was too small to survive but the market seems to be warming to a possible recovery. Interesting!
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    There are a lot of techy stocks stagnating at the moment, Snap and Apple spring to mind. Any reason? Or just a lack of direction?
     
  6. gowiththeflow

    gowiththeflow Senior Investor

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    Looks like the shares were a steal at $5 in hindsight (always a good skill to have lol). Personally this is not a sector I would chase as I think it is far too crowded and the smaller players are slowly being squeezed by the likes of FB. Could SnapChat be a bid target?
     
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