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

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

  1. Chartman

    Chartman Senior Investor

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    Looks to me like social media businesses are coming under a little bit of pressure. The technology sector as a whole is also under pressure with the US/Chinese trade talk problems not helping. There will be a time to buy, when?
     
  2. longtermbull

    longtermbull Administrator Staff Member

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  3. Buyonthedips

    Buyonthedips Senior Investor

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    If you can time this one right you could make a fortune! Time it wrong and you could near enough lose the lot! What a traders dream/nightmare - can you call the turning trends?
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    Just when you thought Snap was dead and buried - a rally above a line of resistance on the graph. Interesting :)
     
  5. Chartman

    Chartman Senior Investor

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    This one keeps plugging away! Just when you think it is running out of steam, it shoots up again and we are off and running. Is there a viable long term business in here which might have value to a third party?
     
  6. longtermbull

    longtermbull Administrator Staff Member

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    The move above $11.50 was the turning point. A breakthrough $15 and the shares could quite literally go anywhere. Interesting as to why they are so strong.
     
  7. Buyonthedips

    Buyonthedips Senior Investor

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    These look like a buy between $11 and $12 and could fly if they push past $14.50 - possible buy on a pull back.
     
  8. longtermbull

    longtermbull Administrator Staff Member

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    I would suggest there is something going on with Snap shares as they are just too strong based on comments regarding trading conditions in the public domain. Might there be a takeover in the offing?
     
  9. Buyonthedips

    Buyonthedips Senior Investor

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    It looks to me as if trading is improving or there is indeed a potential predator sniffing around the company. At this moment in time I would rate Twitter as a buy on weakness.
     
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