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

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

  1. longtermbull

    longtermbull Administrator Staff Member

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    Is there any particular reason why the Snapchat share price is so strong? I was under the impression not too long ago that this one was literally dying a death. What has turned it around?
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    Snapchat and Twitter are two social media shares which are performing much better than many would have expected. Only six months ago they appeared to be dead and buried but have risen from the dead!
     
  3. Buyonthedips

    Buyonthedips Senior Investor

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    My initial reaction is that the shares are consolidating, with support lines catching up, ahead of a push through $15 then upwards and beyond. Surprising, like many I thought that Snapchat was dead!
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    I still think we are in a consolidation period and the shares will rally again fairly soon :)
     
  5. Buyonthedips

    Buyonthedips Senior Investor

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    Starting to get interesting :)

    Are there any more lock-in periods we need to be aware of?
     
  6. longtermbull

    longtermbull Administrator Staff Member

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    It looks to me as though Snapchat shares are in breakout and set to move significantly higher. Obviously one for the brave but a very interesting one nevertheless!
     
  7. Chartman

    Chartman Senior Investor

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    Lets wait for the breakout :) It is on the way - consolidating just now :)
     
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