Snap Inc.
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Is the SNAP Sell Off overreaction a Reversal Setup?

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Yes, I think that it is. On the 15-minute chart, the price action of the post-earnings

drop is seen The earnings beat the analysts. Price has started a low momentum

recovery. The dual time frame RSI shows the low/blue line RS rising above the

high/black line. SNAP is in the deep oversold and undervalued territory in the area

of the lowermost intermediate-term anchored VWAP lines. The mass index indicator

triggered a reversal in the pre-market hours today. I will take a cautious long trade

here expecting a price appreciation to 11.8 at or below the mean black VWAP.or about

10%.

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