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Snap Inc (SNAP) “On a long-term technical basis, the stock (SNAP) is trading above its 200-day moving average which implies it is in a positive trend.
The stock has support at 16.93 and 16.06. If the stock breaks down through support at 16.93 then it will probably continue lower to 16.06. The stock will meet resistance at 18.17 and 19.76. If the stock breaks up through resistance at 18.17 then it will probably continue higher to 19.76. The 200-day moving average is at 15.22. This will also act as support. The stock is neutral according to the Stochastic Indicator (37.09).”
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