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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 generally implies it is in a positive trend.
The stock has support at 29.71 and 27.79. If the stock breaks down through support at 29.71 then it will probably continue lower to 27.79. The stock will meet resistance at 43.25 and 50.80. If the stock breaks up through resistance at 43.25 then it will probably continue higher to 50.80. The 200-day moving average is at 19.80. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (91.33).”
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