SNAP Update 21 December 2018

In mid November I posted that a short seller was suggesting a purchase of SNAP because it had dropped so much.

I said that the structure suggested price was likely to go lower.

I was right.

The #BearFlag is proving out.

I wouldn't be interested in shorting the stock here as Bear Market rallies tend to be violent... and often extended.

But I wouldn't want to be long unless price does a lot of work and changes direction.