Bullishcharts

$SNAP bullish trade setup

NYSE:SNAP   Snap Inc.
Entry level $15.29 = Target price $16.79 = Stop loss $15.00
Growth is strong and profitability on the horizon
Continues to be a possible take over target.
May be attracting some investors lost by TWTR.
Still carries a high 15% short interest.
Snap, Inc. engages in the operation of its camera platform. Its products include Snapchat, using the camera and editing tools to take and share Snaps, Friends Page, which lets users create and use Stories, Groups, Video and Chat, Discover for searching and surfacing relevant Stories, Snap Map, which shows friends, Stories and Snaps near the user, Memories, for saving personal collections, and Spectacles, wearable sunglasses capable of taking Snaps and interacting directly with the Snapchat application. The company's primary source of revenue is advertising. Snap was founded by Frank Reginald Brown IV, Evan Thomas Spiegel, and Robert C. Murphy in 2010 and is headquartered in Santa Monica, CA.

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