Snap Inc.
做空

SNAPchat rejected its higher trendline

153
After a sharp rise of about 12% the RSI has become highly overbought.
Fundamentals for this company don't look to good with massive losses. Based on this I would say this stock is far from a fair value.
It looks like snapchat started to tumble over. For now I'm eyeing at 7 usd as a target.
Depending on what the general stockmarket is doing we can expect it to either break it (if the indices are bearish) or bounce it (if the indices are bullish)

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