Snap may have had its first positive earnings, but it's still WAY overvalued. If you look at it's previous earnings, it's balance sheet, and current P/E, you can see there's nothing to get terribly excited about. With that being said, it's also respecting the channel as well as a gap to fill to the downside. Could be a great put buying opportunity.
Not financial advice
Not financial advice
Note
Wait to see if SNAP breaks 50 dma at 42.50. Entering puts today near close
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.