ContraryTrader

Consolidation , Short at market opening

Corto
NYSE:SNAP   Snap Inc.
If this gets over 73.59 , that will be the start of a ATH and a new uptrend. After just 3 months of consolidation i doubt it will do that. Same thing happen back With apple and Amazon at there last earnings back in May. Amazon was up 80$ premarket which put it at the top of consolidation, at the end of the day Amazon finish -70$. Im not saying this +9$ premarket goes Red , im saying that it will not hit a new high and will lose a significant chunk of its earnings.

First target fib support 67.53
If this gets and holds over to 74$ Negate

Lets see

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