Snap Inc highly overrated for now.

124 0
Snap Inc opened on the stock market
for 17 dollars a share.the price have
sky rocked and seems to be unstoppable

however the share has risen 73.12% on 2 Days!!

Is it overrated? no i think that there are big
potential in the stock. as snap is focusing
on expanding the business with new futures
on the app, as well making moves in new
markets, as the advertising and so on...

it they keep up with the development
and introducing new futures , the app
could some day be at the same length as facebook .

Snap Inc made a stunning 404 million Dollars in revenue
in 2016. which is 600% since it debuted in 2014
Yet the company was not profitable as it lost
almost 515 million dollar. and have yet not made a
earning on the revenue.

Back to the technical. We can see that the protection
is increasing as well as the depth.
The momentum is strong and wants to keep moving
upward. as we can see on the 15 min chart. its kind of
stuck in the price range between 26.47 and 27.53.

i will expect the stock to go back to the 27.53 area.
and than moving down, filling the gab making a
Deep correction, before moving up again.
however i think that when earnings report is released
the price will be slammed back to the offering price
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