The chart of SNAP or Snapchat looks like the stock is currently under accumulation. Chinese company 10Cent purchased a 12% interest in SNAP. The earnings reports for SNAP are negative and the Retail stock traders who bought SNAP the day of the IPO have probably sold it already and booked their losses. SNAP looks like the perfect candidate to
make a comeback or be purchased. Only time will tell what the future holds for SNAP. But in the doom and gloom there is a ray of light.