$Snap Inc(SNAP)$has fallen to the resistance zone at 8.50 region. if this support doesn't hold then next support is at 5.10. the orange line is $US2Y(US2Y.BOND)$ which is sensitive to fed interest rate, it retreated from its new high at 4.64 when some members of fed hesitated on further 75bps hikes in dec. snap reduced its intraday losses to form a doji. you can see that snap is badly affected by the rapid interest rate hikes which affected its ad revenue. hopefully its share buyback will provide some support.
application of automatic investment system, this is a good entry point if you do not own snap yet, and add shares equivalent to your paper losses if you own snap.
bon weekend et bon courage
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