1) $SNAP snapped below Memory trend line support on last Friday. Today, Monday at 10:15 AM EST it is slightly up and is still below the Memory line that it broke on Friday.

You could identify it using CUE Breakout sonar scan program.

2) SNAP is overvalued, though (3) quarterly earnings growth is robust.

4) The industry is weak.

Overall, this is more bearish than bullish.

snap tech 2019-08-26_10-14-59.jpg  snap vital 2019-08-26_10-16-15.jpg 
snap rotation 2019-08-26_10-17-45.jpg 
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