SNAP went down some 7% on Thursday on little news, and with some attributing this fall to a single tweet. This market capitalisation loss of 1.5bn looks more like profit-taking after the recent stellar performance. The stock held the support line of post-earnings breakout at $17, and continues to fall but in low volume. In the absence of further negative news, and in the context of a strong market, the shares should recover. Buy the shares here with a target of $21 at the previous high (post earnings) and a stop-loss at $16.50 (below the support line). Reward to risk = 3.25 x if purchased at $17.55. Trade in half size.