14 Nov $SNAP Snapchat inc, Weekly Chart Nov 2019
$SNAP Snapchat inc, Weekly Chart Nov 2019
$SNAP is a good example of an undervalued stock. $SNAP Snapchat inc has partnered up with companies including Amazon & Nike, and they have been searching for more ways to get revenue for the company. The last 1/6 quarters have been negative. Q3’ $SNAP reported 446$ million in sales which are around 50% better than Q3’18. They are also launching a new video game plus Snapchat’s audience has been growing significantly in the past few years (most likely because of gen Z).
I cannot justify why this would be a good investment with Technical Analysis only. But again on this one, we have to look some fundamentals too.
A good price range to buy $SNAP would be around 13.37$ to 13.63$.
Remember to read the Technical Analysis of $TWTR Twitter