Snapchat in Trouble

NYSE:SNAP   Snap Inc
Sellers are extremely heavy on this stock and I would recommend finding a supply zone and entering short on this stock. The company itself is losing users.

I'm part of Gen Z myself and see myself and my friends using Instagram way more. Not even that, Snap doesn't have the hyper targeting that Instagram can do with the power of Facebook . Instagram is so much more backed.

Only thing supporting this stock is the 11.00 range. Strong demand zone , but if the company doesn't pivot fast enough, I can see that breaking as well.


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