Snapchat is currently trending around the $7 price line prior to earnings
, much cheaper then when they first went to market (as they had a tough 2018). However, after two years, it looks like they pivoted close to the bottom of a resistance point. The earnings
report is coming soon and Snapchat has lots of market potential in trend growth given how they rack up against Facebook
as a competitor. As much as I dislike Snapchat as product, they are socially an undervalued stock. It would be quite interesting to see the growth trending holding this for 4 to 5 years.