https://www.tradingview.com/chart/ZnatBUjV/
SNAP
Short Snap chat. The app is loosing its popularity among other social media apps.
In the coming months companies will spend less on advertising revenues, and Snap wont be their first choice.
Snap users might be growing in number but don't forget users are spending very little time on Snap chat compared to what they use to few years ago.
I would like to insist again that snap user are spending very little time on snapchat hence its user number growth isn't a driving factor any more.
look at chart, the support in October19 becomes a resistance now. so snap chat share price is going to decline
Short @12.80
SNAP
Short Snap chat. The app is loosing its popularity among other social media apps.
In the coming months companies will spend less on advertising revenues, and Snap wont be their first choice.
Snap users might be growing in number but don't forget users are spending very little time on Snap chat compared to what they use to few years ago.
I would like to insist again that snap user are spending very little time on snapchat hence its user number growth isn't a driving factor any more.
look at chart, the support in October19 becomes a resistance now. so snap chat share price is going to decline
Short @12.80