SNAP - trading in the range

٢١ نوفمبر ٢٠٢٤

Hi Traders

Snap Inc. is in an uptrend since August '24 and has a lot of upside potential. I would wait to see whether the upcoming price movement doesn't invalidate this uptrend, so the share price doesn't drop below $10. If this isn't the case, the uptrend will likely continue and the price will move to a higher high.

Also in terms of fundamentals, Snap Inc. is doing great. They reported strong third-quarter 2024 results and made considerable progress in diversifying revenues with Snapchat+ through new artificial intelligence-enabled features. They authorized a new share repurchase program of $500 million as well. Zack Investment Research expects 2024 net sales to rise 15.4% from 2023.

Enter this trade, after the price movement validates the continuation of the uptrend, between $10 and $11. Target a share price of $16.9 and put a stop loss at $9.6.

٢٤ ديسمبر ٢٠٢٤

تم فتح الصفقة

Buying SNAP now.
16,91 $ is the target .