SNAP - Charting the upward velocity

١٨ مارس ٢٠١٩

Using a trend based extension, this chart looks at the upward velocity snap has shown around since last ER. The push that sent it past $10 was an analyst upgrade. It seemed to me that they weren't really pushing the advertising platform. The recent announcements about entering the gaming space made sense as they are going to pursue that to bring in the revenue.

٢١ مارس ٢٠١٩

ملاحظة

This trend extension tool is very interesting. I would appreciate any feedback on the placement I used to create this chart. I tried to use low levels, only one of the 3 levels that set this trend is post-ER as well, which was a big deal for this stock.