Two bullish flags have been raised. We could potentially see another.
Technical analysis
Fundamental analysis
On a fundamental basis, I don't think Snapchat will do well long term.
They're getting into gaming with Zynga (ZNGA). That might help short term though.
Technical analysis
- RSI(10) 72 reaching for higher highs.
- OBV confirming at its peak for 2019.
- CCI(20) @115 - Could potentially reach 240 for bounce
- Resistance @$17.8 / Support @11.5
Fundamental analysis
On a fundamental basis, I don't think Snapchat will do well long term.
They're getting into gaming with Zynga (ZNGA). That might help short term though.
Catatan
Third flag raised! News Headlines that pushed bulls:
BTIG (capital market company) say investors are ignoring its recovery.
Short-term rally is continued.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.