Long Position on SNAP @ $52.25 on 1/8/2021 (Fundamentals)

Snap Inc. (SNAP) operates as a camera company in the United States and internationally.

The company offers Snapchat, a camera application that helps people to communicate through short videos and images called Snaps. It also provides Camera, a tool to personalize and add context to Snaps; Chat that allows creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps surfacing the stories and shows from publishers, creators, and the community based on a user's subscriptions and interests.

In addition, the company offers Snap Map, which brings to a live map of individual location, showing nearby friends, popular stories, and a heatmap of recent snaps posted; Memories that allows users to choose to save the Snaps they create in a searchable personal collection, and users to create Snaps and stories from their saved Snaps and camera roll; and Spectacles, a hardware product that connects with Snapchat and captures video from a human perspective.

The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016.

This stock should see an increase in share prices as it continues to follow along its "upwards trading channel".

Entry Point: $52.25

Trading Range: $7.89 - $54.71

Stop Loss: $49.65

Target Price: $57.45

Updates

2/2/2021 9:45:59 AM

SNAP closed at $58.30

Position closed on 2/2/2021 at price of $58.30 with a 11.58% gain in 25 days.

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