Good day on today's stock pick we had a re-enter on SNAP. We believe the company is currently undervalued and despite it's terrible earnings report, we still believe the company has a long term value and in worst case scenario to be bought over by META with the attempt to expand their monopoly on the App space.
Confluence’s: 1. 3 consecutive bullish weekly candles 2. Weekly order-block on 16 March 2020 3. Low Intrinsic value 4. Clean 4h break and retest on order-block as above mentioned. 5. Huge gap to be filled between 21st and 22nd July 2022
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