Snapchat Technical Analysis July 19, 2017

Most of us who have been following Snapchat’s stock for a while have a good understanding of why the stock has been plummeting. One less thing to worry about is the lawsuit Snapchat was undergoing for anyone with losses over $500,000. The lawsuit deadline was yesterday July 17, 2017, but how much more will the stock drop?

Long term investors are grinding their teeth as Snapchat hit a new low of $14.63. Some of the latest news on the social media company has been very interesting, like the new Snapchat Publisher tool.

Entrepreneurs can now create their own ads and market their logos, their businesses, and themselves in a more efficient manner that fits this new age. That new feature is cool, but I can’t say the same for this next product.

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