No qualifying author-owned investment thesis was confirmed in this post.
The thesis relies solely on historical price action (technical support levels) rather than fundamental business analysis or a concrete catalyst.
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This is what value investing looks like. For EIGHT YEARS the $SNAP stock would never go below $7. It also did not do it in all of January this year. But, two weeks ago it crashed below it and is now trading for 31 % less than $7.
Tell me this is not a cheap stock lol.