The falling wedge pattern is followed by technical analysts because it typically signals a bullish reversal after a downtrend or a trend continuation during an established uptrend.
+Firms with low earnings estimates tend to perform better than anticipated—because of the low bar: They've nowhere to go but up.
09/21/2023 Snap surpasses 5M paid subscribers
Snap (NYSE:SNAP) says its paid subscribers have topped 5M, putting it halfway to a 10M goal in a little over a year since launch.
At the $3.99 per month subscription price, that amounts to some 20M in monthly revenues or 240M per year.