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Oh SnapNote: All of what I claim below is simply the way I perceive the market. I am not certain nor do I suggest you take my advice without first taking into consideration what I have said. Whatever you do, be critical of what everyone claims. Those who claim certainty in these markets tend to get hurt the most. Observations: Snap was publically listed on the Cboe BZX exchange on February 27th, 2017. Since this time, the price has been on the decline. But on May 13th, 2019, price action broke above the major diagonal downward trendline A, suggesting that sentiment had reversed. I believe Snap is currently in an overall uptrend until it breaks below the point in which it broke out of ($12.48 to be exact). Therefore, I have highlighted the major support level D as a region where if price reaches, may bounce off of. If price breaks below this point, I can only imagine there will be more pain to come. I personally believe that smaller trends can be found within larger trends. As you can see in the above image, Price broke out strongly from trendline A, forming the upward trendline C. Now look at how the price broke below trendline C and began to form a falling wedge. I expect some more consolidation within this pattern and then a continuation up towards the resistance trendline B. I’ve chosen this spot as a target because price action resisted harshly from it once before. Thank you for reading, Have a nice day!
NYSE:SNAPLong
by PoorRicardo
Zuckerberg is Bottle-Necking The Entire Collective ConsciousnessI post all these well researched and unique articles all over Facebook groups, but all of them get blocked... This Fascistic Orwellian censorship is bottle-necking the entire human collective consciousness, and the damage Zuckerberg and his Big Tech Cartel Cohorts are doing to the human collective consciousness is incalculable, and they should be tried in the Hague for crimes against humanity. Zuckerberg has given the Poynter Institute access to their algorithms so they can decide what is real and what is fake, yet they have shown time and time again that they are just as biased as every other media organization -- maybe even more, and this was displayed clearly for all the world to see when they refused to cover Bloomberg's recent decision not publish investigative reports about Democrats. According to the Poynter Institutes "Fake News Codex", which I am about to show you in the list below, this would warrant labeling Bloomberg as a highly biased news organization, which should result in up to 80% reduced sharability We should be terrified by the world these Tech Companies are trying to create; a world where the average man and woman will be completely powerless to the ruling elites hypocrisy, fraud, and lies. For awhile, the internet was a tool that enabled unprecedented hyper inter-connectivity, giving the masses a tool to fight back against corruption, but now those days are over. Today, anything that contradicts the mainstream narrative will be deboosted, or even outright blocked, and your account will be banned. Today, if the government says it's true, it is just true, and we will have no way to counter their lies. The Poynter Institutes "Fake News Codex" bias: OpenSources: "Extreme Bias: Sources that come from a particular point of view and may rely on propaganda, decontextualized information, and opinions distorted as facts." conspiracy: OpenSources: "Conspiracy Theory: Sources that are well-known promoters of kooky conspiracy theories." clickbait: OpenSources: "Clickbait: Sources that provide generally credible content, but use exaggerated, misleading, or questionable headlines, social media descriptions, and/or images." fake: Fake News Codex: "Sites that are fake,… A site doesn't need to exclusively publish fake content to qualify. In fact, many publish a great deal of authentic material, though it’s typically presented in a biased and tawdry fashion. This 'real' content serves as cover for the fake." OpenSources: "Fake News: Sources that entirely fabricate information, disseminate deceptive content, or grossly distort actual news reports." Politifact: "Fake news sites: There's little consistency of content or style among fake news sites — the common thread appears to be that they distribute fabricated content, but the reasons aren’t always apparent." Politifact: "News imposter sites: Adding to the fog of fake news online, several websites appear to try to confuse readers into thinking they are the online outlets of traditional or mainstream media sources." Snopes: "Fake News Sites and hoax purveyors… spreading fake news and outlandish rumors" and "false, disruptive claims" that "regularly fabricate salacious and attention-grabbing tales." satire: Fake News Codex: "Sites that are not necessarily intended to mislead (such as The Onion and its legion of imitators), but that can be misunderstood by naive readers." OpenSources: "Satire: Sources that use humor, irony, exaggeration, ridicule, and false information to comment on current events." Politifact: "Parody or joke sites: Many of the deliberately false or fake news stories we see in social media feeds begin on websites that attempt to parody real news — imagine the humor website The Onion, but without the name recognition (or often the comedic writing talent)." unreliable: FactCheck.org: "Websites that have posted deceptive content." Fake News Codex: Sites that are "extremely misleading… We do not include sites that merely have a clear political or ideological bias." OpenSources: "Hate News: Sources that actively promote racism, misogyny, homophobia, and other forms of discrimination." OpenSources: "Junk Science: Sources that promote pseudoscience, metaphysics, naturalistic fallacies, and other scientifically dubious claims." OpenSources: "Rumor Mill: Sources that traffic in rumors, gossip, innuendo, and unverified claims." OpenSources: "State News: Sources in repressive states operating under government sanction." OpenSources: "Unreliable/Proceed With Caution: Sources that may be reliable but whose contents require further verification." Politifact: "Sites that contain some fake news: Finally, some websites appear to get duped like the rest of us."
NASDAQ:META
by InteractiveSwingTrading
SNAP - Is it?We have a clear double top with declining volume on the second top. While this is happening we have a bearish divergence with the RSI indicator. Even with being conservative & stating that the neckline was broken around $15 we still get a minimum price target of $11.49 which I moved up slightly to $11.60 where there are some previous support/resistance levels. I should note that SNAP just had earnings & received a couple of upgrades today from JP Morgan & Needham. Not to mention they had an upgrade a few days ago, prior to earnings, from Bank of America/Merrill Lynch. Always risky with earnings/upgrades but the pattern is the pattern.
NYSE:SNAPShort
by Chartimistic