SNAP Looking forwardTrend based on low support points and most recent breakout resistance. Potential for retracement into red zone before next breakout.
Snap
SNAP - Finally enough millenial rektage?SNAP has thoroughly rekt millenials for a couple years now and finally reached a price where buyers were willing to accumulate down in the $5-$7 range. A lot of people are now convinced that snapchat is dead, but may end up being surprised.
Breaking this angle would have me targetting the volume core of 13-14, with a second target in the $15 range.
Beyond that It will need some time to work itself out and I will re-assess. This may be turn into a long term bullish play.
Bear case:
If we fail to break the down trajectory on this attempt, or simply fakeout above and move back, I will exit and re-assess.
Falling below 9.22 I would not be comfortable longing until it offers a nice setup.
SNAP - dump to $1Looks like the chart just completed an X wave. Of course if the price breaks above resistance line all bets are off, but looking at the health of the market it appears to have bearish momentum.
Snap chat daily AnalyseI believe the market after hit the trend line comes to 7 and then we#re going for 16
let's see
SNAP - Charting the upward velocityUsing a trend based extension, this chart looks at the upward velocity snap has shown around since last ER. The push that sent it past $10 was an analyst upgrade. It seemed to me that they weren't really pushing the advertising platform. The recent announcements about entering the gaming space made sense as they are going to pursue that to bring in the revenue.
SNAPchat rejected its higher trendlineAfter a sharp rise of about 12% the RSI has become highly overbought.
Fundamentals for this company don't look to good with massive losses. Based on this I would say this stock is far from a fair value.
It looks like snapchat started to tumble over. For now I'm eyeing at 7 usd as a target.
Depending on what the general stockmarket is doing we can expect it to either break it (if the indices are bearish) or bounce it (if the indices are bullish)
SNAP SHORT - HUGE REJECTION COMINGSnapchat has ran +141% in 12 weeks. The company has no profits, no user growth and massive debt. They are currently trading at 12x Revenue, for comparison FB is 8x Revenue, Twitter is 8x revenue and both of those companies are profitable and have user growth, SNAP doesn't. This rejection has already begun and got demolished at the trend line from the all-time highs. Daily RSI is also way overbought. Huge pullback coming, very overpriced!
Kylie Jenner is probably right!(Little humour in the title) But more seriously presenting a possible short opportunity on SNAP (SnapChat)! Let me know what you think!
SNAP SHORT - RISING WEDGE REVERSALSNAP HAS BEEN UP 93% IN 8 WEEKS. THIS RISING WEDGE REVERSAL WILL DUMP THE STOCK TO A MINIMUM OF AROUND $7.50 BY THE END OF MARCH
SNAP SHORTSnapchat has now went on a greater than +90% in the last 8 weeks since December 24, 2018. It is more than due for a pullback as it has rejected its 200D MA. Also, its recent move after earnings mirrors an 8 day period at the end of October where it ran up before the vast decline. For these reasons, I expect Snapchat to be less than $7 by the End of March.
SNAP - Bearish Wedge or Bullish Continuation?Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
I'm presently watching SNAP. Earnings weren't too bad. Beat expectations a bit. RSI on the 4H timeframe is still very bullish (>70). MACD is showing a potential crossover to the bearish side so you may be able to pick this one up cheaper. Maybe on a retest of $8.25 or so.
I wouldn't jump right in here even though I've put in a little equity in case it moves up. Market is risky right now so I don't plan to hold this for too long. I've got some option calls that I've purchased at a decent premium that I'll cash in on a decent return.
Moving averages are turning bullish on this 4H timeframe which is also a good sign for future growth.
Stop loss at the recent low around $8.00
Trade safely friends! Enjoy!
It's just a matter of time before $SNAP shits the bed... AGAIN!It's just a matter of time before $SNAP shits the bed... AGAIN! #SnapChat touching the 200 MA... R.I.P to all that go long!
AI Vision Snapchat Strong Buy Jeffrey Gundlach is Bearish StocksJeffrey Gundlach announced a bear market on December the 15th, 2018 after a market crash! It's time to close short positions buying the most since IPO.
$SNAP Overbought at Resistance$SNAP Looking overbought today and beginning to retrace after being rejected by the 200d ema line around $9.20
Targeting a retrace back to the area of $7.00-$7.50 by early March
Note: Informational analysis, not investment advice.
SNAP could be a Steal before Earnings See chart folks - think they are getting into short films on mobile devices as well. Obviously I’m not a wizard so can’t magically make this move so don’take this as my wizardly investors advice.
SNAP - UP, UP & AWAY!SNAP just beat on earnings and due to the high short interest this should be a huge short squeeze similar to what we have seen with GE recently. As with GE there is bullish RSI divergence on the daily chart.
Add to this that the US economy is on fire in large part thanks to the PPT and let's let this winner run. Will initially take some profit at $10.30 as there will be a lot of resistance at $10.50.
Could be wrong of course, I usually am!
SnapChat Bears Abandon Bearish Trend?Conclusion for today’s SnapChat Analysis:
Price action in SnapChat has confirmed a bottom bullish reversal and therefore bullish trend starting from December 21, 2018 should continue.
Over a year of price action is presented in today’s SnapChat analysis on a logarithmic scale.
Immediate attention is drawn to the long term bearish trendline used to highlight the trend in SnapChat’s stock price ever since it reached a price high of $21.22 on February 07, 2018.
The chart pattern used in this analysis to describe price action from November 20, 2018 to January 30, 2019 is a Head and shoulders bottom (or inverted Head and shoulders) pattern, which is ideally bullish.
Price closed above the neckline of the pattern on January 30, 2019 followed by a rising gap (or window) which also supports a bullish bias for SnapChat.
A pull back in price to retest the neckline is plausible as part of the development of the bullish price swing from December 21, 2018. Price closing below $4.90 invalidates the chart pattern mentioned above.
Entry of long (buy) positions on a breakout above the February 01, 2019 price high of $7.14 could be considered as a conservative strategy or used to add to existing long (buy) positions.
Why I Think Snapchat could be a Strong BuySnapchat is currently trending around the $7 price line prior to earnings, much cheaper then when they first went to market (as they had a tough 2018). However, after two years, it looks like they pivoted close to the bottom of a resistance point. The earnings report is coming soon and Snapchat has lots of market potential in trend growth given how they rack up against Facebook as a competitor. As much as I dislike Snapchat as product, they are socially an undervalued stock. It would be quite interesting to see the growth trending holding this for 4 to 5 years.
NYSE: $SNAP | #SnapChat looks to be a PERFECT SHORT right now!NYSE: $SNAP | #SnapChat looks to be a PERFECT SHORT right now!
