Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📦 NYSE:SNAP has been confined within a range for nearly a year , indicating a significant accumulation phase. 📈 For bullish momentum to prevail, a decisive break above the upper boundary at 14.0 is crucial. In such a scenario, the Markup phase would initiate, propelling...
Snap Inc (SNAP) has been on a strong rise since the September 26 Low. Technically since the October 21 2022 market bottom, the stock has been trading within a wide Rectangle pattern, with the majority of its price action observed within the (blue) High Volatility Zone consisting of the 0.236 - 0.618 Fibonacci range. The price is currently on the 0.236 Fib. Every...
Snap stock is rising Tuesday on reports the company has a deal to allow users to directly purchase Amazon (AMZN) products on Snapchat. The deal for Snap (SNAP) follows a similar agreement between Amazon and Facebook parent Meta (META). The agreement will allow Snap users to buy Amazon products they see advertised on Snapchat directly through the app. The...
Snap (SNAP) reported its third quarter earnings Tuesday after the bell, beating estimates of the top and bottom lines and suggesting that more growth for the social messaging company may be on the horizon. These earnings beats were a much-needed win. Snap, owner of Snapchat, has become representative of the malaise that can affect an advertising-dependent tech...
Despite the market consolidation, I agree that the SNAP sell-off was an overreaction. Big hands are attempting to shake off the Snap investors in order to move higher. Currently, large volumes are being bought as much as they can at below resistance, which is around 11.22, but if it breaks, we should expect 12.19 in no time. This is the time to start collecting...
Just broke out of the descending channel and may have found support on the WLB. Entry set on this level with another opportunity to add on the MLB. If level reaches here, I will look at some long dated options available that week. Big divergence on Snab RS + its trading above the EMA on the weekly and looks like it going to cross on the monthly as well.
Yes, I think that it is. On the 15-minute chart, the price action of the post-earnings drop is seen The earnings beat the analysts. Price has started a low momentum recovery. The dual time frame RSI shows the low/blue line RS rising above the high/black line. SNAP is in the deep oversold and undervalued territory in the area of the lowermost...
NYSE:SNAP After Earnings Play, Everybody knows the three day rule where you wait 3 days after a stock reports earnings. You can wait 3 days to begin a starter position in NYSE:SNAP , there is a lot of support at these price levels.
snapchat drops in after hours despite beating numbers. Investor call mentions they are focused on getting free cashflow positive even if it means slower growth.
If you haven`t sold SNAP here: or ahead of the previous earnings: Then analyzing the options chain and chart patterns of SNAP prior to the earnings report this week, I would consider purchasing the 13usd strike price Calls with an expiration date of 2023-7-28, for a premium of approximately $1.34. If these options prove to be profitable prior to the earnings...
NYSE:SNAP Weekly timeframe * Start of a breakdown of the bear flag #Bull: If price can reclaim $10.61 and establish itself, $18.50 is next #Bear: If price doesn't break $10.61, $5.93 is next
Reviewing my valuation worksheet and the charts on snapchat now that new analyst numbers have come out after earnings. Friends dont let friends trade blind. Dont be a dummy and learn valuation. Recommended reading concepts Peter Lynch - PEG ratio , book "Beating the street" Benjamin Graham - cigar butts and the original growth formula book: "Intelligent...
If you haven sold SNAP here: Then analyzing the options chain of SNAP prior to the earnings report this week, I would consider purchasing the 10usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $2.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. I am...
When I was new, I traded just the picture of prices. Later after living through a full cycles, I learned stocks were actually businesses. Business sell stuff to customers and generate revenue each year. Businesses have cash flows and earnings. Thats why when we look book 10 to 20 years, most businesses are more valuable today then back then. Valuation looks at...
On the daily chart we have a lot of bullish potential. First we have a messy looking inverted head and shoulder pattern. The right shoulder looks like a possible Symmetrical Triangle that just completed its 5th touch and could be ready to blast off. Also, there is a Golden Cross that happened yesterday. There are also 3 gaps to fill. First Gap at $15.50,...
Looks like its geared towards 16 in next 4-5 weeks. Could this happen? It could be. Enjoy the ride.
NYSE:SNAP Snap is going to be one to keep an eye on here moving forward. if it can holder these levels I would look for a lot of upside potential
After the TikTok appearance in Congress I do not think the current administration will have the political capital to do anything but ban TikTok. The proposed deal to have TikTok sold from it's Chinese owner seems unlikely after Beijing declined it and also after the CEO got grilled in Congress and did not offer any answers to ease politicians concern the the CCP...