Snap
$SNAP Long TradeHolding monthly VWAP's lower standard deviation band...monthly VWAP sitting at $11.71 currently. Big earnings tonight from %AAPL and $AMZN which could definitely change this in a hurry but for now, as long as we see the lower band hold at $9.48+ then over the next week or two could see a squeeze up to mid $11s before retracing lower trying to find more support.
Zooming out on the weekly chart Century VWAP's lower standard deviation band rests at $6.85 which granting a failure and rejection around $11 I would expect to eventually fall to that level to test the lower band.
For reference each level of century VWAP has served as an important support area since the beginning of this years fall ($43 and $25 +1 STDV band and Century VWAP respectively).
Good luck traders/investors.
SNAP/USD 900% Potential in Long term But -30% more dip possible #Snap/USD Technical GAP Chart Analysis:-
$SNAP currently trading around $10 which is -38% Down in past 24 hours.
It’s very Big Dump in stock Market.
And $SNAP already -88% down from Recent All time High within 10 Months.
It’s also Bear Market for $SNAP Chat.
As Per GAP Chart Majorities all GAP has been Full filled but 3 GAP still pending.
2 GAPs are Upper side and One GAP is Down side.
Upper side GAP = $21.71 & 73.89
Down side GAP = $7.05
So IMO $SNAP may test $7.05 level which is Another-30% from current price Level.
But this is also Best Price to start Accumulation for Long Term.
Accumulation Zone:- $7-$10
Targets:- $21/$40/$55/$73
$SNAPAll Time Low Price is = $4.82
Below this Price we can see free fall and Exit Point also if Price down from $4.82
Risk and Reward both are High…
Reward = 9x
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Buying The Snap (SNAP) GAPYesterday, SNAP posted a negative earnings report that missed both the top and bottom lines. The overnight was devastating, as SNAP surrendered more than 30% of its marketshare.
Now, there is a key area in view:
GAP, $11.90-$11.11
Here's the trade:
1) Ahead of today's close, buy from $10.00
2) Profit target @ $11:50 within the GAP
3) Stop Loss beneath today's low @ close
This trade is a bit risky and requires holding over the weekend. However, given the selloff, we are likely to see a test of the GAP early next week.
SNAP Longer Term Buy and HoldSnap lost over 80% since September 2021.
Recent price drop..they basically said they won't make earnings.
Support zone between $4.90-$8.00. If price drops below the $4.90 price it might start getting sketchy.
If we see a gap fill, I expect to see some resistance going through $27 zone.
Ultimately I can see the stock go between $40-$48 long term.
I'll probably be buying in and checking on price over the year while snagging more and more. But I don't expect anything huge soon. It'll be a slow crawl in '22 and picking up steam in '23.
Already bought some at $14.22..
$SNAP in the gap$SNAP was the worst performer social media stock this week after it lowered guidance for the current quarter. Yesterday it managed to enter the recent gap as the price moved above $14.57. As long as this level holds, one may try a long swing position if the overall market continues to grind higher.
SNAP elliotwave updated 26/May/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Disclaimer
SNAP Inc. Buy: GAP PlayUs it time to go long and shoot for the Monday/Tuesday GAP ($21.71-$14.57) in SNAP Inc.? Perhaps.
It looks like the short-term bearish push may be over Here's the trade:
1) A market buy from $14.50
2) Profit Target, $17.00
3) Initial Stop Loss just beneath $12.00
4) Payoff is 1:1 for $2.50 (17.2%)
SNAP - Bearish pennantBearish looking pennant has formed since Feb, but the volume looks constructive for at least one more upshot at 40s.
One of the better looking growth charts...should money rotate into growth names at some point.
Trend is clearly down, and price below all key moving averages, so bears have control until picture changes.
Break below could test 25, which was the post covid breakout. I would wait for either consolidation above 34 or to breakdown to 25 and see how price acts there.
For now, do nothing
$SNAP Long Opportunities at Monthly Demand ZonesSNAP has had quite the pullback with a lot of other names lately. The areas in green are areas of monthly demand where a long position can be built. Currently we are trading into and just above the first major area and also within the Market Maker Discount zone.