$SNAP to $14-22I'm not sure what will happen with earnings tomorrow, but even if it's positive, the highest that I see snap going is to retest the top of the bear flag around $40-41 (or on an extreme move, a wick to $43).
After that, I think it sets up a reset of the RSI to fall lower. I think we'll likely see $SNAP in the $14-22 region over the next few months.
Snap
Snap: More pain before relief?!!Snap
Short Term - We look to Buy at 13.20 (stop at 10.72)
This stock has recently been in the news headlines. The CEO reported the company will likely miss its own revenue and earnings targets. Broken out of the triangle formation to the downside. The measured move target is 13.00. We expect further downside to the measured move target zone. We therefore, prefer to fade into the dip at that zone with a tight stop in anticipation of a move back higher.
Our profit targets will be 21.98 and 24.00
Resistance: 18.00 / 22.00 / 30.00
Support: 13.00 / 10.00 / 5.00
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SNAP reaching the price targetIf you haven`t sold SNAP at $32:
Then you must know that tomorrow will be close to our price target of $16.
SNAP just warned that it expects Q2 revenue and EBITDA will fall below its previous low-end guidance from last month!
Looking forward to read your opinion about it.
Snap to break lower? Snap
Short Term - We look to Sell a break of 26.32 (stop at 29.92)
Trades with a bearish descending triangle formation. We look to set shorts in early trade for a further test of the fragile looking support. The bias is still for lower levels and we look for any gains to be limited. The medium term bias remains bearish.
Our profit targets will be 18.18 and 16.10
Resistance: 40.00 / 50.00 / 60.00
Support: 27.00 / 20.00 / 15.00
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SNAP Is Going Up Next Month!NYSE:SNAP is going up next month, so whoever wants to invest in it or was waiting for the right time to buy, now it's the right time to do so. Invest with your eyes closed as the price will surely go up the next month, which supported more by the NASDAQ and S&P 500 bearish run end, and it might even break the trend pattern and the 0.236 Fibonacci resistance zone to go up even more.
SNAP is Bullish and Long!
SNAP Earnings Today ! $26.50 Strike Price Puts loading On 2022-02-14, SNAP largest shareholder, PRICE T ROWE ASSOCIATES INC, reported the selling of 17,607,412 shares.
MORGAN STANLEY also sold 4,061,262 shares and BlackRock Inc. 519,482.
I am thinking to buy the 26.50 strike price puts expiring April 29 for $1.61 premium.
Looking forward to read your opinion about it.
$SNAP Key Levels, Analysis, & Targets $SNAP Key Levels, Analysis, & Targets
So both the weekly and the daily chart are signaling a move lower. It’s WILD to see how over-extended our market became with all of the free money floating around, and now to watch it contract back down…. I have my alerts set for the next two levels down.
There is a little bull gap there that might catch SNAP, but if not I’d be looking around 20
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
Snapchat Accumulation SchematicThere are many possibilities that could happen here, but it does not matter what occurs since it will all be the same. we are still in a range but the directional bias that i assume is bullish, thus volume should increase on rallies and decrease on reactions. We will most likely see more bullish action after a major low or a ST has been tested.
SNAP: Going to $13 Snapchat looks like it will be in a corrective phase for the next year. It may be worth a swing trade at $20, where the longterm support trend line lies, but longterm it should test the $13 range which coincides with an open gap and the .786 retracement of this larger degree 3rd wave.
SNAP Range - Is Upside Still Possible?SNAP bounced from support @ $35.15. Price is attempting to break above the 20 MA (30 min. timeframe), as well as the descending channel, before it can target the upper range again @ $41. If the bottom support of this range ($35) doesn't hold, there is a pretty large gap to be filled down to $26.
A sharp increase is expectedAccording to the pattern, stock is in the best entry position and two levels of price increase up to 0.35 and possibly 0.4 are foreseen. Highly recommended for Mid-term.