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Snap

$SNAP Weekly buyers need to step in here...I think they willSnap recently loss the 50EMA on the weekly but is trading at two important support points - Upward trend line and volume shelf support. Watch for possible more downside to $50 zone, were I would want to see buyers defend here and push back to $60 zone target. I'm in DEC $60 calls down -20% will exit the position with a close below $50 this week. I like the decrease in volume as sellers seem to be exhausted at this point.
NYSE:SNAPLong
by FriscoTrades
2
SNAP is where you need it be $SNAP price fell about 35% last week over earnings report. However this is just one more occasion the market is overreacting. Technical: We seeing support at $52 mark with a liquidity range just below at $48.5. This give a potential right-angled broadening formation. Typically this type of patterns have a 68% strike performance. The purple and green lines are the possible path the market/price could move/ take. Action: Buy first lot at $52.4. if the market is gracious enough to give 48.5 .. buy a second lot your first TP should be anywhere the price touches the red trendline (60.4- 63.6) Goodluck!!
NYSE:SNAPLong
by lexcel
Do Social media Giants find their support level?As you can see in these charts, social media giants have experienced a 20-46% correction in the past 2-4 months! Now it seems they find their primary support level and may experience a 10% upward move in a short time. Opening a long position at these levels seems low risk, however, privacy issues may cause lots of problems for these companies! Looking at their earnings shows disappointing results and this could continue for a while! Meta (Facebook) has made a huge move and changed its name! Those who are familiar with branding know how big this move is..! Be careful with PINS earnings today! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NASDAQ:META
by Moshkelgosha
9
WATCHING $SNAP - Key Levels and Analysis - UpdateWATCHING $SNAP - Key Levels and Analysis Snap has some pretty strong downward momentum… I would not be surprised to see 40… In fact… that might be a good place to sell some puts… Thinking about it… maybe tomorrow. —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your due diligence. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. Have fun, y’all!!
NYSE:SNAPShort
by SPYder_QQQueen_Trading
6
$SNAP Snap stock plunged Friday after the social-networking firm posted disappointing revenue growth and guidance that fell shy of estimates on Thursday. The parent of Snapchat said its advertising revenue was hurt more than expected by Apple ‘s change in the rules surrounding advertising on mobile apps.  The miss weighed heavy on shares of other major social-media companies. Snap (ticker: SNAP) stock was down 25% in Friday trading. Facebook (FB) was down 6% on the news, while Twitter (TWTR) was off 5%, Pinterest (PINS) had fallen 4.4%, and Alphabet (GOOGL) had slipped 3.4%. Snap is the first of the companies to report September quarter results. For the third quarter, Snap posted revenue of $1.067 billion, up 57% from a year ago, and below the company’s guidance range of $1.07 billion to $1.085 billion. Adjusted Ebitda, or earnings before interest, taxes, depreciation, and amortization, was $174 million, well above its guidance range of $110 million to $120 million. On a non-GAAP basis, the company earned 17 cents a share in the quarter, beating the Street consensus of 8 cents a share. The company said it grew daily average users in the quarter by more than 20% to 306 million.
NYSE:SNAPLong
by TheBlankFund
SNAP: Post-Earnings Analysis!Hello traders and investors! Let’s see how SNAP is doing today! SNAP is dropping more than 25% the moment I write this analysis, and it seems nothing can save it. However, even in the most stressful moments, we can use technical analysis to understand the situation. Not by coincidence, SNAP dropped to the $ 57 area, which was a previous support on July this year. This is good, because SNAP didn’t drop to a random point, but the problem is that we don’t see any reaction. There’s not a single bullish structure around, and this is the first thing required in order for it to reverse. We don’t see any bullish chart pattern in the 1h chart, and it is too soon to talk about candlestick patterns in the daily chart. If we see a bullish reaction, it could be amazing, as the risk/reward ratio is looking good for those who are out of SNAP and want to buy it at the cheapest price possible. However, there’s no way we can buy without confirmation. As Livermore would say: “Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.” As far as we know, it could drop all the way to $ 49.90 again, and that would be great. Nevertheless, as someone who’s out of SNAP, I see this as a possible buy. Do you think a drop of 25% is fair, or the market overreacted? Either way, I don’t think this is a sell. The risk/reward ratio makes no sense. If I were shorting it, I would probably buy it back today, and take advantage of this movement. Before you leave, remember to support this idea if you liked it, and follow me to keep in touch with my daily studies. Have a good weekend!
NYSE:SNAP
by Nathan_The_Finance_Hydra
10