Snapchat
Snapchat technicals BULLTwo bullish flags have been raised. We could potentially see another.
Technical analysis
RSI(10) @72 reaching for higher highs.
OBV confirming at its peak for 2019.
CCI(20) @115 - Could potentially reach 240 for bounce
Resistance @$17.8 / Support @11.5
Fundamental analysis
On a fundamental basis, I don't think Snapchat will do well long term.
They're getting into gaming with Zynga (ZNGA). That might help short term though.
Snapchat's run is just beginning Bullish Kumo Twist on 5 year view. price is now above cloud. Once the Tekken and Kegan (or however you spell it) break cloud its is official.
Fundamental analysis:
I dont know one person my age (22) who does not use snapchat on a daily basis
Legit companies have begun spending more with snapchat ads
Snapchat is seen as less saturated for businesses looking to advertise than competitors like facebook
some new game came out that apparently awesome.
For you guisers that say Instagram has stories too.. they both have their place. Its hard to describe. People post super random shit on snapchat. Conversely, people post more "professional" stories on instagram. Peoples moms and grandmas have instagram. "sarah," a college student, doesnt want her mom to see her spending the money that was meant for "x" on blacking out at the bars.
Snapchat will go up. just buy it.
SNAP Looking Strong!anticipating a dip sooner than later but the trend is your friend with this one. Posted a little while back the range this found itself in and as we trended closer and closer to the upper resistance - the news of interest rates was the extra fuel we needed...Looking for $14 still.
GLTA
The Famous IPO Cycle. $UBER $LYFT $FB $SNAP // Uber overvalued?The Famous IPO Cycle. $UBER $LYFT $FB $SNAP
The Famous IPO Cycle. $UBER $LYFT $FB $SNAP
$UBER
In 2018, Dara Khosrowshahi's first full year as Uber's CEO, the company narrowed losses and continued to grow revenue, though at a slower pace than in the previous year.
According to the private company's self-reported financials, full-year revenue for 2018 was $11.3 billion, up 43 percent year over year.
Gross bookings, or the amount collected before payouts to drivers, grew to $50 billion for the year, up 45 percent from the prior year. Its adjusted losses decreased 15 percent in 2018 to $1.8 billion, down from $2.2 billion in 2017. The figure excludes the company's sale of its Russia and Southeast Asia businesses. Including those two sales to Yandex and Grab, respectively, Uber actually saw GAAP losses of $370 million. GAAP losses in 2017 were $4.5 billion.
So while the growth rate is strong by most standards, Uber's growth decelerated over 2018. On a quarterly basis, Uber continues to report heavy losses and slowing growth. Uber's revenue for the fourth quarter came in at $3 billion, up 25 percent from the same quarter last year, lower than the 38 percent it grew in Q3.
While that's not viable for most public companies, Uber is expected to go public this year with a rumored valuation of over $120 billion, and investors will have to decide if Uber's slowing growth warrants that valuation.
In the fourth quarter of 2018, Uber also reported an adjusted loss of $768 million. A $358 million benefit from income taxes cut down what would have been a more than $840 million adjusted loss. Gross bookings for Q4 came in at $14.2 billion, up 37 percent from the same quarter a year prior. It's the highest it has ever been, the company told investors.
In the lead-up to its 2019 IPO, Uber is pitching itself as a full platform for transportation and logistics, not just ride-hailing. The company hopes that moonshot projects such as Uber freight, electronic bikes, autonomous driving and its development of flying cars will help it own a piece of every trip across any vehicle. However, these segments are costly for Uber to develop, weighing on Uber's long-term profitability.
Khosrowshahi took over Uber in November 2017 from founder Travis Kalanick. He inherited a company that was growing quickly but losing billions overseas and roiled by controversy and board infighting. One of his first moves was to retreat from Russia. A few months later, he sold Uber's unprofitable Southeast Asia business.
He has hired a CFO and COO, and so far, appears on track to bring the company public this year.
At the same time, Khosrowshahi has made big expensive bets, such as Uber's acquisition of the bike- and scooter-sharing start-up Jump, and doubling down on expanding Uber Eats.
Uber now considers food delivery part of its core business, along with ride-hailing. While it didn't break out UberEats for the fourth quarter, the segment made up 17 percent of its business in Q3. Back in October, Uber said it was expanding its food-delivery business to cover 70 percent of the U.S. by the end of 2018.
Uber's take rate, or the percentage of revenue Uber makes for every gross booking, declined in Q4. The company told investors that the decline is due to continued investment in new lines of business and rising competition.
Uber may be spending more in the lead-up to its IPO to shore up its market share. Research firm Second Measure shows that Lyft, Uber's largest U.S. competitor, has taken 28.9 percent of the market over the last year. Lyft is also gearing up for an IPO this year, and both companies are racing to get out first. Uber and Lyft filed to go public confidentially on the same day.
Uber's CFO, Nelson Chai, called 2018 the company's strongest year yet.
"Q4 set another record for engagement on our platform," Chai said in a statement. "In 2018, our ride sharing business maintained category leadership in all regions we serve, Uber Freight gained exciting traction in the US, JUMP e-bikes and e-scooters are on the road in over a dozen cities, and we believe Uber Eats became the largest online food delivery business outside of China, based on gross bookings."
SOURCE: CNBC
SNAP - Dont fomo it, not yetGood evening everyone,
Snapchat is being a very active stock last week and now we see why,
Price went straight from 20 usd level straight to 5.00 losing 75% of its value in 10 months, now its recovering and people may rush buying it expecting new highs.
Wait!
As we can see 12.0 level was a previous support zone, as demarcated by green arrows and now rsi is overbough (weekly)
On daily chart we can see snap is in a uptrend sure, but what about that huge volume candle spike with high on 12.02, im pretty sure it did trigger a lot of buy-stop orders on the market right? What do we have now? bearish RSI DIVERGENCE (H4 timeframe).
So whats the point? Dont rush buying yet, wait for a good correction close to the yellow uptrend (h4) or our fibonacci retracement zones (weekly) and buy it cheaper, buy it IF price action show bullish behaviour on this zones (i'll update here dont worry).
Too risky to go in right now, at least for my personal strategy and trading plan
Like? Agree? Leave a like, thanks and have a great week.
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.
Bullish Bullish Bullish on snap Following a simple falling wedge pattern. This is the first time snap has experienced this strong of growth. Never before has price been above the green cloud. Every person in 25 and younger uses this app. dont listen to critcal bears. Has already broken resistance. People will start believing when they continue increasing revenues at a lower cost and paying debts.