Waiting for a reversal on SNAP 1HNYSE:SNAP
Hammer on the 1H chart. SNAP is currently at the Gap's support level.
Let's see if we get a reversal
Snapchat
SNAPchat rejected its higher trendlineAfter a sharp rise of about 12% the RSI has become highly overbought.
Fundamentals for this company don't look to good with massive losses. Based on this I would say this stock is far from a fair value.
It looks like snapchat started to tumble over. For now I'm eyeing at 7 usd as a target.
Depending on what the general stockmarket is doing we can expect it to either break it (if the indices are bearish) or bounce it (if the indices are bullish)
SNAP SHORT - HUGE REJECTION COMINGSnapchat has ran +141% in 12 weeks. The company has no profits, no user growth and massive debt. They are currently trading at 12x Revenue, for comparison FB is 8x Revenue, Twitter is 8x revenue and both of those companies are profitable and have user growth, SNAP doesn't. This rejection has already begun and got demolished at the trend line from the all-time highs. Daily RSI is also way overbought. Huge pullback coming, very overpriced!
SNAPCHAT BEARS SHOWING UP Looking at SNAP I can see that there is bearish divergence pretty much on every time frame.We are in a rising wedge and We have also just tested the 200 MA . There is not enough juice left in this bitch to break the 200 ma so that is my reason to short it down . Targets posted
SNAP SHORTSnapchat has now went on a greater than +90% in the last 8 weeks since December 24, 2018. It is more than due for a pullback as it has rejected its 200D MA. Also, its recent move after earnings mirrors an 8 day period at the end of October where it ran up before the vast decline. For these reasons, I expect Snapchat to be less than $7 by the End of March.
SNAP - Bearish Wedge or Bullish Continuation?Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
I'm presently watching SNAP. Earnings weren't too bad. Beat expectations a bit. RSI on the 4H timeframe is still very bullish (>70). MACD is showing a potential crossover to the bearish side so you may be able to pick this one up cheaper. Maybe on a retest of $8.25 or so.
I wouldn't jump right in here even though I've put in a little equity in case it moves up. Market is risky right now so I don't plan to hold this for too long. I've got some option calls that I've purchased at a decent premium that I'll cash in on a decent return.
Moving averages are turning bullish on this 4H timeframe which is also a good sign for future growth.
Stop loss at the recent low around $8.00
Trade safely friends! Enjoy!
It's just a matter of time before $SNAP shits the bed... AGAIN!It's just a matter of time before $SNAP shits the bed... AGAIN! #SnapChat touching the 200 MA... R.I.P to all that go long!
AI Vision Snapchat Strong Buy Jeffrey Gundlach is Bearish StocksJeffrey Gundlach announced a bear market on December the 15th, 2018 after a market crash! It's time to close short positions buying the most since IPO.
Why I Think Snapchat could be a Strong BuySnapchat is currently trending around the $7 price line prior to earnings, much cheaper then when they first went to market (as they had a tough 2018). However, after two years, it looks like they pivoted close to the bottom of a resistance point. The earnings report is coming soon and Snapchat has lots of market potential in trend growth given how they rack up against Facebook as a competitor. As much as I dislike Snapchat as product, they are socially an undervalued stock. It would be quite interesting to see the growth trending holding this for 4 to 5 years.
NYSE: $SNAP | #SnapChat looks to be a PERFECT SHORT right now!NYSE: $SNAP | #SnapChat looks to be a PERFECT SHORT right now!
SNAP INC. (SNAP): All The Pivots, Supports & ResistencesFind Winning Trades In Seconds >> efcindicator.com (Special Discount)
SNAP INC. (SNAP): All The Pivots, Supports & Resistences
Short SNAPReversion to 50 SMA. Government shutdown + bear market + huge market rally last week = pullback to mean. Other factors: SNAP is a particularly weak stock; stiff competition with FB and TWTR. Bearish MACD divergence.
Possible buying opportunity for two IPO blundersAn initial public offering (IPO) is often described as a company's "coming out party." It's the moment when a successful, privately held business says, "Hey, world! Who wants a piece of the action?
But what if nobody shows up?
Blue Apron APRN has seen 90 percent of its market value disappear since its initial public offering in June 2017 and SNAP shares' 70 percent plunge in 2018 make these two stocks among the most unsuccessful IPOs of all time.
2019 might finally present a buying opportunity for these two stocks. Further details explained on the graph.
Next Stop for #SnapChat | $SNAP is $4! Yes, we are SHORT!Next Stop for #SnapChat | $SNAP is $4! Yes, we are SHORT!
$TWTR is trending as Facebook and Snapchat lose usersTwitter and Tesla top performers over past three months.
The up direction is only a matter of time! - The stock is establishing a short term trading range.
- Break out of this range might be followed by gaps or shape move to the fist two targets.
- The third target is nor the highest the the stock can go for, but for now this is what I can see.
- Fundamentally the company new online Ads creating method will reflect a major revenue in the financial statement.
$SNAP possibly forming bottomTo anyone who bought the $SNAP ICO and watched their holdings slowly grind down 80%, your pain may soon be over. Will be buying the breakout here.
