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Snapchat

Snapchat - It's not Facebook, You Just Recognize the Name(Trade this on 1Broker in my signature link for no-fees BTC-settled markets with social trading) Snapchat dumped ~40% on earnings call for a reason. Now there's some murmurs going around about a partnership or an announcement or some nonsense and price has recovered. Charlatan analyst groups like Citron are calling for $17 and if you read their research, it's a hilarious joke that only pump and dump believers would buy. This is a phone app that people use to show each other their junk. Retail just recognizes the name and wants to buy it because bulltards. $13.60 orderblock is being violated so it seems obvious this is going up more. Ascent of uptrend is very steep and that doesn't seem to make a lot of sense for dumping 40% What sucks here is the risk of squeezes against stops at $15-16, but I'm of the opinion that the move in this price area is the squeeze itself. Looking to sell short over the May high, but I do not believe $16 or $17 is going to happen either. Short: $14.50-$14.75 Stop: $15.90 Target: $11.25 R/R: 3.04 Remember, you don't have to win every trade. You just have to make more money on your winners than you do on your losers. If this short is successful then you can also keep a portion of it for long term holdings. Will be a public trade on 1Broker when active. You can "copy" me on the platform as well. == Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party dafoh.org
NYSE:SNAPShort
by RiversAndMountains
2
SNAP CHAT POTENTIAL REJECTION AT 14.50SNAP, INC has been on a steady decline since it hit the market. In a period where the tech sector has been performing well despite recent market shocks, SNAP has not been rising with it's tech cousins. The company has also had some trouble from a recent redesign which upset users as well as some other internal issues. We are seeing a rise from the $10.00 handle since Citron Research issued a rare buy recommendation last week for SNAP, INC indicating that the SNAP,INC is oversold, undervalued, and that the recent problems they have been having are priced-in. They expect a rise to $17.00 before the bullishness ends. Personally, I don't see it. They could be making temporary recovery from their recent slide, but I see the short term bullishness ending around 14.50 when we hit the Kumo Cloud resistance. We also have a fair amount of short term resistance around the 16.40 area which we would need to break before we see 17.00.
NYSE:SNAP
by algocowboy2030
Snap Inc. ForecastCurrently, Snap has broken the potential symmetrical triangle and now has broken the potential falling wedge. While a strong daily close could see this wedge still in play, I see it much more likely that Snap will be dropping to the bottom trend line which has accounted for bounces at ~$11.3, ~$12.3, ~$13.3. Depending on how fast and hard Snap drops, the bounce range could be between $13.5 to $14. Use the trend line as a guide not a set dollar value. It is important to keep an eye on Facebook and other social medias as well. The potential for regulation could invalidate this bottom trend line support if the news gets ugly for social medias through congressional intervention in the space.
NYSE:SNAP
by TheWolfOfST
Strategy Shift, Long SNAP in 2018; Stable IPO $20-24 RangeSnapchat is an Advertising Platform that leverages camera hardware using AR and Geo Location in order to create small, bite sized entertainment experiences that become cyclical and habitual for users. That they called themselves a camera company in 2017 was ludicrous and out of line. The new design leans heavily towards this model and focuses more on AR (which they should given that the iPhone X is starting to propagate a paradigm shift in personal connectivity to hardware and environment) to maximize the camera hardware via software. They have a really great auction system in place and there's a shift internally with empowering the community (finally) that will eventually start to bear fruit if they give these new initiatives proper love and attention. It's a huge pivot, but one that I think they're starting to understand. Being able to let community and companies directly control exposure in order to generate revenue is a total win, especially with the format that Snapchat uses. They're letting companies sponsor promoted stories, which I feel trends towards this new operational structure. They just have to continue to execute well and the stock will start to pop it's way back up. The advertising side of the business is growing exceedingly well and is positioning itself in the best way possible for Snap to leverage it into the future. User base is also increasing, along with the new Lens Studio program, so overall the story for Snapchat is positive (minus all the people fighting the redesign - as usual). I think an accumulation period in April should be watched for before the next earnings call. We're heading into Spring Break, music festival season, baseball and the Spring/Summer momentum shift. Market conditions remaining positive, next EC could be another good trend upwards.
NYSE:SNAPLong
by N3utra
Play the bounce in SNAP earningsSince its IPO back in 2017 SNAP has been annihilated on every occasion. the price found support in the 11.28 - 16.88 area where it ranged for the since the past 3 months. However, today a shift happened. The first bullish earnings report hit the street. Wall Street likes the numbers especially the user and revenue growth. The stock is gapping up 22% pre-market. Following the recent selloff in stocks which id due for a bounce and the positive momentum from this earnings release, there is a decent probability SNAP will try to go back to its IPO price. Setting up a bid at the first support 16.88 with a stop loss at lower support 15.80 with a target at the 50% retracement of the entire down move, which is 20.36. Overall r/r ratio of 3.22.
NYSE:SNAPLong
by slackercapital
1
Over the long run snapchat price is heading to 10 dollarI believe snapchat will not be capable of making enough profit to turn the tide and the stock will keep declining further to the 10 dollar region. It's hard to monetize a platform as snapchat, snap users are mostly teens. Advertisers choose instagram instead of snapchat. I don't want to look to far into the future but it's not unthinkable that snapchat will eventually go to zero dollar. Think about what happend to myspace. Social media is a hard sector to compete. I didn't like the company since IPO to be honest.
NYSE:SNAPShort
by Nielsagaert
2