Snap has been getting killed since Sept. '21, if you believe in this stock long term, the buy area is $5-$8 is a great area build from!
Looking at the options chain today, i would buy the $15 calls with 2022-11-18 expiration date for about $2.55 premium. Looking forward to read your opinion about it.
after a downtrend we had a breakout of the ''VWAP'' and the ''Trendline'' which indicates a return of an uptrend
According to my chart analysis , Snap Snapchat Show strong signal to buy , buy max as you can .
we will see a strong support above the 8$ if we continue to go down, and above the 20$ is our current resistant and breakout zone to confirm the bullish momentum and reversal from the bearish trend , cause that will break our ascending line , that started forming since last year October .
I'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 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,...
Snapchat has produced some interesting price action. It can be seen falling and acting *sticky* to the Fibonacci circle. It just looks nice doesn't it?
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...
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...
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.
Looking at the SNAP chart i can see a double bottom with a price target at the next resistance level, $49. Looking forward to read your opinion about it.
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.
Snapchat has probably peaked in terms of its popularity. Yes- a lot of us use the app. Including myself. But what do they really do that is hard to replicate? All of that aside, technical analysis says this stock is overpriced. Bearish double top. Massive gap down below that has already broken. I originally meant to share this last week. It has also lost both...
Hello everyone, according to my chart analysis of SNAPCHAT stock, I recommended to keep in portfolio, because SNAPCHAT stock is showing a strong buy signal this coming weeks.
Buying puts here, Stop loss if the stock touches $43.00. Take profit between $28.00-$29.00 Thank you
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Snap Inc. (SNAP). The chart is self-explanatory. Death cross on the 1D chart recently occurred. RSI is above the resistance line with a possibility for a re-test. MFI is at the resistance line with an attempt to break out. SNAP's price touched the 0.618 Fibonacci...
If you haven`t sold SNAP at my call here: Then you should know that a strong support volume area is between $12 to $18. I expect to touch that area after the earnings call.