Everyone is aware of the tension between snapchat and its competitors. However, those tensions do not need to dissolve for the share price to move to the upside. I believe we hit rock bottom near the share price of 26.
Either a triple inverse H&S occurs, or the blue oval above the channel acts as a support and price reverses at this point. Above the channel is a good entry point, betting on a reversal. Would be nice to see a clean triple inverse H&S although
Snapchat is looking really bullish. It has currently formed a descending wedge and has 2 gaps to fill that are both in a very similar position and to the upside. We are also well below our previous trading range so I believe we should be back testing the support of that range as a new resistance in no time. Will be looking to add a long position on the break of...
$SNAP hitting a very big trendline support + blue zone support and RSI support! I can count around 7 clear bounces off these support zones, chances are this will be the 8th! stop loss 49 - price targets 62.2/69.4 LET GET IT! -Not Financial Advice-
Snap stock plunged Friday after the social-networking firm posted disappointing revenue growth and guidance that fell shy of estimates on Thursday. The parent of Snapchat said its advertising revenue was hurt more than expected by Apple ‘s change in the rules surrounding advertising on mobile apps. The miss weighed heavy on shares of other major social-media...
Snapchat's price drops to the limit of the price zone
Ready for Swing? - SNAP is at 64.10 resistance. - It shows inverse head and shoulders - Needs to consolidate before making a move Suggestions: After consolidation or on confirmed breakout 2-3 weeks long 65$ call, If not a 50$ put
Up or down still trading in range... as it dips I would buy. No analysis just what I see.
SNAP is bouncing around an ascending triangle in the daily, 4 hour, and 1 hour timeframes. There is a good amount of green volume on the daily, which makes me believe their is a good chance of a break out within the coming days/week. According to the resistance on VPVR, if SNAP can break around the 62.50-63.00, it could reach All Time Highs once again.
NYSE:SNAP Long above 64.28 w/ a price target of 66.94 & 69.42 Inverse Head & Shoulder Breakout Fall below 55.90, look to short for a gap fill
I wish I caught this easy play last week but IMO its not too late at all! SNAP is following this descending triangle and SNAP bounced off the trendline which is pushing it on its way down back to daily demand, which is between $51-49. I would consider this before going long on SNAP and maybe also consider scooping long plays off of demand when it gets there. ...
Snap has been under the control of bears since past 2 weeks, it has dropped by approx. 30 percent in recent sell off. I am very bullish on snap. It has shown good revenues and is one of the greatest competitor of Facebook. It is now sitting on a very strong support. It is a weekly support as well. I believe that this is a very good entry point, or if a better safe...
$SNAP 2HR.... Watching for price to reclaim uptrend channel and a possible reversal to retest ATH, could see a possible move to 65 and if volume is low we could see a sell off and back to previous lows, possible double bottom at 51.38 under that strong demand near 48.20... if we break that I'm seeing an overall move to my wave c target at 43. Now if we see higher...
Snapchat new price target : $68 When: Before March 2nd Growth: 9.7% Buy : YES Trade at your own risks
SNAP has followed this pattern so far. just thought might be useful for a long way glance.