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Snapchatanalysis

Snap --> Snap it hereSnap 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 trade will be a put credit spread. Indicator showing divergence and i believe it is ready to rise Ideas is for entertainment. Not a trading advice. Trade at your own risk
NYSE:SNAPLong
by Stockmaanreal
2
Can SNAP reclaim this channel?$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 lows begin to form and we reclaim that channel I can see a retest to 73.18 and ATH breakout to 95. Perfect short and long opportunity for short term option traders, liquid option contracts and decent premiums.
NYSE:SNAP
by jUiCE_Trades
10
Snapchat Long - Back to $25 IPO Open Price To Save The RetailersTwitter got dumped when Trump called them out and it just rebounded like a monster. Snapchat bears looking to take this down at the open but what they don't realize is that they criticized Trump after the close. Trump won't have time to criticize Snapchat after all the backlash that he got. Bears will get squeezed and take us to IPO open price and beyond. Inverse head and shoulders with throwback. If you missed Zoom's inverse head and shoulder with throwback into pump to all time highs then here is your chance to redeem yourself. Enjoy!
NYSE:SNAPLong
by FleurdelisFX
SNAP: A Technical Approach to Snapchat 1W (Jun. 05)X Force Global Analysis: Snapchat had its IPO at $17, and started trading at $24 a share. In this analysis, we take a technical approach to SNAP, and explore its bullish probabilities. Analysis - The first thing we notice is a massive reverse head and shoulders pattern on the weekly chart - It could be said that we are currently in the middle of forming the right shoulder - Within the right shoulder, we have another reverse head and shoulders pattern - The smaller pattern should be interpreted as a bullish continuation pattern, having completed the head - The Relative Strength Index is closer to overbought levels, and the Moving Average Convergence Divergence (MACD) also shows decreasing momentum - Another leg down to complete the right shoulder is necessary for the completion of this pattern - Combining this with Elliott Wave counts, it could be said that we are seeing an Impulse Wave (12345), starting at the bottom of the smaller head - A break and close above the neckline would confirm a bullish rally What We Believe It's important to note that this analysis is a purely technical approach to the stock. Based on certain confirmations of the reverse head and shoulders pattern, we could expect a bullish rally for the long term. Trade Safe.
NYSE:SNAPLong
by XForceGlobal