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Snapchatanalysis

SNAP; Will We Be Screenshoting this Long Play?✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Let's go family! Breakaway Scalper moves have worked well recently. We are currently looking for a long signal entry from Breakaway Scalper (Green bar color) if the uptrend from Fractal Trend can continue to stay strong and confirmed (Green background). --- STRATEGY USED:Momentum Mover Trend Confirmation = Fractal Trend Entry Signal = Breakaway Scalper Exit Signal = Breakaway Scalper OR Orderblock Mapping --- 1. Fractal Trend is showing an uptrend (Green background color) for SNAP on the 1 hour chart. 2. Price has broken above the channel and is now consolidating on top of it. 3. We are currently looking for a long signal entry from Breakaway Scalper (Green bar color) if the uptrend from Fractal Trend can continue to stay strong and confirmed. 5. If we do get a breakout to the upside will be looking to see how price reacts at R1 - R3 resistance. 6. If we go lower we will look for reactions at S1 and S2 support.
NYSE:SNAP
by AlphaBotSystem
Oh SnapNote: All of what I claim below is simply the way I perceive the market. I am not certain nor do I suggest you take my advice without first taking into consideration what I have said. Whatever you do, be critical of what everyone claims. Those who claim certainty in these markets tend to get hurt the most. Observations: Snap was publically listed on the Cboe BZX exchange on February 27th, 2017. Since this time, the price has been on the decline. But on May 13th, 2019, price action broke above the major diagonal downward trendline A, suggesting that sentiment had reversed. I believe Snap is currently in an overall uptrend until it breaks below the point in which it broke out of ($12.48 to be exact). Therefore, I have highlighted the major support level D as a region where if price reaches, may bounce off of. If price breaks below this point, I can only imagine there will be more pain to come. I personally believe that smaller trends can be found within larger trends. As you can see in the above image, Price broke out strongly from trendline A, forming the upward trendline C. Now look at how the price broke below trendline C and began to form a falling wedge. I expect some more consolidation within this pattern and then a continuation up towards the resistance trendline B. I’ve chosen this spot as a target because price action resisted harshly from it once before. Thank you for reading, Have a nice day!
NYSE:SNAPLong
by PoorRicardo
Snap Chat SNAP stock analysis and forecast. Short opportunitiesShort opportunities are being created on Snap Chat SNAP stock. New weekly supply is being created on Snap Chat on the weekly timeframe around $16 per share. The stock has been doing nothing for a few weeks and it's now dropping strongly creating new weekly supply imbalance and lower timeframe imbalances. No longs are allowed. Price action and supply and demand Weekly price action analysis is telling us than bearish impulses are stronger than bullish impulse so it would be suicidal to open short positions on Snap Chat stop. As per the supply and demand analysis, only shorts are possible, that is, selling the stock or use stock options to trade all the way down as there is a lot of room for price to drop with no important obstacles.
NYSE:SNAPShort
by AlfonsoMoreno
5
SnapChat Bears Abandon Bearish Trend?Conclusion for today’s SnapChat Analysis: Price action in SnapChat has confirmed a bottom bullish reversal and therefore bullish trend starting from December 21, 2018 should continue. Over a year of price action is presented in today’s SnapChat analysis on a logarithmic scale. Immediate attention is drawn to the long term bearish trendline used to highlight the trend in SnapChat’s stock price ever since it reached a price high of $21.22 on February 07, 2018. The chart pattern used in this analysis to describe price action from November 20, 2018 to January 30, 2019 is a Head and shoulders bottom (or inverted Head and shoulders) pattern, which is ideally bullish. Price closed above the neckline of the pattern on January 30, 2019 followed by a rising gap (or window) which also supports a bullish bias for SnapChat. A pull back in price to retest the neckline is plausible as part of the development of the bullish price swing from December 21, 2018. Price closing below $4.90 invalidates the chart pattern mentioned above. Entry of long (buy) positions on a breakout above the February 01, 2019 price high of $7.14 could be considered as a conservative strategy or used to add to existing long (buy) positions.
NYSE:SNAPLong
by Coin_Analyst
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:SNAPLong
by gamer456148