Snapchat high probability sellI think that snapchat will go down as it has been in a downtrend so far, and on the daily it has broken through the weekly level and retested it. The graph explains the rest
SNAP trade ideas
SNAP: Good Time to ShortSnap may have had its first positive earnings, but it's still WAY overvalued. If you look at it's previous earnings, it's balance sheet, and current P/E, you can see there's nothing to get terribly excited about. With that being said, it's also respecting the channel as well as a gap to fill to the downside. Could be a great put buying opportunity.
Not financial advice
SNAP: WHERE IS THE RESISTANCE AND SUPPORT?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 Retracement level before coming back down. It will need to break the 0.618 and 0.786 level to continue the rally upwards. There is resistance with the EMA Ribbons and the top line of the Descending Broadening Wedge. Volume has picked up. Please review the chart for the remaining notes.
Included in the chart: Trend line, Support and Resistance Lines, RSI , MFI , Death Cross, Simple Moving Average, Fibonacci Retracement, EMA Ribbons, Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have additional charts below on cryptocurrencies, stocks and more to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
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I hate snapchat but it looks like it has upside from hereafter this latest earnings and buying it appears to have upside and potentially a reversal
Snapchat down 25% BEFORE earnings?! Facebook strikes again?!25% is insane for a company to fall in one day on ANOTHER company's news. Holy wow. Call it the "Facebook Effect", and it may be responsible for destroying the market like a cancer.
SNAP eyes on $22.90 going into earnings: SnapChat to Do-or-DieAssets have many Impulses in a lifetime, but only one "Genesis" Fib.
Genesis as in "inception", programmed with all of the DNA it will ever have.
That Impulse predetermines the "Growth Layers" that an asset must follow.
$ 22.90 is the next Golden fib, whose sisters above were clearly reactive.
$ 20.26 and 18.63 are Semi-Major ratios before the next Golden fib 15.99
$ 34.07 above will be the key resistance if we get a "good" earnings report.
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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
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SNAP Inc. a company with Debt and Negative free cash outflowIf 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.
Snapchat-- A buy or sell?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.
SNAP still not profitable | Buy areaIf you missed last Friday`s 28usd price per share, close to the 2017 IPO opening price of $24, then, after a bounce from the oversold area, once interest rates will go higher, i think we can still see it in the 18-25usd range.
SNAP is still unprofitable 4 year after its IPO.
It is trading at 19.5 times its 2020 revenue.
A worthy multiple would be let`s say 9-10 times revenue.
Looking forward to read your opinion about it.
SNAP - Short term bullish Snap had an ugly distribution pattern and an Island Top at the 70-80 price few weeks back and its been selling ever since, with last 3 weeks the selling had accelerated in momentum reaching the importing level of 28-30, closing a long due gap.
That level should provide enough support for a bounce back at 40 level, towards the 50 Daily EMA. I believe SNAP price is so oversold short-term, that bulls will be looking at ER for an excuse to send this up for the next few weeks.
First important level is at 35 next is at 40
SNAPCHAT We waiting the price go to 20.00 and when up to 25.00 that's point for entry, so we have some target and set it one by one .
Every target we can get our profit or wait price up to 80.00 the last target !
Bearish on $SNAPWith Apple's rules for advertising on mobile apps (mentioned in their last 10Q) and growing competition in the space, especially from Tik Tok -- $SNAP is a fairly high conviction short for me. $47B market cap and still not profitable. $831 million loss through September and now we are in a bearish market for tech...
Disclosure: Long February 18 28P
SNAP - seems like a perfect buy x5Wave 4 may be complete, based on fibo proportions and trend channels.
All EW guidelines are met for the trend to continue in the fifth wave.
Let us see.
Snap Inc. -- Bullish Wolfe Wave Detected UPSIDE -- $SNAPWe are in wave 5 of bullish Wolfe Wave. Wait for re-entry into triangle, which is confirmation, to purchase.
$SNAP - Approaching the Disastrous GapThe $SNAP chart looks horrifying. It's quickly approaching the downside gap, which is nearly 20% wide.
Based on overnight futures action, this is a prime short candidate leading into tomorrow.
Share actionWait for it for best entrance, between two white lines you can enter but wait for price action and suitable entrance value
