SNAP IS REDAY TO GO UP - KEEP IT IN YOUR PORTFOLIOThe liquidity on the market has been taken Don't panic and keep SNAP in your portfolio SNAP IS GOING UP (Respect the take profit point) Longby IamAmine11Published 0
SNAP LONG The only bearish case for $SNAP is if it gets below the 48 mark, other than that looking to fill the gap to at least $75. Bearish traders are looking to see the stock fall back below the $48 level and be able to hold below it. If this level can hold as an area of resistance, the stock could see a strong bearish push in time. Levels to watch R1:$58 R2:$62 R3:$70 S1:$48 CLOSE <$48 = TANK Longby IlaughatyouPublished 221
BUY SIGNAL ON SNAPSnap Chat generated a buy signal, just thought it would be worth sharing since support has been held (white dashed line). Longby csmottola71Updated 0
FINALLY IT BROKEeasy to see what is happening, notice today, it could move moreLongby danielguijarro19Published 1
SNAPLONG-TERM: Bullish shark, sprung back above a support zone, bullish engulfing candle at the low, classic bullish divergence on RSI. (not financial advice)Longby Champion-VibePublished 3
$SNAP clearing recent resistance...If it continues to push has room to 54 area... big intraday spike with volume... and social media names strong this morning...by UnknownUnicorn3162232Published 0
SNAP Broadening Formation Breakout Weekly Options PlayDescription Snap has been working this pattern since DEC20, making its ATH in September of 21' and appears to have broken the lower accumulation line. The trigger for the short position is @ 50 on the weekly time frame, but 49 on the daily time frame, so the position here is a starter. Following a back test or definitive continuation, I will be adding to the position or stopping out at 50. Refer to this chart for the longer time frame: Technical Indicators: Break of lower accumulation line Converging 50/200D EMA Good volume on the breakout Using Long Puts Long Put Levels on Chart SL is a daily close > 50. An intermediate price target is at 44, then 35, and longer term is set at 17.5. For an intermediate target, we will be going with 44. *Stops based off underlying stock price, not mark to market loss The Trade BUY 12/23 45P R/R & Break-evens vary on fill. Manage Risk Only invest what you are willing to loseShortby BarnardRUpdated 551
SNAP breakout and short potential SNAP appears to have been in a correction cycle following the mid November drop from 57 to 47, which is part of a much longer term correction cycle from the ATH of $83. Looking back at the entire price action, it is very clear that the SNAP run-up was due to a very well-defined Elliot wave cycle (if only they could all be this beautiful): This wave count is confirmed by the Recognia algorithm, which predicted a wave A bottom around $41: "Recognia has detected that Snap Inc (SNAP on NYSE) has entered Wave A of its Elliott Wave cycle. This bearish signal indicates that the price may fall from the previous close of 55.14 to the next Elliott Wave target price of 41.12." In the main chart you can see that SNAP has been looking for this bottom and moving through a head and shoulders reversal pattern. On the 30m chart this HS reversal breakout has as neckline right at the 51.40 resistance. However, on the lower 5m timeframe the the price action seems to be losing momentum after a rejection off the 30m resistance. This can be seen by the 5m head and shoulders top formation with a neckline coinciding with a 1Hr support: This pattern could signify the beginning of the Wave B correction cycle which could see a price increase to as much as $71 depending on the overall state of the market: Short term options trades: A failure to hold the 1hr support and subsequent fall below the 50Ma would trigger a short entry, while a close above the 30m resistance would trigger a long entry. As I wrote this the price action also formed a bearish shooting star, which could signify the bearish sentiment may win out. Long Term options/stock trade: long term DTE bullish strap option strategy paired with 25 shares with exit points at $56, $61 and $71 by kodyshepherdpersonalUpdated 2
SNAP Down Oversold but not sold enough Much as I want to see this one go back up - next drop is to the 40 mark. If exhaustion could bounce up but need to see Monday's action on this to confirmShortby GenroPenUpdated 221
Going to fill the gap at $30- broke support - in a clear downtrend - no PE ratio - rates due to rise soon - investors flocking to value or value tech Nobody wants shit without a PEShortby UnknownUnicorn15475986Published 222
SNAP Short Swing TradeYesterday an alert I set on a pending SNAP triggered signifying what I thought would be the top of the breakout. I took an initial 12/17 50 put entry off of strong bearish divergence when what I thought was wave B hit a resistance and then doubled the position when the Pa fell below the head and should neckline. Closed position today for $300 profit, but I'm not sure the downward movement is complete. After my piss poor trade management with AMD yesterday though, I'm looking to do better with profit and loss management. So, ill be looking to re-enter later today. Shortby kodyshepherdpersonalPublished 1
snap perdictionMy prediction for snap in the next six months....... BUY NOW!!!!!by andystedem1Published 0
BUY THE DIP // SNAP WILL KEEP UPDATING fdf df d fd fd fd fd fd fd fddddddddddddddddddddddddd ddddddddddddddddddddd Longby RNGezzusPublished 0
Snapchat potential short setup. High timeframe so this could take several months to even get back to the gap fill but very nice high RR on this if it comes to daddy. Classic bearish island top into potential H&S as per Edwards/Magee.Shortby jthrasherUpdated 112
Swing trade on Snapdivergence, it could bounce, support broken for scare u, ur scared u loseLongby danielguijarro19Published 0
Easy Long.Not much to say here really...snap will benefit big off metaverse thematic.Longby Swoop6Published 115
SNAP Broadening Formation BreakoutHere we see a right angle broadening formation, with the accumulation line on the bottom. What appears to be an island reversal pattern appeared in the daily chart, marked by the yellow rectangle, which is typical of congestion patterns like this. Broadening formations are typical of late stage bull markets and are accompanied by irregular volume throughout. A majority of broadening formations carry bearish implications, and a breakout occured today in SNAP, although not by the generally "safe" 3% margin. I would expect a throwback, but the pattern implies a -65% move to the downside to 17.5, although not necessarily soon.Shortby BarnardRPublished 221
SNAP - opportunity for some nice gainsBack when SNAP reporting earnings and had the miss due to the change in policy by APPLE with limiting how SNAP could market to it's clients i thought it was an extreme over reaction as the price literally fell off a cliff when i went digging into unusual whales i found very large call option bets placed out for end of NOV exp which seemed like they placed those options trades to collect premium only, as it was a multi leg strategy it also had very bullish call options included with some of the premium amount for a total option contracts totaling 1.3 million i tweeted out the chart weeks back stating i felt the price would remain in the colored box until those options expired so they could collect the premium and we would potentially see a jump back in the price action looks like we are closely approaching this coming to fruition, def should be a play to keep in your watch listLongby Stock_Hustle21Published 8
Snap Inc. operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application with functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures video from a human perspective; and advertising products, including AR and Snap ads. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California. Below Fair Value: SNAP ($62.97) is trading below our estimate of fair value ($69.26) Below Fair Value: SNAP is trading below fair value, but not by a significant amount. REWARDS Trading at 9.1% below our estimate of its fair value Earnings are forecast to grow 73.7% per year Earnings have grown 12.8% per year over the past 5 years Risk Checks Fail Has there been substantial insider selling in the past 3 months? Significant insider selling over the past 3 months Fail Have shareholders been diluted over the past year? Shareholders have been diluted in the past year Pass Are they forecast to achieve profitability? They are forecast to become profitable over the next 3 years Pass Are revenue and earnings forecast to grow? Earnings are forecast to grow by an average of 73.7% per year for the next 3 years Pass Are they in a good financial position? They have sufficient cash for at least 1 year of operations Pass Is their dividend sustainable? They do not pay a dividend Pass Is their share price liquid and stable? Share price has been stable over the past 3 months Pass Do they have sufficient financial data available? They have sufficient analyst coverage Pass Are there any concerning recent events? No concerning events detected Pass Do they have meaningful levels of revenue? Revenue is meaningful ($3B) Pass Do they have a meaningful market capitalization? Market cap is meaningful ($123B) Pass Do they have negative shareholders equity? SNAP does not have negative shareholders equity. Shortby SkinwahUpdated 112
metaverse stockIf you believe in Zuckerberg's vision of Metaverse which are humans hiding away from reality and sunlight to play a couple of hours in the metaverse or SNAPs spectacles vision of mixed reality. Personally, I would love to augment my every day with important information all around me, making SNAP's vision more of a reality than FB. Will Financial conditions spoil this trade for us? you can't ignore 200M daily users, I use more snap than FB... Longby Macro-Traders-StrategiesPublished 3
Metaverse stockIf you believe in the Metaverse then you either believe Zuckerberg's vision of putting on avatar or you believe SNAPs vision of missed reality and augmented reality as the new norm. SNAP not releasing spectacles until they are ready for consumers is probably the best strategy, the question is will financial condition spoil Metaverse from being priced in or will we end up at 800 before 2026Longby Macro-Traders-StrategiesPublished 1
Long | SNAPNYSE:SNAP Possible Scenario: LONG Evidence: Price Action Entry point: buy order : 53.60$ in case of pull-back, without pullback 54.20$ is buy signal TP2: 56$ TP2 : 57$ Call options, Strike 56$, 11/05/2021, 100 contracts, cost 5600$, profit in target 1: 8k, in TP2: 13k *This is my idea and could be wrong 100%Longby shksprUpdated 223
SNAP cup and handle patternTaking calls above 54.00 TP: 56.50 SL: 53.00 Risk/Reward: 2.5Longby tis844Published 1