1SI trade ideas
SNAP AnalysisPrice is currently consolidating on the H4 chart. We saw a dump during earning release. Currently, price filled the fair value gap at 11.64 and retrace strongly to the downside. As we have a very strong imbalance, I'm expecting the price to head towards 14.46 to fill the 50% imbalance before we see a retracement to the downside.
SNAP - Bullish divergenceMkt cap $16.8B
Bullish divergence
Price $10.10 (AH 08.09.2022)
Target $13.79
Stop loss $9.34
IMO
Long on SnapGood day on today's stock pick we had a re-enter on NYSE:SNAP . We believe the company is currently undervalued and despite it's terrible earnings report, we still believe the company has a long term value and in worst case scenario to be bought over by NASDAQ:META with the attempt to expand their monopoly on the App space.
Position:
- Entry 1: $10.73
- Entry 2 (Buy Limit) : $9.75
- Entry 3 (Buy Limit) : $7.89
- SL: $9.25
- TP 1: $13.75
- TP 2 : $23
RR:
- 2.45
Reward:
- 0,30 %
- 31.4 PIP’s
- 3.01$
Risk:
- 0,20%
- 12.8PIP’s
- 1.53$
Confluence’s:
1. 3 consecutive bullish weekly candles
2. Weekly order-block on 16 March 2020
3. Low Intrinsic value
4. Clean 4h break and retest on order-block as above mentioned.
5. Huge gap to be filled between 21st and 22nd July 2022
$SNAP -85% DISCOUNT!Snap has been getting killed since Sept. '21, if you believe in this stock long term, the buy area is $5-$8 is a great area build from!
Rhythm is a dancerSNAP long downside is to 8 bucks upside is to 20
We have some bull div building
It's unlikely to go much lower than 8
First upside target is 20
I don't think 50 is impossible
GRI 2022
NOT TARDING ADVICE
Snapchat at excellent stockpile priceSnapchat has crossed under the $10 mark as far as its listing. Excellent time to stock up on the stock as Snapchat is doing many initiates within the company to increase revenue and other user activities, such as adding Snapchat Plus, Snapchat Ghosts, etc. Snapchat will likely bounce back from its last poor financials report. Buy low sell high boys.
$SNAP Long TradeHolding monthly VWAP's lower standard deviation band...monthly VWAP sitting at $11.71 currently. Big earnings tonight from %AAPL and $AMZN which could definitely change this in a hurry but for now, as long as we see the lower band hold at $9.48+ then over the next week or two could see a squeeze up to mid $11s before retracing lower trying to find more support.
Zooming out on the weekly chart Century VWAP's lower standard deviation band rests at $6.85 which granting a failure and rejection around $11 I would expect to eventually fall to that level to test the lower band.
For reference each level of century VWAP has served as an important support area since the beginning of this years fall ($43 and $25 +1 STDV band and Century VWAP respectively).
Good luck traders/investors.
SNAP rebound playSnapchat has fallen 38% on its earnings report. I am going long here with the idea of a rebound to previous support level at 12.0
Entry: 10.0
Stop: 9.5
Target: 12.0
$SNAPCan be opened on the current with a stop of 10 cents, under the $FB report
After midnight it turns into a pumpkin.
Target - 22-25
SL 9.3
Snapchat near a great buy zonesnapchat is a closer to his perfect buy zone
today snap react well to 9.5$ and seems to be a gerat support
another strong support is the 8$ , if 9.5 broken all zone 9.8$--->8$ seem to be the best zone to buy snapchat
for the hesitate one wait to the 5$ support but at this time not sur to reach that level
Earnings watch 6/21Earnings watch 6/21:
SNAP
STX
NOK
ISRG
COF
MAT
FCX
SAM
AAL
DPZ
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
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SNAP/USD 900% Potential in Long term But -30% more dip possible #Snap/USD Technical GAP Chart Analysis:-
$SNAP currently trading around $10 which is -38% Down in past 24 hours.
It’s very Big Dump in stock Market.
And $SNAP already -88% down from Recent All time High within 10 Months.
It’s also Bear Market for $SNAP Chat.
As Per GAP Chart Majorities all GAP has been Full filled but 3 GAP still pending.
2 GAPs are Upper side and One GAP is Down side.
Upper side GAP = $21.71 & 73.89
Down side GAP = $7.05
So IMO $SNAP may test $7.05 level which is Another-30% from current price Level.
But this is also Best Price to start Accumulation for Long Term.
Accumulation Zone:- $7-$10
Targets:- $21/$40/$55/$73
$SNAPAll Time Low Price is = $4.82
Below this Price we can see free fall and Exit Point also if Price down from $4.82
Risk and Reward both are High…
Reward = 9x
Please Like and Share
Buying The Snap (SNAP) GAPYesterday, SNAP posted a negative earnings report that missed both the top and bottom lines. The overnight was devastating, as SNAP surrendered more than 30% of its marketshare.
Now, there is a key area in view:
GAP, $11.90-$11.11
Here's the trade:
1) Ahead of today's close, buy from $10.00
2) Profit target @ $11:50 within the GAP
3) Stop Loss beneath today's low @ close
This trade is a bit risky and requires holding over the weekend. However, given the selloff, we are likely to see a test of the GAP early next week.
SNAP this upHad to go down to low tfs but if u look left we clearly in a buy zone
More down before up tho probs
GRI 2022
Forks, pivots, fibs
SNAP Gap fillSNAP is entering a gap fill area.
Could see $20 very quickly.
Does report earnings tonight, so gotta be careful
SNAPSNAP looks like on bull run beware of earni9ngs today AH .. we may see a run to 20 but be careful as earnings can send it any direction
$SNAP Setting up nicely for earnings tonight$SNAP is hovering at the bottom end of its last quarter earning gap. Good numbers can easily see the gap being filled towards $21 area. On the downside the previous low of $12 will be key level
SNAP options ahead of EarningsLooking at the options chain today, i would buy the $15 calls with
2022-11-18 expiration date for about
$2.55 premium.
Looking forward to read your opinion about it.
SNAP swing long ideaHey guys, here's my trade idea on SNAP. I think above the clear resistance level that's currently holding it down, it could make a sizable run upwards and fill the gap- at least partially.
$SNAP 5m$SNAP, watch for that level below where we had prior interactions of resistance into support.
SNAP time to buyafter a downtrend we had a breakout of the ''VWAP'' and the ''Trendline'' which indicates a return of an uptrend
