SNAP calls off of the 55 levelIMO I think that the sell off on SNAP was a huge overreaction and the upside to downside in this billion dollar company is greater. These are just key levels Im watching, also will be watching the 50MA at 61.98.
1SI trade ideas
SNAP: Post-Earnings Analysis!Hello traders and investors! Let’s see how SNAP is doing today!
SNAP is dropping more than 25% the moment I write this analysis, and it seems nothing can save it. However, even in the most stressful moments, we can use technical analysis to understand the situation.
Not by coincidence, SNAP dropped to the $ 57 area, which was a previous support on July this year. This is good, because SNAP didn’t drop to a random point, but the problem is that we don’t see any reaction.
There’s not a single bullish structure around, and this is the first thing required in order for it to reverse. We don’t see any bullish chart pattern in the 1h chart, and it is too soon to talk about candlestick patterns in the daily chart.
If we see a bullish reaction, it could be amazing, as the risk/reward ratio is looking good for those who are out of SNAP and want to buy it at the cheapest price possible. However, there’s no way we can buy without confirmation. As Livermore would say: “Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.”
As far as we know, it could drop all the way to $ 49.90 again, and that would be great. Nevertheless, as someone who’s out of SNAP, I see this as a possible buy. Do you think a drop of 25% is fair, or the market overreacted?
Either way, I don’t think this is a sell. The risk/reward ratio makes no sense. If I were shorting it, I would probably buy it back today, and take advantage of this movement.
Before you leave, remember to support this idea if you liked it, and follow me to keep in touch with my daily studies.
Have a good weekend!
Clear Support LevelI don't want it to but right now we could see a swift move sub 50 into massive support levels of the year.
Look for some kind of a bear continuation pattern develop over the next few weeks for us to hit that.
If that's tagged, Feb 60 calls up on deck.
Bad Gap Down Candle So FarUnhealthy candle for the gap down so far. This could change by market close but at this moment there is a long top wick with no bottom shadow/tail which will form eventually indicating price will go down some more perhaps.
This is below bottom band set on an 80 SMA. It will eventually return to the bands. Watch out for breaks up though. Bear flags and dead cat bounces may get you (o:
OUCH! Bad day for SNAP and other social media stocks. May catch support at bottom trendline of prior symmetrical triangle. Has violated top trendline of that triangle. Perhaps will get some support at 47.90ish
No recommendation.
SNAP is oversold after the drop. Securities can stay oversold for a while, especially if there is a lot of supply at that level.
An Apple a Day keeps Ad misuse away!I apologize in advance for the corny title, I thought about it and had to get it out XD
Case in point, I know there’s a lot of long interest in Snapchat and I’ve never managed to a a catch a good entry.
So.. to all my SNAP bulls, what levels are you looking at? TA and FA ideas welcome
Have a cracker of a day,
Vish
Snap plummets 25% today, is it a good buy? What's EW view on it?Looking at this chart I see a clear running flat formed as the 4th wave which looks to be the correction is completed or will be over soon and we shall look for our call options.
Trade responsibly
SNAP broke down from trading range Earnings send SNAP down.
I was still long on this in late July.
Not looking so bright at least now from a technical perspective for SNAP.
However, fundamentally I think this stock has a relatively bright future ahead.
Problems arise with valuation multiples, if SNAP does not start delivery of large profits soon, market value can decrease drastically.
Yours,
Henrythemaestro
10/22 SNAP Range Bound^range on chart^
Short Iron Condor
10/22 EXP
$300 collateral per quantity
Levels on Chart
Position was built with positive a R/R, so stop levels are built-in.
SNAP - Oversold PT: $84RSI indicator showing that SNAP is oversold. We see a reversal to max $84.
1H RSI @ 10.51.
For educational purposes only.
BUY SNAPCHATBuy snapchat g
Down 25% btfd NYSE:SNAP
Snapchat is a very solid stock and 25% down is a huge over reaction
Easy buys at least to 70
Send it
small comment We can say that it will down in the coming hours, but it cannot be denied that the content in this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting the trader in making an independent investment decision. NYSE:SNA
WATCHING $SNAP for 67.55 - Key Levels and AnalysisWATCHING $SNAP for 67.55 - Key Levels and Analysis
Massive divergences on the larger timeframes.
This will likely make it’s way toward 67.55 and at that point I’ll probably be looking to start a small position and add if it goes lower…
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your due diligence.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
$SNAP Potential path - EWTSNAP earnings this week, will it continue to fly? I think it is destined to follow this channel as it makes its way to its primary wave 5 top. My next major PT here is 90 and I think earnings will be sending it in that direction. Any dip below minor wave 2 AVWAP has been a buy, so any dip below that should get bought with both hands.
Note: I dont like the bearish divergence seen on macd and rsi, but both appear to be coiling and could easily break out on earnings. Just something to be mindful of
Snap impending gapfillSnapchat poised to fill gap to the downside, earnings likely priced in would align w spy going down to 417
$SNAP Consolidation and push to $80+ next week or twoLooks like a very nice inverted H&S on the 30 minute. A consolidation pattern that will break next week. As long as NASDQ and tech are generally up next week, a good bet.
Short Snap PT is $71.00After Five rejections, It might actually break the channel to the downside.
With a choppy market this will be a great play.
WATCHING $SNAP for entry at 67.59 - Analysis & Key LevelsWATCHING $SNAP for entry at 67.59 - Analysis & Key Levels
This really is a target where to re-evaluate… There is a short support just under where we are now, and I’m watching but I feel like it will go lower than that... and snap has a history of being caught a little bit above the 180EMA
Red = Resistance
Green = Support
Blue = trend lines
180 EMA = Purple
I am not your financial advisor. Anything can happen… I’m just posting what I see… but the risk is on you if you decide to trade the setup with me.
I certainly don’t win them all so be mindful of your position sizes and do your due diligence. I’m happy to answer questions to the best of my ability.
SNAP Bounce or break downHey guys sorry for no video tonight. My computer wouldn't download the video for some reason. Hopefully tomorrow it will be fixed. In return, here's a quick SNAP play. Watch for a breakdown tomorrow and look to use the ORB.
SNAP make it or break itSNAP sitting at strong support,
There is a gap to fill to the downside, if support doesn't hold.
Waiting for a decision.
