$SNAP in and buy!It’s a previous bounce off the 100 day MA I love this play to hit $70 by 4/23. An April call here forsure. Good luck and trade safe
1SI trade ideas
SNAP 1HRBULLISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
SNAP 4HRBULLISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
Can SNAP reclaim this channel?$SNAP 2HR.... Watching for price to reclaim uptrend channel and a possible reversal to retest ATH, could see a possible move to 65 and if volume is low we could see a sell off and back to previous lows, possible double bottom at 51.38 under that strong demand near 48.20... if we break that I'm seeing an overall move to my wave c target at 43. Now if we see higher lows begin to form and we reclaim that channel I can see a retest to 73.18 and ATH breakout to 95. Perfect short and long opportunity for short term option traders, liquid option contracts and decent premiums.
Sell the rally, target $48.I think we are not out of the woods yet. We might see a relief rally to $60-62 then will resume the way down. next target could be around $48.
Please note:
- short selling is super risky. ( unlimited loss ), I prefer to buy put options.
- I'm just sharing my view. its not a recommendation for buying or selling.
Bearish Divergence with Weak CandleBearish Divergence with Weak Candle , its expected to see down trend.
overbought, target $58The stock is far away from the moving averages. time for some retracement. first target is around $58 and could go further to $52.
Please note: I'm just sharing my view. its not a recommendation for buying or selling.
Snap Bullish!Ascending Triangle, Falling Wedge, and etc. I have label all of my patterns and lines. Hope to see this go up soon!
SNAP, going down underIt is extremely weird to short a stock but channel resistance and price at the apex of rising wedge appeals a lot to me.
Two potential routes going forward for next 6 - 12 months, time is the only factor i cannot control
1. More pessimistic route is highlighted in blue showing ultimatum of best long price around 25 -30
2. More optimistic route is highlighted green that even this retracement could see price goes 40 - 50
in no time, news about why SNAP price drops will appear.
Chart always faster than Fundamental news, at least to me
SNAP is out of juice. Target: $50Ok, here me out, it might right out its tops a little longer, but boy is it expensive at this levels. With market fragility recently, this one is at risk of breaking.
Bearish Price Action Near Top of Ascending ChannelWe seem to be having significant bearish reactions every time we hit the top of the channel, It also looks like the RSI is struggling to make higher highs near overbought levels; Pair that with less than stellar earnings and you've got yourself a decent reason to enter a bearish position.
SNAP simple short!expiration of this Friday contract. now it is time to short. Fib retracement, Modified Fork, resistance line and logarithmic fib channel are obvious. we are at the end of impulse elliot wave of today.
It is actually more conservative target than aggressive. Put for next Friday expiration.
Solid performance in a bloody day!In one of the worst days market has experienced since March 2020, SNAP reached its all time high. Technically, this move could go further!
Potential gain:50-55%
Reward/Risk:3
Timeframe: 1-3 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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SNAP: might be time to snap back soon...quick idea:
SNAP has been on an amazing rally - however - I think the time has come for the fun to end. When looking for the most egregious examples of high valuation in the market might now, snap is definitely up there.
After counting waves several times I came to the conclusion that SNAP is like many other tickers on the market near in a fifth wave completion. It is also difficult to ignore the divergence on the MACD that has been building since late October (short term bear div on rsi as well). Divergence can go on for a long time but after five months, almost half a year, it's likely that a correction/significant retrace to previous support levels will happen.
There may be a pop after market open but my guess is a strong sell-off will begin this week.
$SNAP - small repeatable gainsThis is how I have been playing this stock:
Put in limit order for far less than the bottom of the spread.
For example, if bid is $5.50 and ask is $6.00, I put in limit at $4.80 or less.
If it fills, great, if not, no big deal
It filled for the $65 strike on 3 times over the past 2 weeks.
I set a limit sell right away to whatever the buy price + $3.00 and then adjust as the day goes on. This allowed me to book $603 in the last 2 weeks.
Small repeatable gains are working on this stock and on BEAM.
SNAP above highsSnapchat above 65.4 I expect bullish continuation. Once I see how open goes I will likely be entering calls.
Goodluck! Please like/share. Or drop a comment below and we can chat about it
