upside potential is big hereover 41.75-42 we will see big impulse buying back to 45 or even higher. we made 100% off this one in chat last week, the quest is will we hit a lick back to back? lets see! gl :)
1SI trade ideas
SNAP- The StratHave been experimenting with trend lines off of prior day's 4 hours highs/lows. They have made me more patient and slow to enter.
Feels good to get a win on SNAP. It's crushed me in the past.
SNAPTICKER : SNAP
DATE : 17/11/2020
PRICE : $39,27
TRANSACTION : $225 437 917,00
AVERAGE TRANSACTION : $5 988 725,50
MAX : $228 833 292,00
% OF MAX : 98,52%
DIFFERENCE FROM AVERAGE : 3764,37%
analyzingSnapchat, in case of breaking the midline of the rising channel and staying below the sub-trend that was drawn with the yellow line, it gives a high probability of falling and heading towards the green area
SNAP about to make a big move down.Here is my humble opinion on SNAP. I think we have been in a range for a long time and have created enough power to make a big move out of the range. We are going toward the bottom of the range and it is supported by a descending triangle patter. Plus, we have the 20 EMA as a resistance and the EMA has caught up with the price. We have a 4H demand zone around 35 and 28 and neither one are tested yet, so I expect a pull back from those areas.
Snap Tea Party 10/30After reaching all time highs, Snap is due for a slight retracement, forming a Cup, those who got Tickets grab onto those Handles and Cheers!! *As always dress to impress! and be fashionably late!:) Snap it like its' Hot!!
SNAP H&S Forming?I'm still bearish on SNAP after the exaggerated move at earnings. There seems to be a head and shoulders pattern forming, and it will be confirmed once the neckline is broken at around $38.52.
However, the Stoch RSI seems to be bottoming, so we may see a move up. Perhaps this isn't a H&S, but rather a bull flag.
This is not financial advice. Be aware of your own risks. I am not responsible for your gains or losses.
Snap toward the gapWaiting to add more to my long position when snap touches the gap area. MACD and two red candles are showing bearish sentiment for the short-term but it's holding 20MA also which is only bullish sign. Potential target could be 43-44
$SNAP Bounce off 20MA$Snap bouncing off the 20MA here while the tech stocks take a beating due to rotation out of sector. This could be a buy here.
SNAP - $55 Next WeekSNAP in price discovery mode, will break slant resistance and rush to the moon figure.
Expected target by Friday: $55.
SNAP bull flag breaking outNYSE:SNAP breaking out here. A close above the upper trend line with above average volume is confirmation.
Target $50. SL would be the trend line
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SNAP reaching a parallel channel resistance Hello friends,
Snap is almost reaching parallel channel resistance around 46.50 - 47.50 , good area to take profit and wait for a breakout.
SNAP bull flag breakout after a Power Earnings Gap-Power Earnings Gap
-Huge volume on the right side
-Quiet volume as it pulls back + consolidates (just needs a little push of demand)
-Beat earnings - triple digit earnings, double digit sales
Setup Grade: 'A' Tier
Daily evolution of Snapchat
At the moment Snapchat is on a good uptrend, keep the buy position and sell it only when it breaks the yellow line
Daily evolution of NetflixAt the moment Netflix is on a good uptrend, keep the buy position and sell it only when it breaks the yellow line
Nice Setup for SNAP: LongAccumulation at this level and up-trending EMA & AVWAP.
Once break up, may fly.
Bullish FlagSnap seems to have bullish flag on the daily chart. Will look into buying in into snap. Volume is decreasing as the flag continues.
