SNAP Fib Circle DumpSnapchat has produced some interesting price action.
It can be seen falling and acting *sticky* to the Fibonacci circle.
It just looks nice doesn't it?
1SNAP trade ideas
SNAP reaching the price targetIf you haven`t sold SNAP at $32:
Then you must know that tomorrow will be close to our price target of $16.
SNAP just warned that it expects Q2 revenue and EBITDA will fall below its previous low-end guidance from last month!
Looking forward to read your opinion about it.
almost the end of this bear run ?? or just a pullback- almost at 3 months demand zone
-i think most retailers would be stopped out, i guess 😅
-other stocks seeing the same thing happen
(ps: longterm)
letsgooooo!!!
just my opinion 🕺🏻
Snap to break lower? Snap
Short Term - We look to Sell a break of 26.32 (stop at 29.92)
Trades with a bearish descending triangle formation. We look to set shorts in early trade for a further test of the fragile looking support. The bias is still for lower levels and we look for any gains to be limited. The medium term bias remains bearish.
Our profit targets will be 18.18 and 16.10
Resistance: 40.00 / 50.00 / 60.00
Support: 27.00 / 20.00 / 15.00
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SNAP Is Going Up Next Month!NYSE:SNAP is going up next month, so whoever wants to invest in it or was waiting for the right time to buy, now it's the right time to do so. Invest with your eyes closed as the price will surely go up the next month, which supported more by the NASDAQ and S&P 500 bearish run end, and it might even break the trend pattern and the 0.236 Fibonacci resistance zone to go up even more.
SNAP is Bullish and Long!
SNAP
Wait for the price to break the level of 30.95
Find it at the levels
32.53
33.11
34.78
36.68
In the event that the price breaks the pattern shown below, I can take profits up to the level of 21.51
Snap kicks off social media earnings szn on a cautionary note, leaving investors looking for a filter to cover up a downbeat outlook.
Shares snapped up 6% in extended trading on Thursday, despite missing on both ends in a “challenging quarter”, reporting a LPS of $0.02 (vs the expected $0.01 in EPS) on revenues that grew 38% to hit $1.06bn. Snap’s daily active users (DAU) jumped 18% YoY to beat estimates at 332m, as rivals like Twitter and Facebook report declining users.
How’s its advertising biz holding up? Social media platforms saw declines in ad revenue thanks to Apple’s new privacy rules, but Snap created a new tool that’s now responsible for 90% of its direct ad revenue. But, now it’ll have to contend with things like war and inflation, leading customers to lower their advertising budgets.
Will Q2 end its streak though? Snap expects the current quarter to see revenue growth of up to 25% at the high end, missing expectations for 28%, though it beat estimates by forecasting DAUs of 344m. Analysts are still bullish despite growing macroeconomic headwinds, but let’s see how other social media platforms fare next week.
Source Trading View
SNAP ShortMy analysis points that the stock has shown the Descending triangle has been formed and the death cross has already occurred a few months ago. Depending on the earning coming up with the forecast "1.07B", we might see some wilderness.
According to my theories the price will fall and try two possible targets that I denoted in the chart. This idea is my own reference and if you to trade it, you do so at your own risk.
SNAP Earnings Today ! $26.50 Strike Price Puts loading On 2022-02-14, SNAP largest shareholder, PRICE T ROWE ASSOCIATES INC, reported the selling of 17,607,412 shares.
MORGAN STANLEY also sold 4,061,262 shares and BlackRock Inc. 519,482.
I am thinking to buy the 26.50 strike price puts expiring April 29 for $1.61 premium.
Looking forward to read your opinion about it.
$SNAP Key Levels, Analysis, & Targets $SNAP Key Levels, Analysis, & Targets
So both the weekly and the daily chart are signaling a move lower. It’s WILD to see how over-extended our market became with all of the free money floating around, and now to watch it contract back down…. I have my alerts set for the next two levels down.
There is a little bull gap there that might catch SNAP, but if not I’d be looking around 20
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
SNAP presenting a SELL OPPORTUNITYNYSE:SNAP is presenting an adequate sell level with a great potential .
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SNAP 2/21/2022SNAP
One of the Covid champions.
Since debuting in 2017, SNAP moved sideways and did a whole lot of nothing.
That was until covid hit.
Price started an uptrend June 2020 where it saw price climb from 19.00 to 79.00 by July. 2021
Price then started to move sideway between 70-79 during July thru 0ct. 2021
Then SNAP was dumped. Price gapped down to 55.00 Oct. 2021 and its been in a downtrend since.
A death cross of 50 and 200 ema occurred further confirming the bearish market.
Price continued to move lower until it reached 28.00
Currently, price has pulled back to 50 ema. Where in the past week we have seen an inverted hammer.
This current pullback is also to fib level 0.50. This is my cue to enter.
Entering trade short
Entry: 38.01
Stop loss: 42.43
Target: 28.44 – 25.14% RR ratio 2.15
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SNAP long term trend brokenDouble bottom and break of a trend line seems a like good time to LONG $SNAP. Can swing, day trade even leap.
SNAP double bottomLooking at the SNAP chart i can see a double bottom with a price target at the next resistance level, $49.
Looking forward to read your opinion about it.
Snapchat Accumulation SchematicThere are many possibilities that could happen here, but it does not matter what occurs since it will all be the same. we are still in a range but the directional bias that i assume is bullish, thus volume should increase on rallies and decrease on reactions. We will most likely see more bullish action after a major low or a ST has been tested.
30/3/2022 intraday trading30/3/2022
intraday trading
I am not a financial advisor
An artistic view that can be wrong or right
watching this one like a hawk! nice setup :) SNAP in consolidation faze at the moment, the big move should come soon! which way will it move though?
long trigger:37.38(price target 42.03/49.12)
short trigger:33.92(price target 27.77)
$SNAP - Failed Double Bottom?NYSE:SNAP
$SNAP appeared to be forming a double bottom, but failed to create higher highs during a very bullish 2 week run for the market. Price could not make higher highs for the month, and just eeked out a higher high on the week before failing.
For me, price needs to break $41 to consider going long.
Options flow has seen increased bearish flow.
Snapchat Market maker stepsSnapchat going long because : Snapchat Market maker steps clear as the sun
only for swing trader not for scalping :D
make ur self control and go long.
I recommend investing in snapchat.I recommend investing in snapchat company because its stock is rising dramatically in the coming months.
SNAP: Snap back to reality, whoop there goes gravityThe stock has been performing terribly since the Earnings Report of october last year as investors pulled out. It got too extended to the down side and bounced back to touch the 50 SMA and i believe this is a good entry (40.00) for a short down to 32.11 (20%) with a large stop of 48.00 (-20%)
SNAPAbove the yellow line, the targets are above in the chart below it. The target is below, and the most important thing is not to break the area below by closing a day candle
