SNAP longSNAP beat earnings, but had lower revenue and poor Q4 forecasts. Still, the bear move seems way low volume and all selling has been shallow since then. This is a buy imo. Supp at $54
Read here about earnings: finance.yahoo.com
1SNAP trade ideas
💲 SNAP hitting big support zones💲we are hitting a very big trendline support + blue zone support and RSI support!
I can count around 7 clear bounces off these support zones, chances are this will be the 8th!
stop loss 52 - price targets 62.2/69.4
SNAP LongUp Trendline touch
Entry 56
Stop 52
Target 70
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
OH $SNAP Baby!!!-Snap has been taking some serious hits but investors see this as an opportunity to buy in while its low bc they realize that snap has a short term problem that can be dealt with
-While many companies face labor shortages and supply-chain issues, pressuring the short-term marketing efforts, it is necessary to reflect on why Snap is so susceptible to these changes.
-Not too much info on how low she's gonna go but when she does bounce she'll bounce hard.
$SNAP Snap stock plunged Friday after the social-networking firm posted disappointing revenue growth and guidance that fell shy of estimates on Thursday.
The parent of Snapchat said its advertising revenue was hurt more than expected by Apple ‘s change in the rules surrounding advertising on mobile apps.
The miss weighed heavy on shares of other major social-media companies.
Snap (ticker: SNAP) stock was down 25% in Friday trading. Facebook (FB) was down 6% on the news, while Twitter (TWTR) was off 5%, Pinterest (PINS) had fallen 4.4%, and Alphabet (GOOGL) had slipped 3.4%. Snap is the first of the companies to report September quarter results.
For the third quarter, Snap posted revenue of $1.067 billion, up 57% from a year ago, and below the company’s guidance range of $1.07 billion to $1.085 billion. Adjusted Ebitda, or earnings before interest, taxes, depreciation, and amortization, was $174 million, well above its guidance range of $110 million to $120 million. On a non-GAAP basis, the company earned 17 cents a share in the quarter, beating the Street consensus of 8 cents a share.
The company said it grew daily average users in the quarter by more than 20% to 306 million.
Snapchat? More like "Gapchat"Overnight gaps, it's a double-edged sword.
No surprise here unless you're viewing it using a line chart.
Won't re-enter this trade just yet, but will keep it on my watchlist.
SNAP, Gap fill play, Price Target $70SNAP, this has a gap fill to $73. Needs to enter $63 to play out this gap fill. SNAP is currently at $55, long-term price target = $70
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.
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…
——————
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
