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SNAP - CLASSE ASNAP - CLASSE ASNAP - CLASSE A

SNAP - CLASSE A

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1SNAP trade ideas

SNAP PredictionSince the election is less than a week away & uncertainty continues to grow due to COVID, I believe SNAP will have no choice but to pullback & fill the gap from earnings last week. Not only is it extremely overvalued, but I don't see it as a good hedge against a possible market correction in the near-term future. The only thing holding it between this 40-42 level, in my opinion, is the overconfidence of investors in the social media sector, however, volume has been steadily decreasing this past week. Another possible reason it's been holding up against a bearish market could be some form of manipulation, but I'm not sure. Heavy open interest with Oct. 30 call & put options is sitting between this key level as well, so that could be a reason for manipulation to eat away at premiums, but of course this is just me speculating. Other than lowered volume, major overextension on the RSI, crossing below VWAP, crossing below EMA20 this morning, & no actual support anywhere near the current valuation, I don't see any technicals pointing toward it becoming bullish. Let me know your thoughts.
NYSE:SNAPShort
by r1chAl
7
What goes up, must come down - SNAPSnap had the most epic run up last week surpassing 40%. They reported an increase of 18% in active users from a year ago and a 12% decrease in net losses. While all fun it is now time time to scale out because of the earning reports this week. Social media giants including Facebook, Twitter and Pinterest are all anticipating a growth in active user engagement thanks to worldwide lockdowns. Snap stayed focused even when instagram stories was released. I am impressed with its evolving media platform and excited to see what Evan Spiegel will release next.
NYSE:SNAP
by JustinLev
4
BUY !!! We are facing another Wall-St manipulation on Snapchat. BTIG analyst Rich Greenfield downgraded Snap - price target $5 so the big boys can load up and steal million cheap shares . Remember when BTIG was downgraded FB in the past , and later they came out said : ''not having a buy on Facebook has clearly been a mistake in 2017 and we are simply not going to allow that mistake continue'' I am very confident on Snap. Snap has unique futures than any other social media app in the market . Dont sell your shares if you are long on Snap. ''Opinions are my own , trade at your own risk''
NYSE:SNAPLong
by Wisenasdaq
5