$SNAP winding tight going into earnings.NYSE:SNAP is getting wound tight going into earnings.
The current price is sitting just above swing low anchored VWAP. Price is also at a convergence of 20/50/200 SMAs.
04/28 Expiry IV is 119.20% with +/- 1.83, meaning the options are priced for a move as high as $12.60, or as low as $8.
1SNAP trade ideas
Applying Warren Buffett and Peter Lynch valuations : SNAP stockWhen I was new, I traded just the picture of prices.
Later after living through a full cycles, I learned stocks were actually businesses.
Business sell stuff to customers and generate revenue each year.
Businesses have cash flows and earnings.
Thats why when we look book 10 to 20 years, most businesses are more valuable today then back then.
Valuation looks at what things are worth today and also looks at future potential.
Financial math is discounting the the future growth to make sure you get the best deal you can.
Valuation keeps you grounded.
You can still day trade, swing trade, and option trade all you want. Valuation just helps you know the true value inside the business so you avoid some losers and pick more winners.
Cheers and good luck on your journey!
#snap #warrenbuffett #peterlynch
SNAP Bullish Swing TradeSnapChat broke above downward channel/wedge, after staircasing up from very bottom support of channel, Signaling Bullish trend for at least the next week. Resistance level is 50 cent move. AKA One strike price move into the money, Time Decay on "in the money" calls have less than 2$ a day risk
Bullish, 550% Possible Upside.On the daily chart we have a lot of bullish potential.
First we have a messy looking inverted head and shoulder pattern. The right shoulder looks like a possible Symmetrical Triangle that just completed its 5th touch and could be ready to blast off.
Also, there is a Golden Cross that happened yesterday.
There are also 3 gaps to fill.
First Gap at $15.50,
Second Gap at $21.70
Third Gap at $70.00
And finally we have broken out of the year and a half long Trend line bullishly, and even backtested it.
If this can break $16.00 that could be a strong signal that this thing is going to fly!
-Not Trading or Financial Advice-
SNAP: What's Bad for TikTok is Good for SnapchatAfter the TikTok appearance in Congress I do not think the current administration will have the political capital to do anything but ban TikTok. The proposed deal to have TikTok sold from it's Chinese owner seems unlikely after Beijing declined it and also after the CEO got grilled in Congress and did not offer any answers to ease politicians concern the the CCP can manipulate the content on the app. I expect TikTok to be banned in the US. Snapchat stock has been consolidating around the $10 level for almost a year now. I think a TikTok ban will benefit SNAP big time and be the tailwind it needs to break out.
SNAP SELLHello . There is a possibility that Snapchat shares will drop. Once the price reached a strong resistance 12.25. The market bounced last time. And a very negative candle in the four-hour frame: Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Snap Tried to Rally But it Didn’t Last LongSnap has been rallying as lawmakers move against TikTok, but traders may be selling the news.
Today we’ll consider the daily chart of the social-media company, which has struggled since growth names hit the wall over a year ago.
The first pattern is the jump above $12.50 on Tuesday, fueled by the news from Capitol Hill. SNAP failed to hold those gains, resulting in false breakout above the February high.
Next is the 200-day simple moving average (SMA). Prices remained below this long-term trend indicator during the entire decline that began in October 2021. This week’s rally was its first test of the 200-day SMA, which may trigger some alerts for trend followers.
Third, the stock gapped lower following its last two quarterly reports.
Finally, stochastics may be peaking near overbought territory.
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SNAP daily, it's showtime!SNAP has had a nice pullback after earnings, and now it is low basing on the 50-day MA and at the 0.618 FIB retracement and $10 even dollar amount, which acts as a magnet line. It is unbelievable how these areas of support or resistance are valid if we draw or mark them correctly. SNAP will have to decide if this is a bull pullback or if, after a low base breakdown, we will see new lows.
Volume is falling with consolidation, which is a good sign for the possibility of a bull pullback.
The price is below all major MA, which is bearish.
RSI has cooled down after an extreme and is now neutral.
MACD is ticking lower while both the MACD line and signal line are at the zero areas, or the "to be or not to be" area. If it drops below the zero line, then we can't watch for a bull pullback anymore.
Overall: SNAP is in a dangerous area for bulls. It is low basing at a major support line. If it breaks down from the low base formation and breaks below the blue dotted line, a short position would be triggered. The first area of support after that breaking low base would be the trend line, the blue dotted line, and if that would not hold, support would be the lows from 2022, the blue area of support.
However, if SNAP finds its buyers and we start to move up on strong volume, this would be the perfect area for a bull pullback to be triggered. But remember, a bull pullback can only be triggered if it does not drop below the 0.618 FIB retracement area, meaning the price cannot drop more for us to call this a bull pullback.
I can't buy this stock, even though it would be quite interesting after a 90 percent drop. A set of rules is a set of rules, even if the picture is technically frenetic. However, the results calculated by Optistock and Gurufocus sites are weak. The currently monitored return on investment (ROE) is also disgraceful, even though the only expectation here is that it should show a plus figure, for which I see -45.8%.
$SNAP: Weekly trend reversal?Interestingly, $SNAP is going for a 2nd attempt at a long term trend reversal here, worth noting. If it holds over $9.85 we could get a substantial rally out of this one. It is interesting because market participants are seeing $SNAP as a kind of reflection of the economy, and as a leading indicator for $META and $GOOGL.
Let's keep an eye on this one, I'm not in the trade in this case but following it for analysis purposes.
Cheers,
Ivan Labrie.
using ARKK as an indicator to carcass pick stocks $snap $arkk If and when stocks finish the bear market, there will be deals at fair prices. snap is a good example of a once over valued and over exuberant stock whos earning guidance and result kept coming down after peak 2021. If arkk and the rest of the growth stocks keep trending lower as we may or may not be already in recession, I'm checking my favorites list to see what value Id be happy to grab deals. Happy hunting.