$SNAP with a bearish outlook following its earnings #Stocks The PEAD projected a bearish outlook for $SNAP after a Negative over reaction following its earnings release placing the stock in drift C.
1SNAP trade ideas
SNAP 03/17 11Pcpi on this tuesday, bearish on this number. SNAP finally have a doji red bar on weekly chart
wait it bounce to 11-11.5 level to entry put, target 9.5-10.
The market bounce shows weakness after a long run.
META new high, PINS failed, BMBL failed.
The XLC sell off last week
SNAPBUYAn opportunity to buy Snapchat stock with a breach of the bearish flag and a good retest with a positive candle
SNAP - could be emerging from baseSNAP plunged 10.3% on 1st Feb after announcing yet another quarter of dismal results. However, what happened after that is interesting.
The stock began to recover steadily in the last 3 days on good volume, a stark contrast to the correction the general market was experiencing. This exhibits "hidden" strength / support for the stock.
There is a good chance it is going to test a critical neckline @ 12.94 in the coming days. Should it begin to break above this neckline and also the 200 day MA, then the odds are good then it has entered into a recovery phase.
Let's wait and see.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
$SNAP - Long Trade IdeaMore information to be provided in future comments. I want to post this before closing.
Average: $12.00
snap stock med term analysisas noticed on the chart snap stock break a resistance area with high volume candle, It will move the price to next resistance area
the gap should be close as well as illustrated on chart
SNAP shortNow I am bearish on SNAP:) IMO it can go down to $9.04 again.
Entry price is $11.00 and stop loss level is $11.67. Risk/reward is 2.93.
SNAP Snap Options Ahead Of Earnings | Who`s still using it?!If you haven`t bought puts with me here:
Then looking at the SNAP Snap options chain ahead of earnings , I would buy the $10.5 strike price Puts with
2023-2-3 expiration date for about
$0.84 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
SNAP strong bullish to expect
Hi viewers, SNAP technically watched here expecting strong bullish push in next periods
TP1:13
TP2:14
Snap Inc. (SNAP) ... More than Finger Excercise ??I am always intrigued with patterns (harmonic) within patterns.
Snap Inc. (Snap) fits that bill.
(1) The Original pattern is a Cypher, which began life around Dec, 20th 2022.
Target 1 has been met and I have marked Targets 2,3 and 4.
(2 ) Coincidentally this is may be the beginning of a larger bearish harmonic pattern, whose beginning I marked as last September.
The extent of Leg D is undetermined , but it has the potential of forming a harmonic Butterfly, Bat or Deep Crab
These objectives have also been marked.
(3 ) Not withstanding the above, recent price action appears a little extended and I have marked an Extended ABCD pattern
as a short term reversal point. This may cause a pull back to 1/3 to 1/2 of the recent rally. This area is also outlined.
(4) I have also marked the AC leg of this potential Butterfly/Bat/Deep Crab harmonic with an extended dotted line.
The fact that this was broken today is a good thing , although often price action through a trendline often requires a retest.
Of course everyone is waiting for the Fed's action tomorrow. So pay attention to broader markets, be nimble and cautious.
As always do your own due diligence.
I will update as necessary.
Good Luck
S.
Snap backHighly likely this was a contrived pullback
Bullish divergence
Would expect it to hit the top of the fork
GRI 2023
SNAP Short Options trading can be difficult in times of such market volatility. However fun stocks like SNAP that are not institutionally traded can tend to follow their own trend. SNAP is set to drop in price as every major trend I look at is screaming sell. This is a great put opportunity for a quick scalping. Indicators to look at:
Triple Confirm Bollinger Bands have initiated two sell signals based on price divergence and volume.
D+ issued a sell signal and you can just look at the past to see how accurate that indicator is. (There is a reason this script cost $$) This script issues buy and sell signals based on divergence.
Speaking of divergence, MACD also shows shrinking bullish divergence and would not be surprised to see growing bearish divergence.
RSI shows that the stock is overbought while the Kurotoga cloud shows that the price is sitting high above support with plenty of room to fall.
I am predicting a $0.75 to $1.00 drop in price for 1.31.23 based on the daily.
$SNAP ANALYSISAll that rallies aint gold
watch price for break at 8.9328 cause it myt just long there on
this year im not going in depth on explanations im just posting
all i can say is the formula for a functioning economy is not present
interest rates have influence on the stock markets companies
And remember kids you can make a million
Swing SNAPBuy 9 usd - sell 16,7 usd.
Profit 80%.
or pre covid - sell 14usd - Profit 40 %
R/R Ratio = 4,9
Risks = 7,4
Reward = 16,7
Managing non directional option trades : #snap Making money even when Im wrong, only in options world is that a thing.
Non directional trades try to capture premium from both bull and bear sides be on a range or sideways trend.
Here I discuss managing non directional trades as time passes and future price moves reveal themselves.
Eventually, this non directional trade became directional. But thats my choice and comfort based on risk reward of the current market.
We have to price risks and choose our exposure.
We dont control the market or outcomes. We control decisions and orders.
good luck have fun be safe!
Price squeezing...It can break up very hard at any moment. Is a very volatile stock and earnings are coming on 01/31. Highly risky but very attractive.
Watch Break Out on $SNAP 😲If Snap pushes past $9.80 (just 30 cents away), this is going to be a high yielding trade if you plan to hold the stock for 2-3 months. Price action must go up soon to confirm the idea.
bear flag approaching Apex target $7.50I see price action retracing and the AD has breached both the 9/18 ema which is bearish on the 4hr chart. I see a bear flag and a rising wedge. In fact we're rising into an Apex. My target is $7.5
SNAP short ideaSnapchat (SNAP) possible short play
JMP Securities downgraded the company to market perform from market outperform, citing declining time spent on Snap and increased competition from Reels and YouTube shorts. Trading down over 4% today.
Late last year Snapchat (SNAP) reported a large slowdown, blaming inflation for its slowest revenue growth since going public five years ago.
Technically price has formed a rising channel/flag pattern, looking for a breakout to the downside.
Tough One!This measures to be ABC/D and appears to also be a symmetrical triangle.
Stop under C.
Earnings 1-31 AMC and anything could happen.
This would seem to be risky unless one was in and out in a flash. I am guessing anything is risky today with reports on economy coming tomorrow.
But who knows?
4.82 is the ATL and 83.34 is the ATH.
“The function of economic forecasting is to make astrology look respectable.”
John Kenneth Galbraith
No recommendation.
Trade at your own risk.
EPS (FWD)
0.14
PE (FWD)
67.00
Div Rate (TTM)
-
Short Interest
6.83%
Market Cap
$15.20B
SNAP Potential for Bearish Drop| 5th January 2023Looking at the H4 chart, my overall bias for SNAP is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my sell entry at 9.24, where the 61.8% Fibonacci line is. Stop loss will be at 10.15, where the 78.2% Fibonacci line and recent high are. Take profit will be at 7.30, where the previous swing low is.
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Snapchat [SNAP] 2023 OutlookLooking at SNAP on the weekly time frame, I kept a basic chart with only one support & resistance zone as well as one indicator that is mine, the cycle bottom indicator. We can see in the 2019-2021 cycle that we created this move from $7.05, which is marked as the bottom level in the accumulation zone with $9.20 being the top level, where the price is currently trying to break out of.
I believe most of the storm of this price falling has passed us, and we’re about to enter a period of extended consolidation. Markets can’t move up down up down in a ping pong fashion, it needs time to consolidate. $7.05 - $9.20 is a prime accumulation zone for the longer term where we return to the mean around $23, marked as the bottom level of the resistance band seen on the chart.
Some key factoids about Snapchat:
319 million Daily Active Users (DAUs)
$1.3B Quarterly Revenue (3x from 2019)
Advertising accounts for 99% of Revenue
Going off solely the quarterly revenue and leaving the increase in DAUs out of the equation, the fair value of SNAP should be 3x higher than it is right now, and a return to mean from this price point would sit Snapchat comfortably around the bottom level of the resistance band, conveniently the same $23 level as marked out on the chart.
From here, we may see the start of the next cycle, or we may not. That’s forecasting with a crystal ball in a sense, however, I am expecting another cycle in the future, although I’m not sure how long this consolidation period will be.
Cathie Wood entered at $54.98.
Cheers traders!
As always please do your own research, I am not a financial advisor and this chart is for educational purposes only.
