SNAP trade ideas
Snap got that broadening top structureI am short term bullisn on the weekly for SNAP. Hidden bullish divergence on both the macd and rsi. We might not see a breakout, but we could see a move towards the resistance.
$SNAP gap down after earnings playI think we all saw the news:
Snap reported upbeat earnings for its third quarter, while sales missed expectations.
The company also issued Q4 sales guidance below estimates. This was related to how Apple's data privacy changes make it harder for digital advertising to perform as they have been. we saw Google and FB have dips as well.
Since the $SNAP drop is so extreme there is opportunities to play on the Long and Short side at key levels. I'll be looking to scale into a trade on either side at the support and resistance levels outlined int he chart.
Long : If prices recovery quickly on Monday, I expect a sell off for the rest of the week as investors get a second chance of exiting the trade before anymore bad news.
Short : If we sell off even more on Monday, then I will be buy-buy-buying at each support level marked. I think $SNAP has potential to be a great day and swing trade this week.
Have a great Monday!
Snap looks good for a run ! snap is always fun at these levels and seems to run past $57 would look for some pre market action tmrw, the stock is over sold besides that in an economy that's picky and choosy on investments.
$SNAP a good buyTic shared 52-53 as a level.
Found weekly support at this level that hasn't been touched before(fresh)
Will probably buy shares here and sit OR sell put spread to soak up premium rather than calls.
SnapChat Go Trade: Long.
Ticker: #SNAP.
Why: Near to chaos Line.
Chaos Margin: 11%.
Stop Lost: 51.02
Enter Price: market price up to 53.10
Target: 62$
mind the gap on SNAPWhat do you think? Is our friend Phil D. Gap coming to town to make up for this nasty SNAP slide? Yet another left for dead disgusting long that might reflect some upside potential. I know everyone's a little bearish and especially given a day like today, tech doesn't look as hot, but are we going down or up here?
Buy SnapIts cheap right now considering it reached $76 before the earnings came out. Apple advertising changes did affect Snap. It affected a lot of social media apps. However, the platform is continuously improving, and attracting new users. They have plenty of room for growth and innovation. In the long term, this stock is a buy.
SNAP- Break out Symmetric triangle
SNAP - Bullish reversal -Chart pattern
MACD - Curling
STOCK RSI : Moving up.
All stars are aligned.
SNAPI really like this ticker
Its so smooth always
The WAE is coming down to turn up green
Rsi is on lows from earnings
Its on sale from the earnings, $SNAP at these levels is exciting to me.
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$SNAP Weekly buyers need to step in here...I think they willSnap recently loss the 50EMA on the weekly but is trading at two important support points - Upward trend line and volume shelf support.
Watch for possible more downside to $50 zone, were I would want to see buyers defend here and push back to $60 zone target.
I'm in DEC $60 calls down -20% will exit the position with a close below $50 this week. I like the decrease in volume as sellers seem to be exhausted at this point.
$SNAP with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $SNAP after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
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SNAP is where you need it be $SNAP price fell about 35% last week over earnings report. However this is just one more occasion the market is overreacting.
Technical: We seeing support at $52 mark with a liquidity range just below at $48.5. This give a potential right-angled broadening formation. Typically this type of patterns have a 68% strike performance.
The purple and green lines are the possible path the market/price could move/ take.
Action: Buy first lot at $52.4. if the market is gracious enough to give 48.5 .. buy a second lot
your first TP should be anywhere the price touches the red trendline (60.4- 63.6)
Goodluck!!
SNAP SWING IDEA$SNAP
Missed revenue expectation but still growth QTR over QTR. Price is now consolidating at potential supply zone.
Support: $48/$50/$52
Resistance: $55/$57/$60
- Want to see price above 8EMA
- Holding support at $52, watch for volume/options flow
PT: $60 (Stop under $48)
New CommentWe can say that it will down in the coming days, but it cannot be denied that the content in this analysis is
subject to change at any time without notice and is provided for the sole purpose of assisting the
trader in making an independent investment decision. NYSE:SNAP
oversold, possible reboundSnap, Inc. engages in the operation of its camera platform. Its products include Snapchat, using the camera and editing tools to take and share Snaps, Friends Page, which lets users create and use Stories, Groups, Video and Chat, Discover for searching and surfacing relevant Stories, Snap Map, which shows friends, Stories and Snaps near the user, Memories, for saving personal collections, and Spectacles, wearable sunglasses capable of taking Snaps and interacting directly with the Snapchat application. The firm's primary source of revenue is advertising. The company was founded by Frank Reginald Brown IV, Evan Thomas Spiegel, and Robert C. Murphy in 2010 and is headquartered in Santa Monica, CA.
Love itI am really loving this set up on Snap. More than that FB set up I posted earlier. I am seeing more consolidation for at least end of the week but i am sure this will be one you to keep your eyes on. my first PT is highlighted in purple just above the break out of the wedge here is where i sell 60% of my position and let the rest ride up toward my final PT just around the Ichimoku cloud.
Snap Descending triangle A fall out of this Descending triangle in the next 2 days should be expected. The fall to 47$ support would be the target area.. Enter on the break down of triangle support. I applied a ghost feed to illustrate
SWING TRADE SNAP
This fkin shit is starting to move, it has touched the average of 200 periods.
First target 60, next target close the gap, good bullish movement is coming, the stock market needs to hold.
SNAP Inside Bar PlayRSI on daily shows below 33. Current level is just above demand zone.
51 Puts > 52.25
55 Calls <53.43
