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Snap Inc.

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SNAP trade ideas

$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!
NYSE:SNAP
by tony_dav_
2
$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.
NYSE:SNAPLong
by FriscoTrades
2
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!!
NYSE:SNAPLong
by lexcel
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.
NYSE:SNAPLong
by MrMercato
1