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SNAP trade ideas

$SNAP Snap stock plunged Friday after the social-networking firm posted disappointing revenue growth and guidance that fell shy of estimates on Thursday. The parent of Snapchat said its advertising revenue was hurt more than expected by Apple ‘s change in the rules surrounding advertising on mobile apps.  The miss weighed heavy on shares of other major social-media companies. Snap (ticker: SNAP) stock was down 25% in Friday trading. Facebook (FB) was down 6% on the news, while Twitter (TWTR) was off 5%, Pinterest (PINS) had fallen 4.4%, and Alphabet (GOOGL) had slipped 3.4%. Snap is the first of the companies to report September quarter results. For the third quarter, Snap posted revenue of $1.067 billion, up 57% from a year ago, and below the company’s guidance range of $1.07 billion to $1.085 billion. Adjusted Ebitda, or earnings before interest, taxes, depreciation, and amortization, was $174 million, well above its guidance range of $110 million to $120 million. On a non-GAAP basis, the company earned 17 cents a share in the quarter, beating the Street consensus of 8 cents a share. The company said it grew daily average users in the quarter by more than 20% to 306 million.
NYSE:SNAPLong
by TheBlankFund
SNAP: Post-Earnings Analysis!Hello traders and investors! Let’s see how SNAP is doing today! SNAP is dropping more than 25% the moment I write this analysis, and it seems nothing can save it. However, even in the most stressful moments, we can use technical analysis to understand the situation. Not by coincidence, SNAP dropped to the $ 57 area, which was a previous support on July this year. This is good, because SNAP didn’t drop to a random point, but the problem is that we don’t see any reaction. There’s not a single bullish structure around, and this is the first thing required in order for it to reverse. We don’t see any bullish chart pattern in the 1h chart, and it is too soon to talk about candlestick patterns in the daily chart. If we see a bullish reaction, it could be amazing, as the risk/reward ratio is looking good for those who are out of SNAP and want to buy it at the cheapest price possible. However, there’s no way we can buy without confirmation. As Livermore would say: “Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.” As far as we know, it could drop all the way to $ 49.90 again, and that would be great. Nevertheless, as someone who’s out of SNAP, I see this as a possible buy. Do you think a drop of 25% is fair, or the market overreacted? Either way, I don’t think this is a sell. The risk/reward ratio makes no sense. If I were shorting it, I would probably buy it back today, and take advantage of this movement. Before you leave, remember to support this idea if you liked it, and follow me to keep in touch with my daily studies. Have a good weekend!
NYSE:SNAP
by Nathan_The_Finance_Hydra
10
Bad Gap Down Candle So FarUnhealthy candle for the gap down so far. This could change by market close but at this moment there is a long top wick with no bottom shadow/tail which will form eventually indicating price will go down some more perhaps. This is below bottom band set on an 80 SMA. It will eventually return to the bands. Watch out for breaks up though. Bear flags and dead cat bounces may get you (o: OUCH! Bad day for SNAP and other social media stocks. May catch support at bottom trendline of prior symmetrical triangle. Has violated top trendline of that triangle. Perhaps will get some support at 47.90ish No recommendation. SNAP is oversold after the drop. Securities can stay oversold for a while, especially if there is a lot of supply at that level.
NYSE:SNAP
by lauralea
WATCHING $SNAP for 67.55 - Key Levels and AnalysisWATCHING $SNAP for 67.55 - Key Levels and Analysis Massive divergences on the larger timeframes. This will likely make it’s way toward 67.55 and at that point I’ll probably be looking to start a small position and add if it goes lower… —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your due diligence. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. Have fun, y’all!!
NYSE:SNAPShort
by SPYder_QQQueen_Trading
2
$SNAP Potential path - EWTSNAP earnings this week, will it continue to fly? I think it is destined to follow this channel as it makes its way to its primary wave 5 top. My next major PT here is 90 and I think earnings will be sending it in that direction. Any dip below minor wave 2 AVWAP has been a buy, so any dip below that should get bought with both hands. Note: I dont like the bearish divergence seen on macd and rsi, but both appear to be coiling and could easily break out on earnings. Just something to be mindful of
NYSE:SNAP
by btwice53190
WATCHING $SNAP for entry at 67.59 - Analysis & Key LevelsWATCHING $SNAP for entry at 67.59 - Analysis & Key Levels This really is a target where to re-evaluate… There is a short support just under where we are now, and I’m watching but I feel like it will go lower than that... and snap has a history of being caught a little bit above the 180EMA Red = Resistance Green = Support Blue = trend lines 180 EMA = Purple I am not your financial advisor. Anything can happen… I’m just posting what I see… but the risk is on you if you decide to trade the setup with me. I certainly don’t win them all so be mindful of your position sizes and do your due diligence. I’m happy to answer questions to the best of my ability.
NYSE:SNAP
by SPYder_QQQueen_Trading