SNAP trade ideas
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.
An Apple a Day keeps Ad misuse away!I apologize in advance for the corny title, I thought about it and had to get it out XD
Case in point, I know there’s a lot of long interest in Snapchat and I’ve never managed to a a catch a good entry.
So.. to all my SNAP bulls, what levels are you looking at? TA and FA ideas welcome
Have a cracker of a day,
Vish
SNAP broke down from trading range Earnings send SNAP down.
I was still long on this in late July.
Not looking so bright at least now from a technical perspective for SNAP.
However, fundamentally I think this stock has a relatively bright future ahead.
Problems arise with valuation multiples, if SNAP does not start delivery of large profits soon, market value can decrease drastically.
Yours,
Henrythemaestro
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!!
$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
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.