Snap longLong position Snap:
Overall up-trend
After technical rebound from NDX, Snap broke through 38 and 20 moving average. Finally bounced of from 50 SMA.
Supports around 56 $, 51 $ and 48 $
Resistance at 64 $
SNAP trade ideas
Long SNAP as NASDAQ recoversStock has declined in lower volume. Great volume on big up days Feb 5 & Feb 24. It shows the sign of just having come down along with all tech.
Mutual fund ownership increased 19% from the previous quarter.
Great EPS an Revenue growth last two quarters.
Long @ 58.79, average of two buys during the day @ 58.43 & 59.16.
Looking at TWTR another strong stock in the same group.
SNAP Bounce Back?Snap shares fell down into an important buy zone recently, which means a bounce is likely. It is possible they fall down more to support at $48, but I think it will just build back up from here. Like and follow for more like this. Comment your thoughts and good luck!
$SNAP in and buy!It’s a previous bounce off the 100 day MA I love this play to hit $70 by 4/23. An April call here forsure. Good luck and trade safe
SNAP 1HRBULLISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
SNAP 4HRBULLISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
Can SNAP reclaim this channel?$SNAP 2HR.... Watching for price to reclaim uptrend channel and a possible reversal to retest ATH, could see a possible move to 65 and if volume is low we could see a sell off and back to previous lows, possible double bottom at 51.38 under that strong demand near 48.20... if we break that I'm seeing an overall move to my wave c target at 43. Now if we see higher lows begin to form and we reclaim that channel I can see a retest to 73.18 and ATH breakout to 95. Perfect short and long opportunity for short term option traders, liquid option contracts and decent premiums.
Sell the rally, target $48.I think we are not out of the woods yet. We might see a relief rally to $60-62 then will resume the way down. next target could be around $48.
Please note:
- short selling is super risky. ( unlimited loss ), I prefer to buy put options.
- I'm just sharing my view. its not a recommendation for buying or selling.
Bearish Divergence with Weak CandleBearish Divergence with Weak Candle , its expected to see down trend.
overbought, target $58The stock is far away from the moving averages. time for some retracement. first target is around $58 and could go further to $52.
Please note: I'm just sharing my view. its not a recommendation for buying or selling.
Snap Bullish!Ascending Triangle, Falling Wedge, and etc. I have label all of my patterns and lines. Hope to see this go up soon!
SNAP, going down underIt is extremely weird to short a stock but channel resistance and price at the apex of rising wedge appeals a lot to me.
Two potential routes going forward for next 6 - 12 months, time is the only factor i cannot control
1. More pessimistic route is highlighted in blue showing ultimatum of best long price around 25 -30
2. More optimistic route is highlighted green that even this retracement could see price goes 40 - 50
in no time, news about why SNAP price drops will appear.
Chart always faster than Fundamental news, at least to me
SNAP is out of juice. Target: $50Ok, here me out, it might right out its tops a little longer, but boy is it expensive at this levels. With market fragility recently, this one is at risk of breaking.
Bearish Price Action Near Top of Ascending ChannelWe seem to be having significant bearish reactions every time we hit the top of the channel, It also looks like the RSI is struggling to make higher highs near overbought levels; Pair that with less than stellar earnings and you've got yourself a decent reason to enter a bearish position.
SNAP simple short!expiration of this Friday contract. now it is time to short. Fib retracement, Modified Fork, resistance line and logarithmic fib channel are obvious. we are at the end of impulse elliot wave of today.
It is actually more conservative target than aggressive. Put for next Friday expiration.
