SNAP trade ideas
Breaking out of consolidation ahead of investor dayNice consolidation we've had for the past week. Looking for upside action headed into investor day next week.
Looking to retest all time highs and blue skies from there!
$SNAP$SNAP ran after Earning and started to trade sideways, losing momentum and strength. It tries to break out the time high of $65.42 but failed after several days of attempt. This is a critical point where the price is at the middle Bollinger and oversold. If there's the volume, it could see a $65 range or even break out to a new high. I am looking at the 4H chart (swing trade), and I like that the Doji candle is followed by a green candle with a higher opening (Bull). The other scenario is if this fails below $60, then it will touch support at $55 and $51. It moves +/- $4.00.
Snap Short?Snap looks like it has a lot of gap to fill downwards. That is if it doesn't break out of the trend. Just an idea, new to this haha. Volume also looks like it's slowing down.
$SNAP with a bearish outlook following its earnings #BeststocksThe PEAD projected a bearish outlook for $SNAP after a negative over reaction following its earnings release placing the stock in drift C
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up with volume Snap is up with volume!
entry price is 64.5.
stop price is 61.48.
the target price is 10 percent above current price.
$SNAP - Looking Strong and Long$SNAP - Looking Strong and Long and the trend should continue.
This week we saw some good breakout volume based on earnings and forward guidance.
Also... it always helps when Cathy from ARK makes a purchase.
I'll be looking to add to my position on any pull backs this week.
SNAP, Breakout But ...NYSE:SNAP has breakout today. Next resistance could be around 62-64. But it has earning report on 4th AH. So play if long on this.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
SNAPchat March 19th call @60 strike so i killed all my snap calls
my game plane now??
i bought a long out date and more in the money so if it holds hear it will be promising.
my opinion, do your research
Snap Chat production :)) i feel like they will kill earning report and stock will see some gainz in my opinion :))
lets see for the best :)
Snapchat ST (Feb 4th 2021)Snapchat (SNAP) (February 4th 2021 through March 2021)
Low: $59
High: $76
2020 Q4 reports announced after market close today.
My basic speculations/expectations are as follows:
Positive year-ahead guidance.
I estimate EPS could land in the +$0.05 to $0.10 range, or at the very least out perform the -$0.07 analyst expectations.
Trading may close positive both today and tomorrow if today's report is announced positive.
Just keeping this chart simple and seeing if the next notch on my fibonacci setup can be achieved. Could be wrong.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Danger! EarningsI am doing this analysis as a request. Enjoy.
With earnings 3 days away, technicals mean absolutely nothing. Or do they?
If earnings were not in 3 days, and based these technicals I would short the stock as there is bearish divergence and weakening bullish divergence on the MACD.
A sell signal is also initiated by D+
But with a high RSI of 70.15, it can go even higher after earnings.
I personally believe Snapchat will do well this quarter as their platform is still growing, and being used now more than ever due to the pandemic. Personally I would not be afraid to hold a call through earnings, or not be afraid to hold my position through earnings.
Everyones level of risk is different so make your best judgement & and good luck to the SNAP bulls out there!
*DISCLAIMER* I do not recommend making trades based off of what I would do as I balance my risk/reward ratio, and trade options with money I am willing to loose. Losses happen and nobody can predict the future 100% of the time.
Snapchat earnings run upMost recent channel since their last earnings where they gapped up into the 30$ range.
Nasdaq had a rough week but channel bottom held so that's where our support will be (50$range). Been awhile since I've played earnings but I'll give this a shot. double bottom breakout is yellow line. targets are green line..
technicals look good but earnings are always a risk
