SNAP trade ideas
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
SNAP ATH retest soonSNAP has formed a nice wedge and is getting ready to breakout of it. The fib arcs show a breakout is imminent as well. There were large flows for leaps a couple days ago at this level for SNAP. FB also has earnings tomorrow, so the ER runup can give a sympathy pump to SNAP as well.
with facebook earnings on deck looks bullish With facebook earnings on deck looks like this is trying to hit the all time high.
let see it
SNAP reversal zonePlaying calls here. Looks like it could possibly dip a little more but I expect a bounce. Good to swing too.
Looks like $70 Coming soon After the first Break away GAP looks like its waiting for Runaway GAP .....
Waiting for 70$ now
Shorting Snap AgainMade a 250% profit last time I shorted Snap and here is why I am shorting it again.
5 sell signals on the 3x confirm!
High Bearish divergence as indicated by D+
Weakening bullish strength as indicated by MACD.
RSI has shown the stock has been overbought for quite some time.
SNAP swing trade longSnap bouncing off support level - Candles crossing over TEMA 30 - looking for first PT of 51.3 - then should fly up to 55 shortly after if we break through.
SNAP good dip entryAfter last weeks selloff, SNAP is a good dip entry imo. I picked up $50 Straddle 1/22 expiry on Friday before market close so I'm positioned to separate the call and put side today / this week, according to price action. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Big organized desk
Reading books, playing chess
Sorted watch-list
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Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
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