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Snap Inc.

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SNAP trade ideas

$SNAP $40.00 Target within days. What a blow out quarter from SNAP, with a 24% jump in the after hours trading, which has now found some Fibonacci resistance and the RSI at 88. Our trade is closed but see much higher levels for the stock, a measured Bull Flag breakout takes us to $40.00 where Fibonacci resistance also sits. Longer term a measured breakout targets from the 3 year bass takes us to $54.00. Lets see if the stock catches the eyes of speculator's and day traders today, for a quick trade. Please see our previous posts on SNAP,
NYSE:SNAPLong
by Bullishcharts
SNAPchat... this is madnessFor a company that never had a profit, actually with increasing losses with time, SNAP has really gained a lot of stock uplift the past year. More than doubling in "value". Frankly, Snapchat is quite a nice app, nice to use some funny filters for a few minutes once in a while. But their revenue scheme needs an overhaul. If in their previous quarterly reports they even had quite a bit of help from the pandemic situation in the world, and they still couldn't post a profit. This time I think that it may become a bit ugly for them. I can't say for sure what makes it rise, when all the numbers show otherwise. Either there are some very rich guys out there playing some sort of short squeeze, or millions of young investors see it as a good opportunity. Unfortunately, my opinion of it, with their current revenue scheme, is that it is a bit useless. Therefore today I opened a small short position pre-earnings. Maybe I'm right, maybe I'm wrong. I just wanted to share my thoughts with other people who possibly know better than me and who would like to share me theirs.
NYSE:SNAPShort
by TrinityAlex
7
$SNAP Bullish Into earnings . Potential long into earnings , in this hyper bullish name, while FB is stuck in the mud and the relentless attacks on Big tech, SNAP has risen without any major resistance to settle just below the ATH today. The options market is quite bullish also. Fibonacci expansion targets $30.00 - $33.00, this could be a major breakout coming from a 3 year base. If not willing to long into earnings, wait for the event and the inevitable pullback to test old resistance as support.
NYSE:SNAP
by Bullishcharts
6
BUY to SNAP Hey traders, SNAP is at a very important moment in its history, we can witness a historical high. It is in a fake bearish phase with large buying volumes executed in the session and an abortive buyer's attempt in full VWAP. We can observe on the TIMEFRAME M1 a hammer bear candle on the VWAP, strong potential to breakout the comfort zone to reach another. And make a higher historque with a symbolic number at 29.65, then the next one is on 29.70. Please LIKE & FOLLOW, thank you!
NYSE:SNAPShort
by stephanelibatd
9
LONG SNAPSNAP has formed a solid base and is close to finishing its handle formation Has spent some time in this base so I would suspect a break of ATH could lead us to R1 of 30$ which was the IPO price Upon taking out the 30$ price which I suspect it will after falling drastically over the last few years, we can see the social media company continue to propel upwards - easily 35$ I'm looking to get into the Jan 2021 27$ calls that are currently costing 3.25/contract Entry details as as follows Enter at the break of 27.50 to 28$ Stop loss at 26.50 (located at the bottom of the handle) Qty: 10 contracts Thinking this will take 1-2 months for the trade to materialize
NYSE:SNAPLong
by borisrehab
1