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SNAP trade ideas

Earnings Expectation for 2/6 $CMG $SNAP $ ENPH $AMGN🌯 Chipotle Mexican Grill ( NYSE:CMG ) The gourmet burrito king is expected to report a substantial EPS of 9.75 and revenue of 2.48B. With a record of beating expectations, all eyes will be on whether NYSE:CMG can maintain its zest amidst rising costs. 👻 Snap Inc. ( NYSE:SNAP ) Snap's earnings are always a snapshot of the social media landscape. Forecasts suggest an EPS of 0.06 and revenue of 1.37B. With a mixed market sentiment, will NYSE:SNAP surprise us with its performance? ☀️ Enphase Energy ( NASDAQ:ENPH ) As a beacon in the solar sector, NASDAQ:ENPH has a forecast EPS of 0.55 and revenue of 328.24M. Will their innovative energy solutions continue to brighten their financials? 💊 Amgen ( NASDAQ:AMGN ) This biotech giant is on the radar with an impressive EPS expectation of 4.60 and revenue of 8.12B. Having a strong track record, the question is: can NASDAQ:AMGN continue to deliver healthy results? Remember, while earnings can excite the market, it's the guidance and forward-looking statements that often hold the real juice. Stay informed and invest wisely!
NYSE:SNAP
by WallSt007
The Unstoppable Rise of Snapchat #BullishReady to ride the SNAP wave? NYSE:SNAP NYSE:SNAP broke through the $14 resistance level, and we're now targeting the next major price level at $26. One of the main drivers of Snapchat's bullish momentum is its impressive user growth. The platform has managed to engage a vast audience, particularly among the 13-34 age group, which is highly sought after by advertisers. This has led to a surge in revenue, with Snapchat's advertising business thriving as more brands seek to tap into this lucrative market. Snapchat's unique approach to social media, with its focus on ephemeral content and augmented reality filters, has set it apart from its competitors. This differentiation has allowed the company to carve out a niche for itself and attract a loyal user base that is highly engaged with the platform. Furthermore, Snapchat's recent expansion into new areas, such as gaming and original content, has demonstrated the company's ability to adapt and evolve in an ever-changing digital landscape. This willingness to explore new avenues of growth is a testament to the company's forward-thinking mindset and bodes well for its future prospects. The bullish momentum for Snapchat is driven by a combination of factors, including impressive user growth, innovative features, and a strategic focus on key demographics. As the company continues to expand and evolve, it is well-positioned to capitalize on the growing demand for engaging social media platforms and solidify its position as a leader in the industry. Future looks bright for SNAP Chat. Bullish!
NYSE:SNAPLong
by EgideSimba
2
Shift in dynamics between buyers (bulls) and sellers (bears)In light of my market analysis, there appears to be a noticeable shift in dynamics between buyers (bulls) and sellers (bears). It is particularly noteworthy that bears were unable to establish a new bottom in the September-October period, while bulls successfully broke through resistance, propelling the price to $17.9. Based on my current observation, I am anticipating a pullback to the support level between $12.8 and $14, which previously served as a resistance level. This seems to present a potential entry point for purchases, aligning with my analysis. Emphasizing the importance of considering both technical and fundamental factors, it is recommended to conduct thorough assessments, analyze trends, as well as support and resistance levels. Additionally, staying attentive to any news or events that may impact price movements is crucial. Do not overlook the necessity of a clear risk management plan and a thoughtful evaluation of portfolio diversification. I am open to any feedback :)
NYSE:SNAPLong
by renasjalal
1
SNAP The best short on the market.Snap Inc (SNAP) has been on an incredible rise since practically October 26, which was straight after the bottom on the Higher Lows trend-line of the 1-year Bullish Megaphone pattern. Technically that is the pattern's 4th bullish leg towards its top (Higher Highs trend-line). The price is very close to that level, which is also where the 1W MA100 (red trend-line) is waiting. That is a trend-line that has been untouched for almost two years (January 04 2022). Obviously it is a major Resistance and coupled with the fact that the 1D RSI, besides touching its Higher Highs trend-line, is on the highest overbought level in three years (Oct 23 2020), makes a case for one of the strongest sell stock picks in the market. All of the Megaphone's Higher Highs rejections have pulled-back to at least the 0.5 Fibonacci retracement level before a bounce. As a result, as long as we close the 1W candles below the 1W MA100, we are shorting Snap, targeting 12.00 (slightly above the 0.5 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:SNAPShort
by TradingShot
4
Snap (NYSE: SNAP) Shares Gain on Jefferies UpgradeSnap (NYSE:SNAP) shares rose more than 2% pre-market today after Jefferies upgraded the company to Buy from Hold and raised its price target to $16.00 from $12.00. The most challenging times for the company seem to be over, and they see a pathway back to a mid-teens revenue CAGR over the next 3-5 years. The underperformance of Snap in the past, according to Jefferies, was largely due to the rebuild of their direct response (DR) advertising platform. This revamp led to a drop in revenue in the first two quarters of the year. However, recent developments suggest that the DR platform is starting to show positive trends. Snap is well positioned to achieve a 15% revenue growth in fiscal 2024, marking a significant increase from around 0% in 2023. Price Momentum SNAP is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NYSE:SNAPLong
by DEXWireNews
Perfect Falling Wedge Chart PatternThe falling wedge pattern is followed by technical analysts because it typically signals a bullish reversal after a downtrend or a trend continuation during an established uptrend. +Firms with low earnings estimates tend to perform better than anticipated—because of the low bar: They've nowhere to go but up. 09/21/2023 Snap surpasses 5M paid subscribers Snap (NYSE:SNAP) says its paid subscribers have topped 5M, putting it halfway to a 10M goal in a little over a year since launch. At the $3.99 per month subscription price, that amounts to some $20M in monthly revenues or $240M per year.
NYSE:SNAPLong
by sej4974
SNAP Options Ahead of EarningsIf you haven`t sold SNAP here: or ahead of the previous earnings: Then analyzing the options chain and the chart patterns of SNAP prior to the earnings report this week, I would consider purchasing the 11usd strike price Calls with an expiration date of 2023-11-17, for a premium of approximately $0.60. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:SNAPLong
by TopgOptions
SNAP - No Longer Ghosting 👻Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📦 NYSE:SNAP has been confined within a range for nearly a year , indicating a significant accumulation phase. 📈 For bullish momentum to prevail, a decisive break above the upper boundary at 14.0 is crucial. In such a scenario, the Markup phase would initiate, propelling the price towards the 30.0 mark. 🏹 Meanwhile, SNAP is expected to consolidate. As it nears the lower bound at 10.0 once again, we will be actively searching for new short-term buy setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NYSE:SNAPLong
by TheSignalyst
1
$SNAP Future CUP and HANDLE going to $20-25 BEFORE EARNINGA cup and handle is a bullish technical price pattern that appears in the shape of a handled cup on a price chart. You will see NYSE:SNAP going up to $20 or more before earning on February 2024. Plus, we expect good earning again due to - Amazon Deal : Snapchat allow users to directly purchase amazon products on Snapchat - Tiktok Ban: Earlier this year, Congress appeared to be on the cusp of passing a TikTok ban. Just the concern, users and creators will move to Snapchat. - Ad-free subscription plan: Snapchat is testing a new ad-free subscription tier. New monetization - Less expenses & restructuring : Snap has laid off nearly 20 product managers.
NYSE:SNAPLong
by sej4974
SNAP Potential bearish reversal. MACD to confirm the sell. Snap Inc (SNAP) has been on a strong rise since the September 26 Low. Technically since the October 21 2022 market bottom, the stock has been trading within a wide Rectangle pattern, with the majority of its price action observed within the (blue) High Volatility Zone consisting of the 0.236 - 0.618 Fibonacci range. The price is currently on the 0.236 Fib. Every 1D MACD Bearish Cross above the 0.00 mark, following a rally that started with a Bullish Cross below 0.00, has been a great sell opportunity. Our target is exactly on the 0.618 Fib at 9.85 (the bottom of the High Volatility Zone), which will also make a perfect contact with the (green) Ichimoku Cloud. Notice the harmonic trend of the Ichimoku Cloud within this long-term Rectangle. Every decline tends to hit it. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:SNAPShort
by TradingShot
2