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$TWTR At Turning PointSince the March low Twitter has been trading within a channel that it is currently trying to break out from. Additionally $ NYSE:TWTR TWTR is currently making new 52week highs, which is always a good setup for a long position. With the earnings in mind it will be interesting to oberserve whether we can break out of the channel and continue the bullish momentum $SNAP earnings brought to us, or if we fill the gap and retest the trendline within the channel. If we dont fill the gap, there is not much resistance up ahead, except major levels that go back all the way to 2015/14 (3 red lines). If Twitter will outperform earnings expectations we might even be able to fill the gap all the way back from February 2014 (red box). Tell me your opinion in the comments!
NYSE:TWTR
by johannesflk
Snapchat soars! That's one giant cup and handleIt was interesting to watch Snapchat today after its earnings beat. It soared 30%. I personally think Snapchat is great, but have never really understood the long-term growth plan. Snap Kit seems really promising. But I noticed their user growth is not growing as fast as Instagram or Facebook or TikTok. So it's interesting to see that it's worth $50+ billion. At the same time, I do notice that Snapchat is focusing more on global growth. So perhaps that is the exciting number. Global numbers and global users as opposed to just North American users. I am watching closely to see how the pop holds up and this chart is a massive cup-and-handle chart I wanted to draw. Yes, it's not perfect and little ridiculous, but it had to be done. Snapchat since its IPO has been a mess! Congrats to any and all who bought at the bottom and held.
NYSE:SNAP
by scheplick
18
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
THE WEEK AHEAD: AAL, TSLA, SNAP, NFLX EARNINGS; XOP, GDXJ, SLVEARNINGS: Got a bunch of potentially worthwhile, earnings announcement volatility contraction plays on tap this coming week. Here there are, ordered by "bang for your buck": AAL (29/99/19.7%), announcing Thursday before market open: Due to its size, I would probably go short straddle or iron fly, with the November 20th 12 short straddle paying 2.46 (19.7% as a function of stock price), and the November 20th 8/12/12/16 four-wide iron fly, paying 2.00 even. TSLA (29/79/19.1%), announcing on Wednesday after market close. Pictured here is a 10-wide iron condor, with the short option legs set up at the 20 delta. Markets are showing wide in the after hours, but would adjust strikes as necessary to get at least one-third the width of your wings in credit (i.e., 3.33 for a 10 wide, 1.67 for a five, etc.). SNAP (35/97/17.2%), announcing Tuesday after market close. The November 20th 19 delta 24/35 short strangle was paying 1.35 at the mid price, with the defined risk 22/25/33/36 iron condor paying 1.11. NFLX (43/62/14.3%), announcing on Tuesday after market close. The November 20th 455/465/635/645 was paying 3.91 at the mid price as of Friday close. As with the TSLA defined risk play, look to adjust strikes as necessary to get at least one-third the width of your wings in credit. EXCHANGE-TRADED FUNDS, RANKED BY PERCENTAGE OF STOCK PRICE THE NOVEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING AND SCREENED FOR THOSE PAYING GREATER THAN 10%: XOP (14/55/13.1%) GDXJ (18/49/12.6%) SLV (39/50/11.2%) XLE (26/45/10.2%) EWZ (15/42/10.0%) BROAD MARKET: QQQ (33/35/8.0%) IWM (29/33/7.2%) SPY (23/27/5.8%) EFA (18/22/4.6%) IRA DIVIDEND EARNERS, RANKED BY PERCENTAGE OF STOCK PRICE THE NOVEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING AND SCREENED FOR THOSE PAYING GREATER THAN 10%: SLV (39/40/11.2%)* XLE (26/45/10.2%) KRE (24/43/10.1%) EWZ (15/42/10.1%) MUSINGS: 16 days left until the general election. Out of an abundance of caution, I'm not adding anything here, but may do some "window dressing" rolls of my IWM and QQQ shorts puts I have on in the November 20th expiry just to lock in realized profit, and I'll do an educational post as to what that would entail. Handsitting, thumb twiddling while the markets do their thing is the hardest part ... . * -- Neither SLV nor GLD pay a dividend.
NASDAQ:TSLA
by NaughtyPines
5
AUD vs. SGD to see further gains ahead (mid-term trend). Pseudo inverse head in shoulder (re-accumulation like pattern). AUD has broken out above the top descending trendline. Buy signal already triggered. Significant move higher if price manages to break above the 38.2% Fib level and retests it and successfully holds. Measured move target to 0.084 SGD, which sets a higher high, establishing a longer-term bullish structure. PRISM Analysis Snap bend up sharply, which is presently pulling the AJ-ribbon (Acceneration and Jerk) higher with the lime-green Jerk oscillator leading the move (i.e. bullish). Expect momentum to see serious gains ahead. Daily chart shows that AUD vs. SGD continues to be held up above the red 21 EMA level. Bearish if this breaks and it falls below the green 50 SMA level. PRISM higher-differential-order oscillators looks like they are ready to curve upwards as well. Weekly Chart This is a continued shared/published analysis from:
Long
by cybernetwork
5