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$SNAP Channel Support Long $SNAP Channel Support Long $SNAP has formed channel up & is testing lower band of channel. If support holds, go long for retest of highs at $26.50. One of my favorite basic strategies is relative performance. $SNAP has been a clear standout since September 3rd (first day of correction) - $QQQ is down over 12% while $SNAP is up over 3% (and at one point up 10%). In this sense I am looking for continued strength from $SNAP as an ex-index play - countertrend plays that are not trending with overall market. BTO $SNAP 10/16 $25c avg $.85
NYSE:SNAPLong
by UnknownUnicorn7308096
5
oh SNAP...is that a reverse H&S or are you just happy to see me?Looking at SNAP it's been gaining some steam in the past months, Seeing more than 200% gains off the March lows. Not only that, but arch-rival FB has been in hot water all year and there's concern about their business being broken up to prevent monopolistic practices. Is this an opportunity for SNAP? Is this an opportunity for you? With that being said, a strange and exciting pattern has formed in this chart. What's more, is the potential impulse wave that is forming on the chart and the steady volume to go with it! Now the Risk to Reward setup here really depends on your how much you are willing to lose to bet on some gains on a breakout? Depending on your time range, you could make a quick buck and then keep some SNAP for the new 3rd wave cycle that could then form if we do reach new All-Time Highs (ATH). BUT... if we are dreaming through our SNAP spectacles again, then we could be willing to take up to a 25% loss to gain 30-40% and then have a nice set up for a larger swing trade. I'm already in this one ever since the 4 Tech Titans were on the hot seat in front of Congress. After making this chart I might want more. What do you say?
NYSE:SNAPLong
by Shadowfigure
SNAP - 18.81% Potential Profit - Descending TriangleThis will most likely be a short-term play. Descending Triangle formed after a 4-month rally. Resistance confirmed multiple times yesterday on the 5-min chart. We have two targets, set at a new potential support line. - 1-Month Downtrend - RSI and STOCH below 50 - MACD below Signal Suggested Entry $20.69 Suggested Stop Loss $21.25 Target price $19.61 + $16.55 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:SNAPShort
by maschera
SNAP updatewe cashed out half our long position in SNAP and kept a half for a possible upside. i was going to close the remaining position but checking the chart - it seems i'll hold for now. here's why. - this week started bad for SNAP with a relatively big drop, the good news is, there was no follow thru from sellers and bulls took over the rest of the week with 4 positive (UTO barscore) days - also on the daily chart, SNAP is attempting to breach out of the declining channel and trade within a range - a good sign that can point to a possible breakout if we get enough demand coming in. - the weekly chart shows an end of a distribution cycle, and a possible return to demand mode. it is possible to expect a similar breakout to what happened in November 2019 (see weekly chart) Price projection: i don't have a target in mind at this time - maybe in the next update. the current decision based on this week's analysis is to hold instead of completely closing - i'll be happy if we get to the IPO level and see what happens next.
NYSE:SNAPLong
by RedKTrader
BTCUSD - More downside in the short-term (30mins chart analysis)More downside to come for BTC in the short-term. Perhaps relative sideways. BTC remains below thick orange 200 SMA, and continue to be rejected by the green 50 SMA. 50/200 SMA deathcross registered not too long ago. Rejected by bearish Ichicloud that appears to still be thickening. For the bulls, will need to wait for: For price to first head back above the 200 SMA to advert 50/200 SMA deathcross (DX) on the higher timeframe. Ichicloud to turn positive again on the higher time frames. Watching how the weekly candle closes too vs. the trendlines. PRISM Oscillators Analysis. Stochs in a downward corrective trajectory.. Negative Snap-Oscillator, which is still heading downwards. Momentum is accelerating downwards (AJ-ribbon heading sharply down), pulled lower by negative snap-oscillator. See also my long-term analysis/target: Zooming Out: BTC is still looking pretty bullish.. Will be healthier if Stoch resets downwards a little, either correction by price or through time (i.e. painfully going sideways, liquidating longs and shorts along the way, over a longer period of time before continuation)..
BITSTAMP:BTCUSDShort
by cybernetwork
1
Snapchat Long - Back to $25 IPO Open Price To Save The RetailersTwitter got dumped when Trump called them out and it just rebounded like a monster. Snapchat bears looking to take this down at the open but what they don't realize is that they criticized Trump after the close. Trump won't have time to criticize Snapchat after all the backlash that he got. Bears will get squeezed and take us to IPO open price and beyond. Inverse head and shoulders with throwback. If you missed Zoom's inverse head and shoulder with throwback into pump to all time highs then here is your chance to redeem yourself. Enjoy!
NYSE:SNAPLong
by FleurdelisFX