Snap
SNAP at support and extended - LONGAt the WL1, price is clearly extended and I look for a Trade up to the L-MLH at least.
(if you don't know what L-MLH means, it's the Lower-Medianline-Parallel - checkout my free course).
Another fact that I want to bring to your attention is, that price reacts very nice at the lines of the Fork - even with all the GAPS in between...
I wish you all a happy and profitable new week.
P!
SNAP Back To The L-MLHHere's a nice test of the Centerline guys & gals. I think I hop on and see if we can bang it to the L-MLH §8-)
P!
SNAP WK Supply Zone FormingPrice reacted perfectly to upper MN/WK supply zone, created all time low after earnings yesterday, new WK supply zone setting up for another short, though will be careful at all time lows, maybe less risk if price reaches up there.
SNAP reaches trendline supportSigninficant trendline support reached as the company earnings report is due by tomorrow, we can see some correction to the up from here.
Trade: Buy SNAP 14.00
TP1 15.60
Tp2 16.30
SL Daily close below 13.65
LONG SNAP AHEAD OF EARNINGSMarket Cap - $1831B
P/B - 6.09
Earnings Yield - (3.55%)
52w High-Low - $22.32 - $11.83
Implied Move (over earnings) - 15.5%
- Snap's is a globally used social media app. It's transition to automated or programmatic auction of Snap Ads is boosting its advertising revenues. On top of this, revenues from smaller business did more than twofolds. As a result, YoY revenues increased and the company's loss per share narrowed. The company continues to grow in Android market and in the international market.
- Snapchat has added a number of features such as 3D Friendmoji Deluxe World Lens, Bitmoji Deluxe, Stories in Search, Content Cards, 3D World Lens, Custom Stories, Snapmaps and Geofilters to make its social media platform more attractive to it's users as well as advertisers. The redesign of the app despite the technical glitches is expected to boost its popularity among Android users. The recent "Stories Everywhere" will help Snap gain a prominence over the web.
- Snapchat is the most preferred social networking medium among teenagers (Piper Jaffray's Taking Stock with Teens survey.) Reportedly, 45% of the respondents (average age - 16) said they prefer using snapchat compared with 26% respondents for Instagram. In an October report by Axios, Snap apparently witnessed a 40% increase in increase in submission of Stories since it unveiled its location based Map feature in June 2017. This growth will attract growth from advertisers (the main source of Snap's revenue).
- Snap is aggressively ramping up its original content efforts! The company partnered with NBC news to produce a twice-daily headline news show "Stay Tuned" for the Snapchat app to reach the millennial users. They also signed a $100m content deal with Time Warner Inc. Before this, they had inked a deal with NBCUniversal for the Winter Olympics and brought on board Disney's ABC network as well as BBC and Vice Media. Snap has also added Disney owned sports channel ESPN's SportsCenter to the platform. They also partnered with the Olympic Channel to provide more Olympic content over the Winter Olympics. We believe, Snap will continue to expand its original content portfolio which will attract subscribers!
It's main risks are competition from Facebook and the lack of revenue diversification is a major concern too.
NeroTree rates Snap Inc as a STRONG BUY with a 52w price target of $20.
SnapVery nice trade set up to get rich in a snap. ;)
Earnings report on 5/1: If positive, I can see it spiking up as it did in Feb after earnings report.
If negative, Stop loss at 13.40
I'm not a professional, this is for self educating purposes only. Feedback welcome!
"Be kind whenever possible. It is always possible." -DL
SNAPSNAP if forming a Double Bottom and also have a strong support zone and also at RSI now oversold.
For everyone that is interested to invest on SNAP in Long or Short term the entry is 13.81$
-For Short term: Exit at 12$ and profit at 20$.
-For Long Term: Exit at 11$ and profit at 28$
Snapchat Stocks, Potential buy opportunitySpotted a Bullish Pattern, the Flag pattern it forms when two parallel lines encompass the market. The pattern is seen as the market is potentially just taking a "breather" after a big move before continuing its primary trend. The Big move is the jump in price in February. First idea so don't crucify if wrong. Plus there update on earnings is being released on the 1st of May. Could be a 20-50% profit if all goes to plan.
Kurt's Trades
SNAP - READY TO SNAP BEAR NECKSLooking at the weekly time frame. Snap has made higher highs, and most recently higher lows. The line of least resistance is towards the bullish side. The earning report is on May 1st, 2018.
Which side are you on?
KALY in a rubber band ready to snap back up or going down?The RSI is below 10, so the stock seems oversold, it could look like a good rubber band pattern if the price was not UNDER the 200-day MA.
So is this an anomaly and the stock is going to snap back up? Or, on the contrary, is it going to go further down?
What do you think?
Expanding Rising WedgeHi guys. The recent action must have been quite discouraging for the market enthusiasts but if there's any positive sentiment left I would think this is the right level for a bounce imho. Please feel free to comment. Thank you.
WOW, SNAPCHAT!WELL WELL WELL.
Snap broke the '' V ''
I'm anticipating snapchat to head down to lows of at least $12.00 and I can see a sharp pull back to the upside occurring at least near the $16.00 Region however a push to the upside target of $18.00 would be nice.
I don't think that you should short this stock, however just wait for the nice easy pull back.
MY BIAS IS LONG ON SNAPCHAT GUYS!
TP: $16.00/$18.00
SNAP can rallyShares of SNAP have been beaten down for weeks now, but today's decline has shares testing an upward sloping trend line that's held on multiple tests so far. I just jumped in via April 20th $15 calls for 32c.
Snap Inc. ForecastCurrently, Snap has broken the potential symmetrical triangle and now has broken the potential falling wedge. While a strong daily close could see this wedge still in play, I see it much more likely that Snap will be dropping to the bottom trend line which has accounted for bounces at ~$11.3, ~$12.3, ~$13.3. Depending on how fast and hard Snap drops, the bounce range could be between $13.5 to $14. Use the trend line as a guide not a set dollar value. It is important to keep an eye on Facebook and other social medias as well. The potential for regulation could invalidate this bottom trend line support if the news gets ugly for social medias through congressional intervention in the space.
SNAP longSNAP weekly has a bullish flag look. Daily chart also shows a falling wedge pattern into support area.
Potential long term play.
See notes on chart.
My Snapshot of SNAPHello friends. It's time to show some patience and join the smart money in the waiting mode (observed in the volume profile). I believe the rewards are still on the long side imho. Happy Sunday.
Time To Snap It UpLonger term view, long purely based on Fibonacci levels, great weekly bounce off 61.8% Fib level - Two target levels on chart - I'm long from $15
SNAP structure breakout gap pullback long opportunitySNAP almost retraced everything after its runaway gap on ER and went back to the magical underwriting price @ 17.00.
Also, between 16-17 will be the 0.618 retracement and structure breakout pullback long spot.
So I will be willing to wait for intraday reversal sign between 16-17 to take some long trades.
Let's see how it goes!
Entry Considerations Hi guys. This is a follow up on my previous post. I meekly think there's no shorting of SNAP than can bring a good risk/reward. The probabilities are on the long side but the good entries are lower imho. Thank you for taking a look.
SNAP - You guys seeing this?>be Snap Inc.
>announce first ever earnings "beat"
>"we blew less money than expected"
>moremoneypls.emoji
Get yourself some March/April puts
Brewing Impulse Hi guys. This high volume stock has spent some time in tight confinement visibly building up energy and now it's decision time imho. I'm seeing some signs of strength. Good luck.
Play the bounce in SNAP earningsSince its IPO back in 2017 SNAP has been annihilated on every occasion. the price found support in the 11.28 - 16.88 area where it ranged for the since the past 3 months. However, today a shift happened. The first bullish earnings report hit the street. Wall Street likes the numbers especially the user and revenue growth. The stock is gapping up 22% pre-market.
Following the recent selloff in stocks which id due for a bounce and the positive momentum from this earnings release, there is a decent probability SNAP will try to go back to its IPO price.
Setting up a bid at the first support 16.88 with a stop loss at lower support 15.80 with a target at the 50% retracement of the entire down move, which is 20.36. Overall r/r ratio of 3.22.
