$SNAP - bull and bear thesisNYSE:SNAP
Weekly timeframe
* Start of a breakdown of the bear flag
#Bull: If price can reclaim $10.61 and establish itself, $18.50 is next
#Bear: If price doesn't break $10.61, $5.93 is next
Snap
If you dont have a map, any direction will do- SNAP stock Reviewing my valuation worksheet and the charts on snapchat now that new analyst numbers have come out after earnings.
Friends dont let friends trade blind. Dont be a dummy and learn valuation.
Recommended reading concepts
Peter Lynch - PEG ratio , book "Beating the street"
Benjamin Graham - cigar butts and the original growth formula book: "Intelligent Investor"
Good luck. Its gonna get rough!
SNAP Options Ahead Of EarningsIf you haven sold SNAP here:
Then analyzing the options chain of SNAP prior to the earnings report this week,
I would consider purchasing the 10usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $2.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
Applying Warren Buffett and Peter Lynch valuations : SNAP stockWhen I was new, I traded just the picture of prices.
Later after living through a full cycles, I learned stocks were actually businesses.
Business sell stuff to customers and generate revenue each year.
Businesses have cash flows and earnings.
Thats why when we look book 10 to 20 years, most businesses are more valuable today then back then.
Valuation looks at what things are worth today and also looks at future potential.
Financial math is discounting the the future growth to make sure you get the best deal you can.
Valuation keeps you grounded.
You can still day trade, swing trade, and option trade all you want. Valuation just helps you know the true value inside the business so you avoid some losers and pick more winners.
Cheers and good luck on your journey!
#snap #warrenbuffett #peterlynch
Bullish, 550% Possible Upside.On the daily chart we have a lot of bullish potential.
First we have a messy looking inverted head and shoulder pattern. The right shoulder looks like a possible Symmetrical Triangle that just completed its 5th touch and could be ready to blast off.
Also, there is a Golden Cross that happened yesterday.
There are also 3 gaps to fill.
First Gap at $15.50,
Second Gap at $21.70
Third Gap at $70.00
And finally we have broken out of the year and a half long Trend line bullishly, and even backtested it.
If this can break $16.00 that could be a strong signal that this thing is going to fly!
-Not Trading or Financial Advice-
All set to hit 16 by May?Looks like its geared towards 16 in next 4-5 weeks. Could this happen? It could be. Enjoy the ride.
Really like the way SNAP is looking right now $SNAPNYSE:SNAP
Snap is going to be one to keep an eye on here moving forward.
if it can holder these levels I would look for a lot of upside potential
SNAP: What's Bad for TikTok is Good for SnapchatAfter the TikTok appearance in Congress I do not think the current administration will have the political capital to do anything but ban TikTok. The proposed deal to have TikTok sold from it's Chinese owner seems unlikely after Beijing declined it and also after the CEO got grilled in Congress and did not offer any answers to ease politicians concern the the CCP can manipulate the content on the app. I expect TikTok to be banned in the US. Snapchat stock has been consolidating around the $10 level for almost a year now. I think a TikTok ban will benefit SNAP big time and be the tailwind it needs to break out.
SNAP SELLHello . There is a possibility that Snapchat shares will drop. Once the price reached a strong resistance 12.25. The market bounced last time. And a very negative candle in the four-hour frame: Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
$SNAP: Weekly trend reversal?Interestingly, $SNAP is going for a 2nd attempt at a long term trend reversal here, worth noting. If it holds over $9.85 we could get a substantial rally out of this one. It is interesting because market participants are seeing $SNAP as a kind of reflection of the economy, and as a leading indicator for $META and $GOOGL.
Let's keep an eye on this one, I'm not in the trade in this case but following it for analysis purposes.
Cheers,
Ivan Labrie.
SNAP looking bearish. $SNAPSNAP is presenting the same patter of bigger players like SPY, QQQ or AAPL. However SNAP is below the 200 MA that relates with a downtrend, so this plus the breakout, plus the WTO high and getting lower shows bearish power. We'll see.
snap stock med term analysisas noticed on the chart snap stock break a resistance area with high volume candle, It will move the price to next resistance area
the gap should be close as well as illustrated on chart
SNAP Snap Options Ahead Of Earnings | Who`s still using it?!If you haven`t bought puts with me here:
Then looking at the SNAP Snap options chain ahead of earnings , I would buy the $10.5 strike price Puts with
2023-2-3 expiration date for about
$0.84 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
SNAP strong bullish to expect
Hi viewers, SNAP technically watched here expecting strong bullish push in next periods
TP1:13
TP2:14
Managing non directional option trades : #snap Making money even when Im wrong, only in options world is that a thing.
Non directional trades try to capture premium from both bull and bear sides be on a range or sideways trend.
Here I discuss managing non directional trades as time passes and future price moves reveal themselves.
Eventually, this non directional trade became directional. But thats my choice and comfort based on risk reward of the current market.
We have to price risks and choose our exposure.
We dont control the market or outcomes. We control decisions and orders.
good luck have fun be safe!
bear flag approaching Apex target $7.50I see price action retracing and the AD has breached both the 9/18 ema which is bearish on the 4hr chart. I see a bear flag and a rising wedge. In fact we're rising into an Apex. My target is $7.5
SNAP Potential for Bearish Drop| 5th January 2023Looking at the H4 chart, my overall bias for SNAP is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my sell entry at 9.24, where the 61.8% Fibonacci line is. Stop loss will be at 10.15, where the 78.2% Fibonacci line and recent high are. Take profit will be at 7.30, where the previous swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Snapchat [SNAP] 2023 OutlookLooking at SNAP on the weekly time frame, I kept a basic chart with only one support & resistance zone as well as one indicator that is mine, the cycle bottom indicator. We can see in the 2019-2021 cycle that we created this move from $7.05, which is marked as the bottom level in the accumulation zone with $9.20 being the top level, where the price is currently trying to break out of.
I believe most of the storm of this price falling has passed us, and we’re about to enter a period of extended consolidation. Markets can’t move up down up down in a ping pong fashion, it needs time to consolidate. $7.05 - $9.20 is a prime accumulation zone for the longer term where we return to the mean around $23, marked as the bottom level of the resistance band seen on the chart.
Some key factoids about Snapchat:
319 million Daily Active Users (DAUs)
$1.3B Quarterly Revenue (3x from 2019)
Advertising accounts for 99% of Revenue
Going off solely the quarterly revenue and leaving the increase in DAUs out of the equation, the fair value of SNAP should be 3x higher than it is right now, and a return to mean from this price point would sit Snapchat comfortably around the bottom level of the resistance band, conveniently the same $23 level as marked out on the chart.
From here, we may see the start of the next cycle, or we may not. That’s forecasting with a crystal ball in a sense, however, I am expecting another cycle in the future, although I’m not sure how long this consolidation period will be.
Cathie Wood entered at $54.98.
Cheers traders!
As always please do your own research, I am not a financial advisor and this chart is for educational purposes only.
SNAP Potential for Bearish Drop | 30th December 2022Looking at the H4 chart, my overall bias for SNAP is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 9.24, where the 61.8% Fibonacci line is. Stop loss will be at 10.15, where the 78.2% Fibonacci line and recent high are. Take profit will be at 7.30, where the previous swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Amazon bubble pop pattern on SNAPThe infamous Amazon bubble pop from 1998-2001 shows a 93% draw down that took roughly 658 days to reach an actual bottom from its previous all time high. Following this same bubble pop on social media stocks- nearly all current social media stocks show the same pattern forming. Putting a bottom in around July of 2023 and a price target between 5 and 6 dollars. Not financial advice, but use your own research to find out a good buying opportunity. Follow and share to get more charts like this. Meta, tesla, and apple soon.
SNAP Potential for Bearish Drop | 28th December 2022Looking at the H4 chart, my overall bias for SNAP is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 9.24, where the 61.8% Fibonacci line is. Stop loss will be at 10.15, where the 78.2% Fibonacci line and recent high are. Take profit will be at 7.30, where the previous swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
SNAP Potential for Bearish Drop | 23rd December 2022Looking at the H4 chart, my overall bias for SNAP is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 9.24, where the 61.8% Fibonacci line is. Stop loss will be at 10.15, where the 78.2% Fibonacci line and recent high are. Take profit will be at 7.30, where the previous swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
$TSLA $AMZN $GOOGL $MSFT $AAPL $DOGEUSD $NFLX $SNAP $META #NIFTYNASDAQ:TSLA
Fair Priced.
> 70% down from the ATH
Now opportunity to double the money.
CMP 125$
Target 250$
Duration < 12M
SL 60
RR > 2 time
Return > 100%
Bet is worth taking the risk!
TSLA AAPL AMZN GOOGL MSFT NFLX SNAP META NIFTY BANKNIFTY V JPM GS ADBE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
