Snap
SNAPCHAT STRONG BUYWe waiting the price go to 20.00 and when up to 25.00 that's point for entry, so we have some target and set it one by one . Every target we can get our profit or wait price up to 80.00 the last target !
SNAP | Short the greed Opened a short position just before market close and holding for a swing. Expected target is the next zone at the bottom but I will trail my stop as SNAP drops further.
SNAP DESCENDING CHANNELSnap has been in a downtrend and with the recent earnings it has Snapped back into the descending channel. If we see a (Break Out) it will most likely be a fake out. Starting a short position at this level, Stop loss is if the weekly chart shows Bullish trend reversal. Profit take at $34.52
Entery Position.This is what is mostly expected to happen for IO. (it may also be much sharper as a result of a Short Squeeze, no share for short)
Not recommended for Long term BUT it's awesome for Mid term!
SnapChat (NYSE: $SNAP) Charging Up The Chart Pre-Market ⚡Snap Inc. operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application with functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures video from a human perspective; and advertising products, including AR and Snap ads. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California.
$SNAP Big short opportunity -Will be looking to see how this gap fills now gaps can take years to fill or they can fill instantly
-will be watching to see if we can break into the gap and profit off the gap fill
-First PT will be 32.39 then after that we are looking to go down to 25.31
-For now keep this on watch no clear set up then no entry
SNAP: WHERE IS THE RESISTANCE AND SUPPORT?Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Snap Inc. (SNAP).
The chart is self-explanatory. Death cross on the 1D chart recently occurred. RSI is above the resistance line with a possibility for a re-test. MFI is at the resistance line with an attempt to break out. SNAP's price touched the 0.618 Fibonacci Retracement level before coming back down. It will need to break the 0.618 and 0.786 level to continue the rally upwards. There is resistance with the EMA Ribbons and the top line of the Descending Broadening Wedge. Volume has picked up. Please review the chart for the remaining notes.
Included in the chart: Trend line, Support and Resistance Lines, RSI , MFI , Death Cross, Simple Moving Average, Fibonacci Retracement, EMA Ribbons, Volume.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
I hate snapchat but it looks like it has upside from hereafter this latest earnings and buying it appears to have upside and potentially a reversal
SNAP Inc. a company with Debt and Negative free cash outflowIf you haven`t sold SNAP at my call here:
Then you should know that a strong support volume area is between $12 to $18.
I expect to touch that area after the earnings call.
Snapchat-- A buy or sell?Everyone is aware of the tension between snapchat and its competitors. However, those tensions do not need to dissolve for the share price to move to the upside. I believe we hit rock bottom near the share price of 26.
SNAP still not profitable | Buy areaIf you missed last Friday`s 28usd price per share, close to the 2017 IPO opening price of $24, then, after a bounce from the oversold area, once interest rates will go higher, i think we can still see it in the 18-25usd range.
SNAP is still unprofitable 4 year after its IPO.
It is trading at 19.5 times its 2020 revenue.
A worthy multiple would be let`s say 9-10 times revenue.
Looking forward to read your opinion about it.
SNAP - Short term bullish Snap had an ugly distribution pattern and an Island Top at the 70-80 price few weeks back and its been selling ever since, with last 3 weeks the selling had accelerated in momentum reaching the importing level of 28-30, closing a long due gap.
That level should provide enough support for a bounce back at 40 level, towards the 50 Daily EMA. I believe SNAP price is so oversold short-term, that bulls will be looking at ER for an excuse to send this up for the next few weeks.
First important level is at 35 next is at 40
Snap Inc. -- Bullish Wolfe Wave Detected UPSIDE -- $SNAPWe are in wave 5 of bullish Wolfe Wave. Wait for re-entry into triangle, which is confirmation, to purchase.
$SNAP - Approaching the Disastrous GapThe $SNAP chart looks horrifying. It's quickly approaching the downside gap, which is nearly 20% wide.
Based on overnight futures action, this is a prime short candidate leading into tomorrow.
SNAP, 14 Jan. The End is your Friend.Snapchat has lost -54% from the highs in September, but there are signs of a (local) reversal. Let's see if we can pick up SNAP here.
Geometry:
Connecting the tops we can draw a channel. The median is confirmed by price action. SNAP approaches the bottom of the channel where we can expect a potential bounce. The green trend line gives an element of confluence.
Elliott:
We are able to count an unfolding ABC with wave v (in green) to be completed. The 38.2% fib level is below at $34.
Oscillators:
Stoch is oversold and due to move up. RSI has been in the oversold since Oct. and could retrace.
How to trade it:
The area between the 38.2 fib and the channel bottom gives us a good risk-reward ratio to speculate on a reversal. Because the area is large (34-37) we may choose our entry based on a candlestick pattern (reversal doji) or slingshot method, to have evidence of bulls stepping back in. Below 33 the idea is likely invalidated.
SNAP - some downside before the fifth wave upI expect more weakness until price tags $31 to complete a flat pattern (h4).
This will be the fibo level for the wave 4 as well as the median of the base channel (left chart)
Good luck!
SNAP Potential Triple Inverse H&SEither a triple inverse H&S occurs, or the blue oval above the channel acts as a support and price reverses at this point.
Above the channel is a good entry point, betting on a reversal.
Would be nice to see a clean triple inverse H&S although
$SNAP clearing recent resistance...If it continues to push has room to 54 area... big intraday spike with volume... and social media names strong this morning...
Snapchat potential short setup. High timeframe so this could take several months to even get back to the gap fill but very nice high RR on this if it comes to daddy. Classic bearish island top into potential H&S as per Edwards/Magee.
SNAP - opportunity for some nice gainsBack when SNAP reporting earnings and had the miss due to the change in policy by APPLE with limiting how SNAP could market to it's clients i thought it was an extreme over reaction as the price literally fell off a cliff when i went digging into unusual whales i found very large call option bets placed out for end of NOV exp which seemed like they placed those options trades to collect premium only, as it was a multi leg strategy it also had very bullish call options included with some of the premium amount for a total option contracts totaling 1.3 million i tweeted out the chart weeks back stating i felt the price would remain in the colored box until those options expired so they could collect the premium and we would potentially see a jump back in the price action looks like we are closely approaching this coming to fruition, def should be a play to keep in your watch list
