Get started

Snapchat

Oh SnapNote: All of what I claim below is simply the way I perceive the market. I am not certain nor do I suggest you take my advice without first taking into consideration what I have said. Whatever you do, be critical of what everyone claims. Those who claim certainty in these markets tend to get hurt the most. Observations: Snap was publically listed on the Cboe BZX exchange on February 27th, 2017. Since this time, the price has been on the decline. But on May 13th, 2019, price action broke above the major diagonal downward trendline A, suggesting that sentiment had reversed. I believe Snap is currently in an overall uptrend until it breaks below the point in which it broke out of ($12.48 to be exact). Therefore, I have highlighted the major support level D as a region where if price reaches, may bounce off of. If price breaks below this point, I can only imagine there will be more pain to come. I personally believe that smaller trends can be found within larger trends. As you can see in the above image, Price broke out strongly from trendline A, forming the upward trendline C. Now look at how the price broke below trendline C and began to form a falling wedge. I expect some more consolidation within this pattern and then a continuation up towards the resistance trendline B. I’ve chosen this spot as a target because price action resisted harshly from it once before. Thank you for reading, Have a nice day!
NYSE:SNAPLong
by PoorRicardo
Snap Chat SNAP stock analysis and forecast. Short opportunitiesShort opportunities are being created on Snap Chat SNAP stock. New weekly supply is being created on Snap Chat on the weekly timeframe around $16 per share. The stock has been doing nothing for a few weeks and it's now dropping strongly creating new weekly supply imbalance and lower timeframe imbalances. No longs are allowed. Price action and supply and demand Weekly price action analysis is telling us than bearish impulses are stronger than bullish impulse so it would be suicidal to open short positions on Snap Chat stop. As per the supply and demand analysis, only shorts are possible, that is, selling the stock or use stock options to trade all the way down as there is a lot of room for price to drop with no important obstacles.
NYSE:SNAPShort
by AlfonsoMoreno
5
What type of company has 190m customers & cant make moneyRiddle me this Batman... You have money to invest and some turtle necked thick circular rimmed glass wearing hipster meets you in starbucks for a triple mocha frappe Mexican soy bean decaf expresso with cream and pitches you his great investment opportunity... "We are a company that IPO'd last year and our share price has fallen by over half since IPO, we have never made a profit since we IPO's and are still making over $1m a month loss, but the loss quarter on quarter are reducing (almost in a perfect example of special cause variation we started with an estimate of -16c per share loss and achieved -14c, next quarter was -14c and we achieved -12c, next quarter was -12c and well you guessed it -10c, I wonder what the next quarter will be anyway lets get back to it) "The more users we allow onto the platform the more expensive it is to run (Just work out cost per user versus profit per user) so we cant ever really go above the 200m user level and we are going to fundamentally have to change the user experience to actually make real money so we can be profitable, but we don't know how this will inpact our user experience". WOULD YOU INVEST IN THIS Technical Long term downwards trend could not break with recent pop and even with "An earnings beat", Jesus it should only be an earnings beat if it actually has so profit to talk about for fuck sake. Its showing signs of weakness, but its up over 100% this year - IDIOTS, well its down over 100% since IPO fucktards. It also could not break the 20day EMA with this earnings announcement. My overall view is this period is a critical one for SNAP, it needs to at least hold its 100day ema or even break the 20day and the down trend if it can do this then its a buy all day, however its not now I would not be surprised to see this back at $6 before the end of Q3. lol what company has 190m customers and cant turn a profit lol. SNAP really needs to fix its cost per customer, however the signs are its focused on revenue per customer which essentially means its margins are small so growth will be small, unfortunately if SNAP announces it turned $1 profit in the next quarter idiot investors means SNAP will be a $100 stock in days. The issue with focusing on revenue per customer is that your essentially trying to change customer behaviour which for a large part is outwith your control and initially focusing on cost per customer is 100% within your control and is essentially easier to change, plus this gives you a great foundation is formed for growth. Until I see signs around reducing cost per customer unfortunately SNAP is a main stay on my short list SWING SHORT Target $10 test (Ideally would be back to $6/7 area) Risk $13 all before next earning, Prediction: Next Earnings will read -8c per share loss with increased operating costs around 190m users and increased revenue per user Thanks for reading @D0CT0R__WH0
NYSE:SNAPShort
by d0ct0rwh0
SNAP - slightly scrubby channel, uptrend since late 2018Overall bullish, respectable channel, large swings within it. Bought Snapchat as it seemed relatively unaffected by the Aug 5th dip which seemed bullish. However, unlike AMD and FSLR this was not already low on the RSI and is now happily swinging low according to the trend, or maybe a more delayed reaction to the overall markets, so perhaps I should have waited for that. This one is another long-term play for swing trading the channel. Maybe I'm a year too late and the whole financial system is about to implode, who knows?
NYSE:SNAPLong
by optimystery