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SNAP - CLASSE ASS

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4SNAP trade ideas

SNAP Potential bearish reversal. MACD to confirm the sell. Snap Inc (SNAP) has been on a strong rise since the September 26 Low. Technically since the October 21 2022 market bottom, the stock has been trading within a wide Rectangle pattern, with the majority of its price action observed within the (blue) High Volatility Zone consisting of the 0.236 - 0.618 Fibonacci range. The price is currently on the 0.236 Fib. Every 1D MACD Bearish Cross above the 0.00 mark, following a rally that started with a Bullish Cross below 0.00, has been a great sell opportunity. Our target is exactly on the 0.618 Fib at 9.85 (the bottom of the High Volatility Zone), which will also make a perfect contact with the (green) Ichimoku Cloud. Notice the harmonic trend of the Ichimoku Cloud within this long-term Rectangle. Every decline tends to hit it. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:SNAPShort
by TradingShot
2
Snap Stock Jumps On Reports Of Purchasing In Snap Via AMZ.Snap stock is rising Tuesday on reports the company has a deal to allow users to directly purchase Amazon (AMZN) products on Snapchat. The deal for Snap (SNAP) follows a similar agreement between Amazon and Facebook parent Meta (META). The agreement will allow Snap users to buy Amazon products they see advertised on Snapchat directly through the app. The arrangement was first reported late Monday by The Information. Snap stock is up 9% at 12.34 in recent action on the stock market today. Amazon Collaborates With Snap Amazon confirmed details of the arrangement to Reuters. Snap users will be able to see real-time pricing, Prime eligibility, delivery estimates and product details on select Amazon product ads within Snapchat. The deal is similar to one struck between Amazon and Snap's larger rival, Meta. Users on Meta's Instagram and Facebook will also be able to shop Amazon directly on each app after linking their accounts. Snap Stock: Sales Bouncing Back Snap, meanwhile, is coming off its first quarter this year with year-over-year sales growth. The company reported a 5% revenue increase for the third-quarter. Price Momentum SNAP is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NLong
by DEXWireNews
SNAP is forming a long term baseNYSE:SNAP is unfolding mutiple "inverse head & shoulder" formation, this is goin to be veyr choppy and complex near term action; regardsless it is determin to travel higher to close the gap at $12.35 which intersect with an up trend line resistance and over head trend channel resistance; the near ter bullish momnetum fuel by positive daily MACD and rising momentum; awaiting 100 days SMA & 200 days EMA bullish crossover "GOLDEN cross" which is not likely to happen for another several weeks depending on how it peform towards $12.35 target. Given such pattern, personally i will mobilized 20% of my intended capital to go long at at the market for test of $12.35, two consecutive weekly close above latter to futher deploy additional 20% of my capital,keeping balance 60% for potential pullback towards $7.30, in case i am wrong and it launches towards $21.66 i have 40% dont need to #fomo, worst case scenario after i bought i started to tank i still have 60% to buy more: so either direction i am happy; up is great, down is good!
NLong
by fxmetalanytime
1
Snap: Is the Nightmare Finally Ending?Snap has struggled since growth stocks started crumbling two years ago, but now some traders may see chances of a recovery. The first pattern on today’s chart is the potential basing pattern that began in August. Its bottom was slightly above the May trough. That could suggest that selling pressure is waning in the social-media stock. Second are the pair of high-volume candles on October 16 and 25. The first came after The Verge reported that SNAP was setting ambitious internal targets for monetization and engagement. The second followed better-than-expected quarterly results. At that time, investors were nervous about global tensions hurting growth. But if those worries fade, traders could target the third pattern: a large bearish gap that followed weak quarterly results in July. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
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by TradeStation
Snap Stock Surges More Than 11% After Earnings BeatSnap (SNAP) reported its third quarter earnings Tuesday after the bell, beating estimates of the top and bottom lines and suggesting that more growth for the social messaging company may be on the horizon. These earnings beats were a much-needed win. Snap, owner of Snapchat, has become representative of the malaise that can affect an advertising-dependent tech company. The business has struggled since the launch of Apple's (AAPL) App Transparency Tracking, and was sent reeling by a digital advertising slowdown that's only just picking up again. Many of Snap's plans for its future — for example, its repeated efforts to make mainstream AR glasses — have yet to fully take. The company this year released its own AI chatbot, My AI, but its rollout has reportedly raised fears among parents concerned for their children's safety. In its earnings release, Snap revealed that over 200 million people have used My AI, sending more than 20 billion messages. It has also signed up 5 million people for its premium subscription Snapchat+, adding a potential annual income of more than $200 million. “We are focused on improving our advertising platform to drive higher return on investment for our advertising partners, and we have evolved our go-to-market efforts to better serve our partners and drive customer success," Snap CEO Evan Spiegel said in a statement. Additionally, Snap offered up a relatively optimistic internal forecast, saying that it sees its Q4 adjusted EBITDA coming in between $65 million and $105 million, a wide range but on the high end from Wall Street's estimates of $100.6 million. Notably, this was not formal guidance; Snap is opting to disclose internal guidance, which should be viewed with some caution. The Earnings Rundown Here are the key numbers that Snap reported, compared to Wall Street's expectations as compiled by Bloomberg: Adjusted Earnings Per Share: $0.02 actual versus -$0.04 expected Revenue: $1.19 billion actual versus $1.11 billion expected Global Daily Active Users (DAUs): 406 million actual versus 405.79 million expected Snap's daily active user numbers are particularly notable — they mark growth of 12% year over year. Snap COO Jerry Hunter is set to retire, the company revealed in its report. Snap also authorized a share buyback program up to $500 million, implying that management thinks the company's stock is undervalued. Snap shares came into this earnings cycle up about 9% year to date, lagging the Nasdaq Internet Index, which is up about 34% in 2023. Its revenue had declined in the last two quarters before the latest reversal. Despite the upswing in Snap's revenue and signals that the advertising market is recovering, the company's investor letter acknowledged that the third quarter was tough. Looking ahead, there are also fears of another advertising downturn due to the war in Israel.
NLong
by DEXWireNews
2
SNAP - RECOVERY SCENARIOSnap's stock has been highly volatile, with over 42 moves exceeding 5% in the past year. Today's increase in share price suggests the market finds the news impactful but not transformative for the company. The most significant drop occurred six months ago when Snap reported disappointing first-quarter revenue, causing a 19.8% stock decline. SNAP faces company-specific challenges, as its peers in advertising and social media generally report stronger results. Snap's stock has risen by 9.66% this year but is still 28.2% below its 52-week high of $13.51 in July 2023. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NLong
by legacyFXofficial
SNAP: EASY 17.89 BEFORE NEXT EARNINGDespite the market consolidation, I agree that the SNAP sell-off was an overreaction. Big hands are attempting to shake off the Snap investors in order to move higher. Currently, large volumes are being bought as much as they can at below resistance, which is around 11.22, but if it breaks, we should expect 12.19 in no time. This is the time to start collecting shares, not wait. Big whales will force you to purchase you at a expensive price. I am bullish in Snap. GOING UP AFTER 08/07/2023
NLong
by sej4974
SNAP: Good move up very soonOn the chart, we see a wide consolidation channel, in which there is a set of positions and a new growth cycle for this instrument will soon begin. The first target is around $21.7, there is an unclosed gap. Look at the RSI, it is also approaching 30, which indicates that the instrument is oversold. The fair price today is ~ $36, if we apply the discounted cash flow system, so you can already form your positions in the long term. Good luck to all. If you liked it - subscribe!
NLong
by Your_Trend
2
Is the SNAP Sell Off overreaction a Reversal Setup?Yes, I think that it is. On the 15-minute chart, the price action of the post-earnings drop is seen The earnings beat the analysts. Price has started a low momentum recovery. The dual time frame RSI shows the low/blue line RS rising above the high/black line. SNAP is in the deep oversold and undervalued territory in the area of the lowermost intermediate-term anchored VWAP lines. The mass index indicator triggered a reversal in the pre-market hours today. I will take a cautious long trade here expecting a price appreciation to 11.8 at or below the mean black VWAP.or about 10%.
NLong
by AwesomeAvani
1
It's time to manage SNAP after its earningFrom Investopedia, a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows. SNAP is in an ascending channel. When the price hits the top of the channel, sell your existing long position and/or take a short position. When the price is in the middle of the channel, do nothing if you have no trades, or hold your current trades. When the price hits the bottom of the channel, cover your existing short position and/or take a long position. During a rising channel, focus on buying near the bottom of the channel and exiting near the top. Be wary of shorting since the trend is up.
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by KhanhC.Hoang