1SI trade ideas
SNAP $10 in sightSnapchat has fallen ~80% from all time highs, slipping below $15 support. A short to $10 looks nice from the current level.
SNAP Longer Term Buy and HoldSnap lost over 80% since September 2021.
Recent price drop..they basically said they won't make earnings.
Support zone between $4.90-$8.00. If price drops below the $4.90 price it might start getting sketchy.
If we see a gap fill, I expect to see some resistance going through $27 zone.
Ultimately I can see the stock go between $40-$48 long term.
I'll probably be buying in and checking on price over the year while snagging more and more. But I don't expect anything huge soon. It'll be a slow crawl in '22 and picking up steam in '23.
Already bought some at $14.22..
SNAP SNAPCHAT BUY NOWAccording to my chart analysis , Snap Snapchat Show strong signal to buy , buy max as you can .
$SNAP in the gap$SNAP was the worst performer social media stock this week after it lowered guidance for the current quarter. Yesterday it managed to enter the recent gap as the price moved above $14.57. As long as this level holds, one may try a long swing position if the overall market continues to grind higher.
SNAP $ ALERTwe will see a strong support above the 8$ if we continue to go down, and above the 20$ is our current resistant and breakout zone to confirm the bullish momentum and reversal from the bearish trend , cause that will break our ascending line , that started forming since last year October .
SNAP elliotwave updated 26/May/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Disclaimer
SNAP Inc. Buy: GAP PlayUs it time to go long and shoot for the Monday/Tuesday GAP ($21.71-$14.57) in SNAP Inc.? Perhaps.
It looks like the short-term bearish push may be over Here's the trade:
1) A market buy from $14.50
2) Profit Target, $17.00
3) Initial Stop Loss just beneath $12.00
4) Payoff is 1:1 for $2.50 (17.2%)
Snap, IncSnap, Inc. operates as a camera company. Its flagship product, Snapchat, is a camera application that helps people communicate visually with friends and family through short videos and images called Snaps. The firm's primary source of revenue is advertising. Snap was founded by Frank Reginald Brown IV, Evan Thomas Spiegel, and Robert C. Murphy in 2010 and is headquartered in Santa Monica, CA.
SNAP - Bearish pennantBearish looking pennant has formed since Feb, but the volume looks constructive for at least one more upshot at 40s.
One of the better looking growth charts...should money rotate into growth names at some point.
Trend is clearly down, and price below all key moving averages, so bears have control until picture changes.
Break below could test 25, which was the post covid breakout. I would wait for either consolidation above 34 or to breakdown to 25 and see how price acts there.
For now, do nothing
SNAP will close the gap and go lowerFor the next month SNAP will find the bottom, but close the recent gap first
In Juli a new bull run will begin
$SNAP Long Opportunities at Monthly Demand ZonesSNAP has had quite the pullback with a lot of other names lately. The areas in green are areas of monthly demand where a long position can be built. Currently we are trading into and just above the first major area and also within the Market Maker Discount zone.
Snapchat Tom DeMark 13 Count Bearish ReversalAfter a successful reversal off of a 13 count, we have reach a long target zone.
Waiting for confirmations on smaller time frames before entering any trades, it is very volatile.
SNAP approaching support SNAP had taken a header this morning. From a technical perspective, I'm seeing viable support between $13.00 ascending - $11.00 descending structures.
$SNAP to $14-22I'm not sure what will happen with earnings tomorrow, but even if it's positive, the highest that I see snap going is to retest the top of the bear flag around $40-41 (or on an extreme move, a wick to $43).
After that, I think it sets up a reset of the RSI to fall lower. I think we'll likely see $SNAP in the $14-22 region over the next few months.
Long by around 12.6 with TP: 30I already said that in January-February . Buy around 12.6 for the long run with take profit: 30 might be a good opportunity to get at least +100%.
Snap: More pain before relief?!!Snap
Short Term - We look to Buy at 13.20 (stop at 10.72)
This stock has recently been in the news headlines. The CEO reported the company will likely miss its own revenue and earnings targets. Broken out of the triangle formation to the downside. The measured move target is 13.00. We expect further downside to the measured move target zone. We therefore, prefer to fade into the dip at that zone with a tight stop in anticipation of a move back higher.
Our profit targets will be 21.98 and 24.00
Resistance: 18.00 / 22.00 / 30.00
Support: 13.00 / 10.00 / 5.00
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SNAP Fib Circle DumpSnapchat has produced some interesting price action.
It can be seen falling and acting *sticky* to the Fibonacci circle.
It just looks nice doesn't it?
SNAP reaching the price targetIf you haven`t sold SNAP at $32:
Then you must know that tomorrow will be close to our price target of $16.
SNAP just warned that it expects Q2 revenue and EBITDA will fall below its previous low-end guidance from last month!
Looking forward to read your opinion about it.
almost the end of this bear run ?? or just a pullback- almost at 3 months demand zone
-i think most retailers would be stopped out, i guess 😅
-other stocks seeing the same thing happen
(ps: longterm)
letsgooooo!!!
just my opinion 🕺🏻
