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SNAP INCSNAP INCSNAP INC

SNAP INC

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1SI trade ideas

Solid performance in a bloody day!In one of the worst days market has experienced since March 2020, SNAP reached its all time high. Technically, this move could go further! Potential gain:50-55% Reward/Risk:3 Timeframe: 1-3 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality content videos coming soon..!
NYSE:SNAP
by Moshkelgosha
2
SNAP: might be time to snap back soon...quick idea: SNAP has been on an amazing rally - however - I think the time has come for the fun to end. When looking for the most egregious examples of high valuation in the market might now, snap is definitely up there. After counting waves several times I came to the conclusion that SNAP is like many other tickers on the market near in a fifth wave completion. It is also difficult to ignore the divergence on the MACD that has been building since late October (short term bear div on rsi as well). Divergence can go on for a long time but after five months, almost half a year, it's likely that a correction/significant retrace to previous support levels will happen. There may be a pop after market open but my guess is a strong sell-off will begin this week.
NYSE:SNAPShort
by myceliium
$SNAP - small repeatable gainsThis is how I have been playing this stock: Put in limit order for far less than the bottom of the spread. For example, if bid is $5.50 and ask is $6.00, I put in limit at $4.80 or less. If it fills, great, if not, no big deal It filled for the $65 strike on 3 times over the past 2 weeks. I set a limit sell right away to whatever the buy price + $3.00 and then adjust as the day goes on. This allowed me to book $603 in the last 2 weeks. Small repeatable gains are working on this stock and on BEAM.
NYSE:SNAPLong
by katblat
2
$SNAP$SNAP ran after Earning and started to trade sideways, losing momentum and strength. It tries to break out the time high of $65.42 but failed after several days of attempt. This is a critical point where the price is at the middle Bollinger and oversold. If there's the volume, it could see a $65 range or even break out to a new high. I am looking at the 4H chart (swing trade), and I like that the Doji candle is followed by a green candle with a higher opening (Bull). The other scenario is if this fails below $60, then it will touch support at $55 and $51. It moves +/- $4.00.
NYSE:SNAP
by G_Acidbeam