analyzingSnapchat, in case of breaking the midline of the rising channel and staying below the sub-trend that was drawn with the yellow line, it gives a high probability of falling and heading towards the green area
1SI trade ideas
SNAP about to make a big move down.Here is my humble opinion on SNAP. I think we have been in a range for a long time and have created enough power to make a big move out of the range. We are going toward the bottom of the range and it is supported by a descending triangle patter. Plus, we have the 20 EMA as a resistance and the EMA has caught up with the price. We have a 4H demand zone around 35 and 28 and neither one are tested yet, so I expect a pull back from those areas.
Snap Tea Party 10/30After reaching all time highs, Snap is due for a slight retracement, forming a Cup, those who got Tickets grab onto those Handles and Cheers!! *As always dress to impress! and be fashionably late!:) Snap it like its' Hot!!
SNAP H&S Forming?I'm still bearish on SNAP after the exaggerated move at earnings. There seems to be a head and shoulders pattern forming, and it will be confirmed once the neckline is broken at around $38.52.
However, the Stoch RSI seems to be bottoming, so we may see a move up. Perhaps this isn't a H&S, but rather a bull flag.
This is not financial advice. Be aware of your own risks. I am not responsible for your gains or losses.
Snap toward the gapWaiting to add more to my long position when snap touches the gap area. MACD and two red candles are showing bearish sentiment for the short-term but it's holding 20MA also which is only bullish sign. Potential target could be 43-44
$SNAP Bounce off 20MA$Snap bouncing off the 20MA here while the tech stocks take a beating due to rotation out of sector. This could be a buy here.
SNAP - $55 Next WeekSNAP in price discovery mode, will break slant resistance and rush to the moon figure.
Expected target by Friday: $55.
SNAP bull flag breaking outNYSE:SNAP breaking out here. A close above the upper trend line with above average volume is confirmation.
Target $50. SL would be the trend line
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SNAP reaching a parallel channel resistance Hello friends,
Snap is almost reaching parallel channel resistance around 46.50 - 47.50 , good area to take profit and wait for a breakout.
SNAP bull flag breakout after a Power Earnings Gap-Power Earnings Gap
-Huge volume on the right side
-Quiet volume as it pulls back + consolidates (just needs a little push of demand)
-Beat earnings - triple digit earnings, double digit sales
Setup Grade: 'A' Tier
Daily evolution of Snapchat
At the moment Snapchat is on a good uptrend, keep the buy position and sell it only when it breaks the yellow line
Daily evolution of NetflixAt the moment Netflix is on a good uptrend, keep the buy position and sell it only when it breaks the yellow line
Nice Setup for SNAP: LongAccumulation at this level and up-trending EMA & AVWAP.
Once break up, may fly.
Bullish FlagSnap seems to have bullish flag on the daily chart. Will look into buying in into snap. Volume is decreasing as the flag continues.
Snapchat stock analyses hello traders,
weeks ago snap chat after correction, he had a highly a very strong bullish trad, but what was the reason?
we have a very high volume in all snapsht history and that explained the high bullish , but why it didnt continue?
now as indicators shows we are now in correction, but will it continue in bullish trade, we dont think so as we have probability of 60% that the next days we will have bearish trad.
snap trendsnap is a good opportunity to invest since its gonna go up to 54$ and stop loss should be under 35.
11/01/2020 ( 2 days before election)
Double Top For SNAP? After a crazy earnings beat run up of more than 50%, SNAP has shown a double top at around $43. If SNAP breaks under the supports at $40 and $38, I would call it a confirmed double top. As for how low it will fall after that, only time will tell.
This is not financial advice. Be aware of your own risks. I am not responsible for your gains or losses.
