Snapchat final chance Final Gap fill
2020 low
Demand
Consolidation
Breakout incoming
Dollar weakness
1SNAP trade ideas
If you dont have a map, any direction will do- SNAP stock Reviewing my valuation worksheet and the charts on snapchat now that new analyst numbers have come out after earnings.
Friends dont let friends trade blind. Dont be a dummy and learn valuation.
Recommended reading concepts
Peter Lynch - PEG ratio , book "Beating the street"
Benjamin Graham - cigar butts and the original growth formula book: "Intelligent Investor"
Good luck. Its gonna get rough!
SNAP Options Ahead Of EarningsIf you haven sold SNAP here:
Then analyzing the options chain of SNAP prior to the earnings report this week,
I would consider purchasing the 10usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $2.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
LONG $LTCSimilar set up to NASDAQ:COIN where there is an inverse head and shoulders and a HVF forming on the right shoulder. The break of NYSE:SNAP HNVF will trigger the break of the neckline of the inverse head and shoulder while NASDAQ:COIN would not. Both are good set up given the inverse head and shoulders backing up the long bias and HVF set up.
Talking to AI about Snap stockTalking to AI about Snap stock.
Im using google bard to discuss different financial calculations. its basically a fast calculator.
SNAP Bullish Swing TradeBroke above 3 Trrend lines
Held support Twice
Second support hold was entry for swing
Target this week at least 11.50
$SNAP winding tight going into earnings.NYSE:SNAP is getting wound tight going into earnings.
The current price is sitting just above swing low anchored VWAP. Price is also at a convergence of 20/50/200 SMAs.
04/28 Expiry IV is 119.20% with +/- 1.83, meaning the options are priced for a move as high as $12.60, or as low as $8.
Applying Warren Buffett and Peter Lynch valuations : SNAP stockWhen I was new, I traded just the picture of prices.
Later after living through a full cycles, I learned stocks were actually businesses.
Business sell stuff to customers and generate revenue each year.
Businesses have cash flows and earnings.
Thats why when we look book 10 to 20 years, most businesses are more valuable today then back then.
Valuation looks at what things are worth today and also looks at future potential.
Financial math is discounting the the future growth to make sure you get the best deal you can.
Valuation keeps you grounded.
You can still day trade, swing trade, and option trade all you want. Valuation just helps you know the true value inside the business so you avoid some losers and pick more winners.
Cheers and good luck on your journey!
#snap #warrenbuffett #peterlynch
SNAP Bullish Swing TradeSnapChat broke above downward channel/wedge, after staircasing up from very bottom support of channel, Signaling Bullish trend for at least the next week. Resistance level is 50 cent move. AKA One strike price move into the money, Time Decay on "in the money" calls have less than 2$ a day risk
Bullish, 550% Possible Upside.On the daily chart we have a lot of bullish potential.
First we have a messy looking inverted head and shoulder pattern. The right shoulder looks like a possible Symmetrical Triangle that just completed its 5th touch and could be ready to blast off.
Also, there is a Golden Cross that happened yesterday.
There are also 3 gaps to fill.
First Gap at $15.50,
Second Gap at $21.70
Third Gap at $70.00
And finally we have broken out of the year and a half long Trend line bullishly, and even backtested it.
If this can break $16.00 that could be a strong signal that this thing is going to fly!
-Not Trading or Financial Advice-
H&S ver2NYSE:SNAP
This is a good entry point. SL 8usd, TP 21usd (gap close). Huge Risk/Reward ratio.
Moreover we have good recover on online advertising in 2023.
All set to hit 16 by May?Looks like its geared towards 16 in next 4-5 weeks. Could this happen? It could be. Enjoy the ride.
Really like the way SNAP is looking right now $SNAPNYSE:SNAP
Snap is going to be one to keep an eye on here moving forward.
if it can holder these levels I would look for a lot of upside potential
above horizontal areaif stock closing above horizontal area on weekly basis looking good. indicator showing positive momentum
SNAP: What's Bad for TikTok is Good for SnapchatAfter the TikTok appearance in Congress I do not think the current administration will have the political capital to do anything but ban TikTok. The proposed deal to have TikTok sold from it's Chinese owner seems unlikely after Beijing declined it and also after the CEO got grilled in Congress and did not offer any answers to ease politicians concern the the CCP can manipulate the content on the app. I expect TikTok to be banned in the US. Snapchat stock has been consolidating around the $10 level for almost a year now. I think a TikTok ban will benefit SNAP big time and be the tailwind it needs to break out.
Large momentum shifting structure for SNAPSNAP is showing one of those large, curving momentum shifting structures. I'm not 100% sure the strategy to trade something like this but for people looking for buy and hold for a little while, this could be something to consider.
SNAP Stock Chart Fibonacci Analysis 0314231) Find a FIBO Slingshot
2) Check FIBO 61.80% level
3) Entry Point > 10.74 /61.80%
SNAP SELLHello . There is a possibility that Snapchat shares will drop. Once the price reached a strong resistance 12.25. The market bounced last time. And a very negative candle in the four-hour frame: Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Short SNAP | All time low $4.82 SNAP should change it's name back to Snapchat so investors know what it is, because right now, all it has done so far is snap the bulls necks. Snap is already down 87% from it's ATH and now looks ready to test its ATL after the past week's hard rejection at $12.67.
