SNAP trade ideas
SNAP Might Snap Out Of Ascending TriangleSNAP is bouncing around an ascending triangle in the daily, 4 hour, and 1 hour timeframes.
There is a good amount of green volume on the daily, which makes me believe their is a good chance of a break out within the coming days/week.
According to the resistance on VPVR, if SNAP can break around the 62.50-63.00, it could reach All Time Highs once again.
SNAP (Snap Inc.) - Bullish Quarter aheadSnap Inc. provides technology and social media services. The Company's principal product Snapchat, is a camera application that helps people to communicate through short videos and images. Snap Inc. is headquartered in Venice, California.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Heiken Ashi chart already indicates further move upward
- Slow and Fast MACD's are neutral at the moment, but I anticipate further push upward over the coming days - get your timing right!
- Expectation for the price to move to MID TARGET over the quarter
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!
SNAP possible breakout Looking for a wedge breakout on ticker SNAP. Entry is on a closing candle over 64.37 base level. Looking for a move up to 69.00 or 73.60.
SNAP Buy setupSnapchat parent company Snap Inc (NYSE:SNAP) showed strength in its advertising revenue in the first quarter. Analysts saw many positives from the quarterly earnings report.
Snap's first quarter checked all three boxes of revenue, users and EBITDA that Nowak was watching.
Snap’s advertiser base nearly doubled year-over-year in the first quarter. Up-front advertiser commitments grew by more than 50%, including a tripling of year-over0year up-front commitments for commercials from branded advertisers.
With initiatives like SNAP’s partnership with Gannett helping in developing relationships with SMBs across North America and integrating those businesses into products like Snap Map.
Snap has great potential technically and fundamentally for share price growth.
$SNAP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SNAP after a Positive over reaction following its earnings release placing the stock in drift B
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SNAP Inverse Head & Shoulders | Big week for Social Media Co.-SNAP 4HR | SNAP looks good to move higher this/next week. Eyeing the $60 4/30 Calls. Planning to swing this so a bit risky.
Reason 1: Sympathy play with $FB $TWTR $PINS reporting earnings
Reason 2: Inverse head & shoulder on large time frame
Resistance: $62.29, $63.64, and $65 level
Support: $57.24, $55.75
SNAP - Inverse Head and Shoulder BreakoutNYSE:SNAP
Long above 64.28 w/ a price target of 66.94 & 69.42
Inverse Head & Shoulder Breakout
Fall below 55.90, look to short for a gap fill
SNAP - Bullish Inverse Head and Shoulders into All Time HighsPretty simple setup right here. Load calls at a break and hold above $65.
First target: 68.88
Second target: 73.59
SNAP bout to POP!Theres a clear inverse head and shoulders pattern on the chart, which could be signalling the end of the consolidation period after its long bull run. (this pattern only completes if price hits the blue line I drew) Chances are the pattern will complete though since price closed near the highs and attracted more than average volume
Tell me what you think, Like the post if you agree with me and follow for more!
Bullish on SNAP(This is not financial advice)
Hello everyone cup and handle breakout play on SNAP here. This stock always seems to play well for me and proves to be a more and more profitable company. They did beat earnings and small a small run up with good volume coming through. I set up green lines for resistance and red lines for support, as well as a box that we can look at to see if it breaks above it could moon or if it could break below we could see a drop. I am also looking for a break on the MACD which would prove for this to be even more bullish.
Let me know what you think in the comments and if you like my ideas leave a like and follow.
Thank you!
- Vlaire
$SNAP to the moon??$SNAP just beat earnings although it was red for the day, I anticipate that this will rise in price as the demand increases for social platforms. Price closed on the 0.5 fib level or $61.30, that fib level is trusted, usually once price bounces off that it continues its upward trend. The price action here shows a red doji, imo that's actually another bullish indicator, looking at the size of that wick and where it closed shows a lot of buying pressure which means the bulls are definitely in this market. The price on the daily is above all EMAs, but not high enough to be considered overextended. The IV rank here is +/- 37.9% which is high, using IV rank in combination with the indicators (RSI, STOCHASTICS, SNIPER) $SNAP can really take off here.
Snap within a SnapLast time i tried to predict this stock i was devastated but right now i feel more confident on my prediction.
1. Possible inverse H&S taking place as we speak
2. In case it is activated i am waiting to see whether that will be the top and whether we will see the formation of a massive H&S as shown on the graph with a target close to the Covid gap
3. So first long and then short
*This is only my opinion and all the graphs here are shown for educational purposes only. I advise none to act based on my foolish predictions :), always think for yourself, take care and keep researching.
Snap Inverted H&SSeems like a bunch of Nasdaq listed stocks are showing and breaking out of Inverted H&S patterns; Snaps turn maybe next week. Pattern can be view on RSI also
Entry 65$
Target greenline (Fib ext)
SNAP 🌦Identified a bear flag a few weeks ago told my discord server to get out of SNAP because I knew it was forming a bear flag. The market is overvalued and the SPX500 is due for a correction (drop of 10%). Whats more Banks are raising money through bonds which is essentially a confirmation that something big is coming. Some brokers are starting to increase margin requirements for several meme stocks, notably GME and AMC. Banks don't sell bonds for no reason folks. These are all signs that something big is coming.
SNAP SHORT TO $50I wish I caught this easy play last week but IMO its not too late at all!
SNAP is following this descending triangle and SNAP bounced off the trendline which is pushing it on its way down back to daily demand, which is between $51-49.
I would consider this before going long on SNAP and maybe also consider scooping long plays off of demand when it gets there.
Look for a break of 56.80 to confirm downward trend
Look for 5/21 or 6/18 50p
Snap Inc Before Earnings Snap Inc. is expected to report earnings on Tuesday after market close.
The report will be for the fiscal Quarter ending Mar 2021 .
Right now we have small pullback before the earnings , snap reach to 65$ and created double top .
Between 60$ - 65$ channel we can see very strong resistance (double top) ,there we have the downtrend Fib 50%-61.8% from Feb.
we may see pullback until uptrend Fib that located at 64$ - 67$ channel , Ema's 20 / 50 act as Support in the short term , If the price will go down to this levels and pushing up with good Support that will be Entry 1
If the price go above 65$ this will be Entry 2
T1 - 67$
T2 - 71$
T3 - 74$
T4 - 77$
* There is no buy / sell recommendation in the aforesaid ,
SNAP Q1 earnings today at 4:10pmSNAP Q1 earnings are today at 4:10pm. Snap (SNAP) reported Q4 December 2020 earnings of $0.07 per share on revenue of $911.3 million. The consensus earnings estimate was $0.07 per share on revenue of $846 million. Revenue grew 62.5% on a year-over-year basis. The company said it expects Q1 revenue of $720 million to $740 million. The current consensus revenue estimate is $742.04 million for Q1 ending March 31, 2021.
Q1 March 2021 Consensus:
EPS = ($0.05)
Revenue = $742 M
R3 = $68.38
R2 = $65.97
R1 = $63.39
pivot = $60.98
S1 = $58.57
S2 = $56.00
S3 = $53.75
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
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Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
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pi RSI - trend momentum
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Snap EarningsCalendar spread would be best played here since IV is extremely high. I think the move stays flat. Apr 23/30 60C .40 debit max profit around 3.30. GL apes
Short Call Credit Spread I love when I see high IV rank, especially at 65. Higher the better for me.
I always sell my option to collect credit and collect theta as well.
Short the 70 strike and brought the 75 strike.
