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Snap Inc.

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SNAP trade ideas

SNAP ShortSnap is going to sell off due to a reduction in its own customer base, they will make less revenue for at least the next 2 years until they can recoup their losses. I plan to short SNAP at 49.50 and if it rises to 52.50 I will double down, max loss at 54. I will double down at 47, and sell half at 46, re-add at 45, sell again at 44, re-add at 43, and sell at 42. I created a predictive outline of how I think it will trend. This stock will continue lower as all previous fundamentals are now NULL AND VOID.
NYSE:SNAPShort
by Synaptic724
Fell Below Support Snapchat has fallen below its support level as indicated by the Kurotoga Cloud. Last time this happened on the 30min it only stayed in a downward cycle for 1 day before breaking through resistance. We are almost guaranteed that SNAP will continue to fall tomorrow but not as steep as today. Based on candlestick analysis I do not see Snapchat going any lower than 51.10 tomorrow. That may not be the case if something beyond the technicals drive the price and cause SNAP to rise. Stay tuned for trade activity and follow for more predictions.
NYSE:SNAPShort
by Myantman101
20
OverboughtSnapchat is overbought in the short term and indicators are showing a steep decline. First: MACD shows weakening bullish divergence Second: D+ shows high levels of bearish divergence Third: RSI is 71.62 indicating that the stock is overbought Fourth: Candle bodies are getting smaller as price increases showing that bullish volume is decreasing as price increase, and in order for bullish volume to increase, price needs to decrease. Think of SNAP needing a mini correction. I believe we will see this correction during the second half of the week. Comment your thoughts below! Leave a like if you agree and make sure to follow
NYSE:SNAPShort
by Myantman101
13