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SNAP INCSNAP INCSNAP INC

SNAP INC

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SNAP trade ideas

SNAP Broadening Formation BreakoutHere we see a right angle broadening formation, with the accumulation line on the bottom. What appears to be an island reversal pattern appeared in the daily chart, marked by the yellow rectangle, which is typical of congestion patterns like this. Broadening formations are typical of late stage bull markets and are accompanied by irregular volume throughout. A majority of broadening formations carry bearish implications, and a breakout occured today in SNAP, although not by the generally "safe" 3% margin. I would expect a throwback, but the pattern implies a -65% move to the downside to 17.5, although not necessarily soon.
NYSE:SNAPShort
by BarnardR
2
SNAP - opportunity for some nice gainsBack when SNAP reporting earnings and had the miss due to the change in policy by APPLE with limiting how SNAP could market to it's clients i thought it was an extreme over reaction as the price literally fell off a cliff when i went digging into unusual whales i found very large call option bets placed out for end of NOV exp which seemed like they placed those options trades to collect premium only, as it was a multi leg strategy it also had very bullish call options included with some of the premium amount for a total option contracts totaling 1.3 million i tweeted out the chart weeks back stating i felt the price would remain in the colored box until those options expired so they could collect the premium and we would potentially see a jump back in the price action looks like we are closely approaching this coming to fruition, def should be a play to keep in your watch list
NYSE:SNAPLong
by Stock_Hustle21
Snap Inc. operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application with functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures video from a human perspective; and advertising products, including AR and Snap ads. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California. Below Fair Value: SNAP ($62.97) is trading below our estimate of fair value ($69.26) Below Fair Value: SNAP is trading below fair value, but not by a significant amount. REWARDS Trading at 9.1% below our estimate of its fair value Earnings are forecast to grow 73.7% per year Earnings have grown 12.8% per year over the past 5 years Risk Checks Fail Has there been substantial insider selling in the past 3 months? Significant insider selling over the past 3 months Fail Have shareholders been diluted over the past year? Shareholders have been diluted in the past year Pass Are they forecast to achieve profitability? They are forecast to become profitable over the next 3 years Pass Are revenue and earnings forecast to grow? Earnings are forecast to grow by an average of 73.7% per year for the next 3 years Pass Are they in a good financial position? They have sufficient cash for at least 1 year of operations Pass Is their dividend sustainable? They do not pay a dividend Pass Is their share price liquid and stable? Share price has been stable over the past 3 months Pass Do they have sufficient financial data available? They have sufficient analyst coverage Pass Are there any concerning recent events? No concerning events detected Pass Do they have meaningful levels of revenue? Revenue is meaningful ($3B) Pass Do they have a meaningful market capitalization? Market cap is meaningful ($123B) Pass Do they have negative shareholders equity? SNAP does not have negative shareholders equity.
NYSE:SNAPShort
by Skinwah
1
$SNAP gap down after earnings playI think we all saw the news: Snap reported upbeat earnings for its third quarter, while sales missed expectations. The company also issued Q4 sales guidance below estimates. This was related to how Apple's data privacy changes make it harder for digital advertising to perform as they have been. we saw Google and FB have dips as well. Since the $SNAP drop is so extreme there is opportunities to play on the Long and Short side at key levels. I'll be looking to scale into a trade on either side at the support and resistance levels outlined int he chart. Long : If prices recovery quickly on Monday, I expect a sell off for the rest of the week as investors get a second chance of exiting the trade before anymore bad news. Short : If we sell off even more on Monday, then I will be buy-buy-buying at each support level marked. I think $SNAP has potential to be a great day and swing trade this week. Have a great Monday!
NYSE:SNAP
by tony_dav_
2
$SNAP Weekly buyers need to step in here...I think they willSnap recently loss the 50EMA on the weekly but is trading at two important support points - Upward trend line and volume shelf support. Watch for possible more downside to $50 zone, were I would want to see buyers defend here and push back to $60 zone target. I'm in DEC $60 calls down -20% will exit the position with a close below $50 this week. I like the decrease in volume as sellers seem to be exhausted at this point.
NYSE:SNAPLong
by FriscoTrades
2
SNAP is where you need it be $SNAP price fell about 35% last week over earnings report. However this is just one more occasion the market is overreacting. Technical: We seeing support at $52 mark with a liquidity range just below at $48.5. This give a potential right-angled broadening formation. Typically this type of patterns have a 68% strike performance. The purple and green lines are the possible path the market/price could move/ take. Action: Buy first lot at $52.4. if the market is gracious enough to give 48.5 .. buy a second lot your first TP should be anywhere the price touches the red trendline (60.4- 63.6) Goodluck!!
NYSE:SNAPLong
by lexcel