Earnings send SNAP down. I was still long on this in late July. Not looking so bright at least now from a technical perspective for SNAP. However, fundamentally I think this stock has a relatively bright future ahead. Problems arise with valuation multiples, if SNAP does not start delivery of large profits soon, market value can decrease drastically....
RSI indicator showing that SNAP is oversold. We see a reversal to max $84. 1H RSI @ 10.51. For educational purposes only.
$AAL, $LUV, $BCS, $BX, $CMG, $INTC, $SAP, $SNAP, $T, $VLO $AAL - American Airlines - posted better-than-expected revenue numbers, although down (25%) from Q3 of 2019 - shares were up +1.3% at the ended of the day, with this being their smallest quarterly loss since the pandemic $BX - Blackstone - earnings nearly doubled YoY - reported an ATH of distributable...
Buy snapchat g Down 25% btfd NYSE:SNAP Snapchat is a very solid stock and 25% down is a huge over reaction Easy buys at least to 70 Send it
WATCHING $SNAP for 67.55 - Key Levels and Analysis Massive divergences on the larger timeframes. This will likely make it’s way toward 67.55 and at that point I’ll probably be looking to start a small position and add if it goes lower… —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but...
After Five rejections, It might actually break the channel to the downside. With a choppy market this will be a great play.
WATCHING $SNAP for entry at 67.59 - Analysis & Key Levels This really is a target where to re-evaluate… There is a short support just under where we are now, and I’m watching but I feel like it will go lower than that... and snap has a history of being caught a little bit above the 180EMA Red = Resistance Green = Support Blue = trend lines 180 EMA =...
SNAP above 74.30 could make a nice push to 80s R:R is great
SNAP sitting at strong support, There is a gap to fill to the downside, if support doesn't hold. Waiting for a decision.
Super weak stock as analyzed. Nothing much to look at as it needs to be shorted. PT $65
Possible Inverse Head and shoulder setup playing out, buy the breakout retest and ride it up to mid 70s
Haven't touched this chart since April. updating with s/r levels.
Should be an exciting week for Snapchat with blue sky breakout and ATHs last Friday. 100 PT magnet. I think it gets there, just a matter of when. I'm long 10/15 85C letting these profits run. Highly recommend the book by Nicolas Darvas who made $2M trading stocks just by buying box breakout stocks or "Darvas Box Strategy". We may see a retest of the box...
Absolutely TEXTBOOK example of how powerful my charts can be. Entered long the 80c 11/19 @4.7 on 9/22. Contracts are currently worth 9+!! Congrats if you played and please be sure to trim. Although a monster move already, I see more to come. Possible we slow down and consolidate in this $80-84 region to build a base and explode higher to the $90 region. If we get...
$SNAP has been the best acting social media stock despite the extreme weakness shown by $FB recently. It is looking to clear the recent post-earnings channel for a move above its all time high. We are long some $75 calls expiring next month. Possible candidate for a day trade through the pivot at 80.85.
Snapchat potential breakout with crazy option flow today. News ? or perhaps just playing the trend and bullish confluence of indicators. $28M Block 1/21/22C at ask ... can't ignore that. I like the Oct or Nov 85C for an idea
If FB was hit as hard as it was by the AAPL update effecting it's advertising business.. you can better believe that SNAP is not far behind getting blown out. Goodluck, opinion only.