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Snap

SNAP Resistance Levels SNAP has been trading inside the blue triangle for several months now. Marked on the chart are a few support zones which could serve as resistance in the short term. I'm watching for a retest of ~$58 after SNAP's selloff today. The market reaction across the board today seems to have been fueled by Janet Yellen's comments this morning on increasing interest rates. I do anticipate that growth stocks such as SNAP will be impacted pretty heavily when the Fed begins raising interest rates. However, under the Fed's current loose-money policy, that doesn't seem to be an immediate risk. Last week we tested the inverted H&S neckline ~$64. Considering the extra volatility surrounding earnings, as well as the support level at ~$33.32, I don't think that today's price drop justifies ruling out the H&S pattern. If buyers return across the market and volume picks up, I think that price could attempt to climb back towards $64. Waiting to see which direction the market takes, with the next importance support zone being the triangle's base ~$48.50.
NYSE:SNAP
by jhiggins5
SNAP Buy setupSnapchat parent company Snap Inc (NYSE:SNAP) showed strength in its advertising revenue in the first quarter. Analysts saw many positives from the quarterly earnings report. Snap's first quarter checked all three boxes of revenue, users and EBITDA that Nowak was watching. Snap’s advertiser base nearly doubled year-over-year in the first quarter. Up-front advertiser commitments grew by more than 50%, including a tripling of year-over0year up-front commitments for commercials from branded advertisers. With initiatives like SNAP’s partnership with Gannett helping in developing relationships with SMBs across North America and integrating those businesses into products like Snap Map. Snap has great potential technically and fundamentally for share price growth.
NYSE:SNAPLong
by Nasdaq_Diaries
Bullish on SNAP(This is not financial advice) Hello everyone cup and handle breakout play on SNAP here. This stock always seems to play well for me and proves to be a more and more profitable company. They did beat earnings and small a small run up with good volume coming through. I set up green lines for resistance and red lines for support, as well as a box that we can look at to see if it breaks above it could moon or if it could break below we could see a drop. I am also looking for a break on the MACD which would prove for this to be even more bullish. Let me know what you think in the comments and if you like my ideas leave a like and follow. Thank you! - Vlaire
NYSE:SNAPLong
by vlaire
Snap Inc Before Earnings Snap Inc. is expected to report earnings on Tuesday after market close. The report will be for the fiscal Quarter ending Mar 2021 . Right now we have small pullback before the earnings , snap reach to 65$ 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 ,
NYSE:SNAPLong
by daveinvest8
2
Snap --> Snap it hereSnap has been under the control of bears since past 2 weeks, it has dropped by approx. 30 percent in recent sell off. I am very bullish on snap. It has shown good revenues and is one of the greatest competitor of Facebook. It is now sitting on a very strong support. It is a weekly support as well. I believe that this is a very good entry point, or if a better safe trade will be a put credit spread. Indicator showing divergence and i believe it is ready to rise Ideas is for entertainment. Not a trading advice. Trade at your own risk
NYSE:SNAPLong
by Stockmaanreal
2