Snap
Snap Finding Support at $49 Purchased a couple $49 Call options for the end of the week...looking to bounce off of the support here at $49 to touch the green target zone ~$54.50.
SNAP Calls Weekly Play!Snap About to Break Channel Up here
Tight stop loss @ $50.80
Bulls want it to $55 this week
SNAP in a bear flag? Potential bearish flag forming on SNAP. Volume also declining on flag.
Keep on you radar
SNAP must hold the line!The bear flag hit our price target perfectly, so perhaps the worst is over.
Historically we've had some serious support at $49, so we should be able to stay above this level.
If we break the support level and then break down from the falling wedge, then we can expect to fall further toward the 200d MA.
If we stay within the falling wedge, we can remain bullish.
TWTR MSFT and Discord: Use Pull Back to Enter Long PositionTWTR has given much of its post-earning gains, it has arrived near the demand zone of 60 to 63. While waiting for a further pullback, ATM PCS may be a good idea to slowly enter a long position.
MSFT buying Discord is a net negative but not a huge one, as TWTR is still pretty much a monopoly.
Snap longLong position Snap:
Overall up-trend
After technical rebound from NDX, Snap broke through 38 and 20 moving average. Finally bounced of from 50 SMA.
Supports around 56 $, 51 $ and 48 $
Resistance at 64 $
$SNAP in and buy!It’s a previous bounce off the 100 day MA I love this play to hit $70 by 4/23. An April call here forsure. Good luck and trade safe
Can SNAP reclaim this channel?$SNAP 2HR.... Watching for price to reclaim uptrend channel and a possible reversal to retest ATH, could see a possible move to 65 and if volume is low we could see a sell off and back to previous lows, possible double bottom at 51.38 under that strong demand near 48.20... if we break that I'm seeing an overall move to my wave c target at 43. Now if we see higher lows begin to form and we reclaim that channel I can see a retest to 73.18 and ATH breakout to 95. Perfect short and long opportunity for short term option traders, liquid option contracts and decent premiums.
Bearish Divergence with Weak CandleBearish Divergence with Weak Candle , its expected to see down trend.
SNAP simple short!expiration of this Friday contract. now it is time to short. Fib retracement, Modified Fork, resistance line and logarithmic fib channel are obvious. we are at the end of impulse elliot wave of today.
It is actually more conservative target than aggressive. Put for next Friday expiration.
Oak - rejectedTop of weekly trendline acted as strong resistance. You need to see the smaller timeframe Before considering possibly squeezing more out with what momentum may be left out of this but I would wait and catch a ride down.
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AAPL wait for the buy"Red in the morning, take warning." I got some nice dip buys but will not be entering unless solid confirmation of continuation. This broke down below its channel, it needs to fill out this descending wedge(bullish pattern) before I enter. Will get that buy signal soon in my humble opinion.
Cheers!
Solid performance in a bloody day!In one of the worst days market has experienced since March 2020, SNAP reached its all time high. Technically, this move could go further!
Potential gain:50-55%
Reward/Risk:3
Timeframe: 1-3 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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SNAP: might be time to snap back soon...quick idea:
SNAP has been on an amazing rally - however - I think the time has come for the fun to end. When looking for the most egregious examples of high valuation in the market might now, snap is definitely up there.
After counting waves several times I came to the conclusion that SNAP is like many other tickers on the market near in a fifth wave completion. It is also difficult to ignore the divergence on the MACD that has been building since late October (short term bear div on rsi as well). Divergence can go on for a long time but after five months, almost half a year, it's likely that a correction/significant retrace to previous support levels will happen.
There may be a pop after market open but my guess is a strong sell-off will begin this week.
If you read this you will never participate in any IPO..!It is obvious that many people who participated in BMBL IPO are in red zone, but the worst has yet to come!
Look at TWITTER, SNAP,FACEBOOK, SPOTIFY, and PINTEREST historical charts..! Clearly anyone who participated in those IPO in the very first day lost 50-85% of his his capital in several weeks or months!
I’m currently conducting a study on IPO Ed stock in last 3 years, obviously you are in danger of losing your capital in 3 out of 4 recently IPOed stocks.
It doesn’t matter if you are a trader or longterm investor, you have to take care of your capital.
1st day IPO = Bubble burst..!
A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. ... During a bubble, assets typically trade at a price, or within a price range, that greatly exceeds the asset's intrinsic value (the price does not align with the fundamentals of the asset)(investopedia)
BMBL chart is 30 minutes, others are weekly charts..!
Please write your experiences of participating in IPOs in comments
SNAP above highsSnapchat above 65.4 I expect bullish continuation. Once I see how open goes I will likely be entering calls.
Goodluck! Please like/share. Or drop a comment below and we can chat about it
Snapchat to $68 before March 2Snapchat new price target : $68
When: Before March 2nd
Growth: 9.7%
Buy : YES
Trade at your own risks
PLTR set to flyBullish bat pattern complete. My last bullish bat on EXPR scored some nice profits, will PLTR line out to do the same?
PLTR rsi is oversold, possibly pinned off the 200MA. I waited for it to start rising out of the bat here and will wait a bit more for entry long on this bullish bat pattern.
My entry is the buy signal that I set to alert me on my iphone as I sit on my private yacht... one of those may be a half lie..
Good luck traders!
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Bullish on BIDU going into earningsEarnings are still 23 days however since we are in still in bullish momentum from the big up move last Thursday. I expect tomorrow to test and then break last Thursday's high.
SNAP, Breakout But ...NYSE:SNAP has breakout today. Next resistance could be around 62-64. But it has earning report on 4th AH. So play if long on this.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
