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Snap

Snap possible passHello. Here what I think about SNAP. Friend asked me if we should do something about this stock. It seems like it has upside down head and shoulders now. Which is a bullish reversal sign for long near term. You can see clearly the setup on chart and probably future upside path. 3rd path maybe greater. But for now, I would target $28-29 per share. We will see how much snap made during the quarterly report, I would assume a lot of people were snapping while on lock down. I might get into trade as well. If I would, I would get a month long option here. ( some correlation for quarterly report needed. If it pops, sell the option ). However, my friend buy and sell share, so less risk. Options require timely sell, shares requires time :)
NYSE:SNAPLong
by biggriz
SNAP: at the "make or break" level i was going to close my long SNAP - but on a second look, we're at the critical level from all the way back to the 2017 IPO times .. marked with the red dotted line @ $23.3 ' ish the chart shows some anxious sellers (non-believers 😊 ?) who preferred to bail as soon as SNAP hit the > $24 levels - but then we saw no follow thru - so in my view, there's a good chance the demand / bulls takes over - and we should get the result of that really soon. i may be wrong - but if that happens and the longs manage to push above the safety level $24.10, SNAP may be on to a nice breakout and new highs. will hold the position for now.
NYSE:SNAPLong
by RedKTrader
1
SNAPCHAT ($SNAP) 👻 | Why Snap is More Tempting than a Cinnabon🐋 ALERT! The SNAP bulls have been giving bears no leeway recently. Not only does the chart look great as SNAP has capitalized on the lockdown, but Snapchat has also been busy improving its ad space and moving to compete with other big tech like Apple and Google (for example with Snapchat's foray into AR). Let's take a look at some levels to see if SNAP can keep popping off. Hit that 👍 button to show support for the content and help us grow 🐣 Support: The S1 S/R flip and S2 orderblock are both equally notable to SNAP bulls. A bounce at or between any of these levels would be a show of strength from the bulls. While the bulls have the S3 SR flip at the major price pivot point on their side, a test of S3 breaks the bullish market structure and thus makes this level somewhat unattractive at this point (if we get there, we'll have to see how price reacts). Resistance: The first point of resistance for the bulls is the R1 orderblock at the failed swing high and S/R flip. It would make sense for us to be rejected here while price consolidates. This would help SNAP to avoid becoming overextended. The R2 orderblock at the failed swing high range comes into play if R1 is breached. While there are other notable levels higher to discuss if we get there, first things first, a move off of R2 to consolidate onto of R1 first is a perfect move for the bulls to signal continuation higher. Here is a chart showing where these levels are coming from: Summary: SNAP's chart looks great, there is a clear path for the bulls if they want to keep this up. Since that is the case, we expect something similar to what is noted on our chart to play out. Meanwhile, we would be skeptical of any price action that didn't at least interact with our levels. After-all, running too hard and too fast could leave SNAP overextended, while not interacting with support would show real weakness. Resources: www.theguardian.com + www.searchenginejournal.com
NYSE:SNAP
by AlphaBotSystem
$NKLA Doubling Price TONIGHT? | Bullish BreakoutNikola and VectoIQ Acquisition Corp. Announce Closing of Business Combination Speculation on NKLA NASDAQ:NKLA doubling overnight if all goes well with this conference. Here's Why: - The combined company's shares to continue to be listed on Nasdaq under new ticker symbol "NKLA" THIS IS HUGE! - Nikola raises more than $700 million through the business combination and PIPE, which includes Fidelity Management & Research Company, ValueAct Spring Fund and P. Schoenfeld Asset Management LP - Raised capital expected to accelerate Nikola's production of battery-electric (BEV) and hydrogen fuel-cell electric vehicles (FCEV) - Nikola's pre-orders represent more than $10 billion in potential revenue - Nikola's hydrogen network anticipated to cover North America; set to become the largest hydrogen network in the world - Nikola adds Stephen Girsky, current CEO of VectoIQ and former Vice Chairman of General Motors Corporation, to its Board of Directors Do not trade this, I am long on NKLA DotcomJack
NASDAQ:NKLALong
by DotcomJack
11
SNAP: A Technical Approach to Snapchat 1W (Jun. 05)X Force Global Analysis: Snapchat had its IPO at $17, and started trading at $24 a share. In this analysis, we take a technical approach to SNAP, and explore its bullish probabilities. Analysis - The first thing we notice is a massive reverse head and shoulders pattern on the weekly chart - It could be said that we are currently in the middle of forming the right shoulder - Within the right shoulder, we have another reverse head and shoulders pattern - The smaller pattern should be interpreted as a bullish continuation pattern, having completed the head - The Relative Strength Index is closer to overbought levels, and the Moving Average Convergence Divergence (MACD) also shows decreasing momentum - Another leg down to complete the right shoulder is necessary for the completion of this pattern - Combining this with Elliott Wave counts, it could be said that we are seeing an Impulse Wave (12345), starting at the bottom of the smaller head - A break and close above the neckline would confirm a bullish rally What We Believe It's important to note that this analysis is a purely technical approach to the stock. Based on certain confirmations of the reverse head and shoulders pattern, we could expect a bullish rally for the long term. Trade Safe.
NYSE:SNAPLong
by XForceGlobal