My buy zone and target for Snapchat. I think Snapchat is in sometype of bull flag or wedge. I believe it'll have another run up soon. (Not financial advice)
Stimulus talks gonna cancel this tech bull run as the fed has avoid more support unless Congress passes another package. Not financial advice
Just putting this out there... potential channel on SNAP... Either retest top of the channel and go parabolic, or lower high and double top for a trip to the bottom of the channel.
NYSE:SNAP has formed a double top from July levels. This stock could see some pullback with the growing popularity of NYSE:TWTR and other social media platforms like TikTok. I see downside of 24.79, which is a strong pivot point, heading into the earning's report and if EPS is a bust it could quickly move down to the neckline formed in August at 20.81.
Pseudo inverse head in shoulder (re-accumulation like pattern). AUD has broken out above the top descending trendline. Buy signal already triggered. Significant move higher if price manages to break above the 38.2% Fib level and retests it and successfully holds. Measured move target to 0.084 SGD, which sets a higher high, establishing a longer-term...
Testing all time highs with positive momentum on the macd growing... looking for a test of the 1.68
Snap 4hr Chart I am shorting SNAP here and will start to get calls to long when it gets closer to my support zone at 22. I am playing this Handle down and will get calls on the breakout of the Handle to complete the cup and handle!
If you caught this movement when i posted you should be up big! 26 is my PT but wall street analyst upgraded pt to 28 so could we see more? Keep in mind we have a gap down at 24.70 so once we hit those new week highs expect a pull back!
SNAP PT upgraded by Wall Street analyst to $28... waiting for breakout of this ascending triangle! also another stock to add shares for long term portfolio
$SNAP Channel Support Long $SNAP has formed channel up & is testing lower band of channel. If support holds, go long for retest of highs at $26.50. One of my favorite basic strategies is relative performance. $SNAP has been a clear standout since September 3rd (first day of correction) - $QQQ is down over 12% while $SNAP is up over 3% (and at one point up 10%)....
snap sell time to 24.5 4h candel over 26.5 we will see NEW ATH at 30$ good luck
Market likes to create symmetry. Depending on which wave you think we are on, SNAP should either be making its way up to $28 or heading down to around $19 which is a major level of support. waiting for market action is a crucial part of this. For some reason, I anticipate this to not be the end of this insane run up before we crash.
$SNAP Downtrend Continues - Unusual Bearish Options Activity Expecting one more leg down in this recent downtrend. Unusual Bearish Options Activity Today: 30k $21.00 strike (OTM) November 20th puts traded today vs open interest <200 for a total premium outlay of $4.1M Near term target: $20.00 by mid October Stop loss: $25.00
Looking at SNAP it's been gaining some steam in the past months, Seeing more than 200% gains off the March lows. Not only that, but arch-rival FB has been in hot water all year and there's concern about their business being broken up to prevent monopolistic practices. Is this an opportunity for SNAP? Is this an opportunity for you? With that being said, a strange...
Quite simple, here. The SNAP monthly chart is a gigantic print of an inverse head& shoulders and should it trigger with a monthly close above the $24.50 level, that could a highlight a pivot indicating a bullish path ahead. Full disclosure: I have a starter in SNAP calls dated Jan 2021 and Jan 2022.
Looks like a good risk/reward play. Long term support has held in a falling wedge after a run up from its March lows. I will start scaling in to long term calls.