Top Volume Today $SNAPSNAP was the highest volume stock today. Strong uptrend for the last few weeks. I'll be watching tomorrow for a continuation.
Snap
SNAP Gap down - will buy a reversalSnap Gapped down this morning on strong ADX and D+, so i will buy the reverse over 11.50 , that will be sign of continued strenght for the stock, and a nice way to join the trend.
Look at AAPL, did the same thing last week.
Buy stop in place at 11.51
SNAP before 33% fall... The exchange rate can now be a sideways movement. This is indicated by a yellow rectangle on the chart. My assumption is that the exchange rate may go down. This decreasing motion may take up to 7.82 usd.
SNAP - Dont fomo it, not yetGood evening everyone,
Snapchat is being a very active stock last week and now we see why,
Price went straight from 20 usd level straight to 5.00 losing 75% of its value in 10 months, now its recovering and people may rush buying it expecting new highs.
Wait!
As we can see 12.0 level was a previous support zone, as demarcated by green arrows and now rsi is overbough (weekly)
On daily chart we can see snap is in a uptrend sure, but what about that huge volume candle spike with high on 12.02, im pretty sure it did trigger a lot of buy-stop orders on the market right? What do we have now? bearish RSI DIVERGENCE (H4 timeframe).
So whats the point? Dont rush buying yet, wait for a good correction close to the yellow uptrend (h4) or our fibonacci retracement zones (weekly) and buy it cheaper, buy it IF price action show bullish behaviour on this zones (i'll update here dont worry).
Too risky to go in right now, at least for my personal strategy and trading plan
Like? Agree? Leave a like, thanks and have a great week.
Update FACEBOOK: Down on earnings?Careful with Facebook, although bullish I believe there is more downside to come first.
Snap Great Opportunity I Found this Selling opportunity on Snap inside the supply zone consider to take short . We see more people stop using snap chat and market start rallying we can see this a good shorting opportunity.
SNAP - Long term trend reversalSnap is pushing up near the 11.50 resistance level. Has hit this range several times recently building momentum for another potential breakout. In the 12-13 range, there has been no recent volume. There was also a gap down in May that could be filled. Next upward resistance around 13.
SNAP Looking forwardTrend based on low support points and most recent breakout resistance. Potential for retracement into red zone before next breakout.
SNAP - Finally enough millenial rektage?SNAP has thoroughly rekt millenials for a couple years now and finally reached a price where buyers were willing to accumulate down in the $5-$7 range. A lot of people are now convinced that snapchat is dead, but may end up being surprised.
Breaking this angle would have me targetting the volume core of 13-14, with a second target in the $15 range.
Beyond that It will need some time to work itself out and I will re-assess. This may be turn into a long term bullish play.
Bear case:
If we fail to break the down trajectory on this attempt, or simply fakeout above and move back, I will exit and re-assess.
Falling below 9.22 I would not be comfortable longing until it offers a nice setup.
SNAP - dump to $1Looks like the chart just completed an X wave. Of course if the price breaks above resistance line all bets are off, but looking at the health of the market it appears to have bearish momentum.
Snap chat daily AnalyseI believe the market after hit the trend line comes to 7 and then we#re going for 16
let's see
SNAP - Charting the upward velocityUsing a trend based extension, this chart looks at the upward velocity snap has shown around since last ER. The push that sent it past $10 was an analyst upgrade. It seemed to me that they weren't really pushing the advertising platform. The recent announcements about entering the gaming space made sense as they are going to pursue that to bring in the revenue.
SNAPchat rejected its higher trendlineAfter a sharp rise of about 12% the RSI has become highly overbought.
Fundamentals for this company don't look to good with massive losses. Based on this I would say this stock is far from a fair value.
It looks like snapchat started to tumble over. For now I'm eyeing at 7 usd as a target.
Depending on what the general stockmarket is doing we can expect it to either break it (if the indices are bearish) or bounce it (if the indices are bullish)
SNAP SHORT - HUGE REJECTION COMINGSnapchat has ran +141% in 12 weeks. The company has no profits, no user growth and massive debt. They are currently trading at 12x Revenue, for comparison FB is 8x Revenue, Twitter is 8x revenue and both of those companies are profitable and have user growth, SNAP doesn't. This rejection has already begun and got demolished at the trend line from the all-time highs. Daily RSI is also way overbought. Huge pullback coming, very overpriced!
Kylie Jenner is probably right!(Little humour in the title) But more seriously presenting a possible short opportunity on SNAP (SnapChat)! Let me know what you think!
SNAP SHORT - RISING WEDGE REVERSALSNAP HAS BEEN UP 93% IN 8 WEEKS. THIS RISING WEDGE REVERSAL WILL DUMP THE STOCK TO A MINIMUM OF AROUND $7.50 BY THE END OF MARCH
SNAP SHORTSnapchat has now went on a greater than +90% in the last 8 weeks since December 24, 2018. It is more than due for a pullback as it has rejected its 200D MA. Also, its recent move after earnings mirrors an 8 day period at the end of October where it ran up before the vast decline. For these reasons, I expect Snapchat to be less than $7 by the End of March.
