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Snap

Oh Snap! Going downSNAP looks bearish as fuck 4HR and my honest hope is the price holds just long enough into open that I can score some cheap 5/3 and 5/10 puts. Better yet, the price spikes slightly to 11.30 and sells off from there. Okay, so let's break it down. Bear flag, clear as day. Other notable mentions would be rising wedge, rising price on declining volume and momemtum exhausted. Also, number of watchers on Stocktwits is at 97,897 with a shit ton of posts from retail bagholders swearing the price is going back to $12 TOMORROW. LOL, sorry kids but no. You're going down. But you can buy some puts and enjoy the slide down. Say it with me! WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEeeeeeeeeeeeeEEEEEEEEEEEEE!!! Oh, also from what I've read, this stock is a total POS and is the poster child for zombie companies. Companies that plague this stage of the business and credit cycle, propped up solely by super cheap and available capital.
NYSE:SNAPShort
by jdharward
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.
NYSE:SNAP
by MarcelMartins
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.
NYSE:SNAPLong
by Carlito101
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)
NYSE:SNAPShort
by WolfRam_Beta