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Snap

Snap Inc. ForecastCurrently, Snap has broken the potential symmetrical triangle and now has broken the potential falling wedge. While a strong daily close could see this wedge still in play, I see it much more likely that Snap will be dropping to the bottom trend line which has accounted for bounces at ~$11.3, ~$12.3, ~$13.3. Depending on how fast and hard Snap drops, the bounce range could be between $13.5 to $14. Use the trend line as a guide not a set dollar value. It is important to keep an eye on Facebook and other social medias as well. The potential for regulation could invalidate this bottom trend line support if the news gets ugly for social medias through congressional intervention in the space.
NYSE:SNAP
by TheWolfOfST
Play the bounce in SNAP earningsSince its IPO back in 2017 SNAP has been annihilated on every occasion. the price found support in the 11.28 - 16.88 area where it ranged for the since the past 3 months. However, today a shift happened. The first bullish earnings report hit the street. Wall Street likes the numbers especially the user and revenue growth. The stock is gapping up 22% pre-market. Following the recent selloff in stocks which id due for a bounce and the positive momentum from this earnings release, there is a decent probability SNAP will try to go back to its IPO price. Setting up a bid at the first support 16.88 with a stop loss at lower support 15.80 with a target at the 50% retracement of the entire down move, which is 20.36. Overall r/r ratio of 3.22.
NYSE:SNAPLong
by slackercapital
1
$BYOC On Upward Sideways Trend In Anticipation of Filings$BYOC released an unaudited 8-k yesterday in the first of filings to be dropped similar to $ATPT It is anticipated that the move up past the .03 break will be greater than any and all moves it has made so far once the filings have posted as institutional buying pressure will begin to pour into the stock as many and much greater updates will be released afterwards including acquisitions of 3 Big data companies under the umbrella of the company. A .03 break is possible this week as the chart shows a slight upward sideways movement.
OTC:BYOCLong
by StockGuild