Snap
That Snapback - SNAPMeta looks ready to rally and Snap maybe even more so, Sitting here with daily bull divergence at strong support. Target would be around 20-22 from here. I'll add some to my cash accounts. Stop would be 9 dollars.
Social media stocks look ready to bounce, no idea what the reason will be. I guess we'll see if that's true soon. Good luck!
The Meta Beta - MetaStill looks good for META here and SNAP as well. Markets need to rally from here, but even if the markets are weak, META and other beaten down tech may bounce anyway. Weekly bull divergence should not be ignored, also holding trend (see below) from previous falling wedge structure.
$snap could go lower to $5 before growing 800% in next years?Lower before going higher? Thats what Im trying to figure out. Snap has growth going forward in the next years according to analysts. Its just this inconvenient thing called the rest of the economy. Advertisers are cutting back this year. How long will that continue for? And what will the fair price for snap as a company be then? Im a fan of this company for the next decade. It just has to endure the correction slow down me thinks.
WIX -WW- Potential Dual BreakoutNASDAQ:WIX
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All,
Been AFK for quite a while didn't trade much since December just converted to cash after a few medium L's around Jan.
**I think an obvious disclaimer here is this is contingent on the market/war/fed data not being bad after this. Too fragile right now.
On this one I think we have a really good Supply/Demand area and possible breakout. Pretty decent fundamentals overall. I would be looking mainly for an options play w/ cover or just stock.
OPTION #1 --- BREAKOUT
**Only would take trade on retest of breakout.
Target 1: 110
Target 2: 122
Target 3: 134 unlikely without news/huge market news.
OPTION #2 --- WEDGE PLAY
Assuming breakout fails and it may. I am going to most likely buy the bottom of the wedge/triangle seeing as its a pretty great spot for demand.
TWTR UPTRENDING DESPITE EARININGSNYSE:TWTR
has been running for 4 weeks with a RSI now over 80%
By comparison, META is sideways.
Musk just liquidated $6B in TSLA to fund a contingency
in case the court forces the contract to purchase at $54.20
www.cnbc.com
This may cause buying pressure at the present price
far below the contract price. Potentially a short
squeeze could augment the price action.
This may be a good time for a long entry on TWTR.
$SNAP Long TradeHolding monthly VWAP's lower standard deviation band...monthly VWAP sitting at $11.71 currently. Big earnings tonight from %AAPL and $AMZN which could definitely change this in a hurry but for now, as long as we see the lower band hold at $9.48+ then over the next week or two could see a squeeze up to mid $11s before retracing lower trying to find more support.
Zooming out on the weekly chart Century VWAP's lower standard deviation band rests at $6.85 which granting a failure and rejection around $11 I would expect to eventually fall to that level to test the lower band.
For reference each level of century VWAP has served as an important support area since the beginning of this years fall ($43 and $25 +1 STDV band and Century VWAP respectively).
Good luck traders/investors.
SNAP/USD 900% Potential in Long term But -30% more dip possible #Snap/USD Technical GAP Chart Analysis:-
$SNAP currently trading around $10 which is -38% Down in past 24 hours.
It’s very Big Dump in stock Market.
And $SNAP already -88% down from Recent All time High within 10 Months.
It’s also Bear Market for $SNAP Chat.
As Per GAP Chart Majorities all GAP has been Full filled but 3 GAP still pending.
2 GAPs are Upper side and One GAP is Down side.
Upper side GAP = $21.71 & 73.89
Down side GAP = $7.05
So IMO $SNAP may test $7.05 level which is Another-30% from current price Level.
But this is also Best Price to start Accumulation for Long Term.
Accumulation Zone:- $7-$10
Targets:- $21/$40/$55/$73
$SNAPAll Time Low Price is = $4.82
Below this Price we can see free fall and Exit Point also if Price down from $4.82
Risk and Reward both are High…
Reward = 9x
Please Like and Share
Buying The Snap (SNAP) GAPYesterday, SNAP posted a negative earnings report that missed both the top and bottom lines. The overnight was devastating, as SNAP surrendered more than 30% of its marketshare.
Now, there is a key area in view:
GAP, $11.90-$11.11
Here's the trade:
1) Ahead of today's close, buy from $10.00
2) Profit target @ $11:50 within the GAP
3) Stop Loss beneath today's low @ close
This trade is a bit risky and requires holding over the weekend. However, given the selloff, we are likely to see a test of the GAP early next week.






















