The S&P 500 has taken an unfortunate turn as abysmal Snapchat profits have taken a turn for the worse and the stock has plummeted naerly 25%. This took down other social media stocks with it, some of which form a formidable component of the S&P 500. We were seeing support at our level at 3676, but the selling momentum has taking us down to 3645, where we are...
Another victim of higher rates, fickle consumer behavior, and a disconnect from reality. All avoidable, of course, if you kept your wits and traded with discipline. The break of 10.03 (RED) spells the likely end of bullish dreams. S/R's guiding the way, as always.
If you haven`t sold SNAP here: Looking at the SNAP Snap Inc options chain, i would buy the $12 strike price Calls with 2022-11-18 expiration date for about $0.74 premium. Looking forward to read your opinion about it.
Snap - Intraday - We look to Sell at 12.71 (stop at 13.91) Price action continues to trade around the all-time lows. Price action continued to range between key support & resistance (10.00 - 12.80) and we expect this to continue. The bias is to break to the downside. Daily signals are bearish. We look for a temporary move higher. The primary trend remains...
Meta 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!
Still 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.
Buy low sell high. Seems like others might be doing the same. REALLY intrigued to see if SNAP will make it out of the 80% hole that it's in from the selling.
Snap had a monster day after CEO made positive comments. Snap is still massively oversold from its all time highs, but still slightly expensive for its earnings expectations.
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...
SNAP could be correcting to all time low before the bull run Buy in October at 5
NASDAQ:WIX ------- 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...
NYSE: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...
Mkt cap $16.8B Bullish divergence Price $10.10 (AH 08.09.2022) Target $13.79 Stop loss $9.34 IMO
Snap has been getting killed since Sept. '21, if you believe in this stock long term, the buy area is $5-$8 is a great area build from!
SNAP long downside is to 8 bucks upside is to 20 We have some bull div building It's unlikely to go much lower than 8 First upside target is 20 I don't think 50 is impossible GRI 2022 NOT TARDING ADVICE
Holding 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....