Bearish looking pennant has formed since Feb, but the volume looks constructive for at least one more upshot at 40s. One of the better looking growth charts...should money rotate into growth names at some point. Trend is clearly down, and price below all key moving averages, so bears have control until picture changes. Break below could test 25, which was the...
For the next month SNAP will find the bottom, but close the recent gap first In Juli a new bull run will begin
SNAP has had quite the pullback with a lot of other names lately. The areas in green are areas of monthly demand where a long position can be built. Currently we are trading into and just above the first major area and also within the Market Maker Discount zone.
Have you ever asked yourself why Musk is migrating to Twitter? Tesla is gone... A year from now and it will be trading below $200. The channel broke today and it needs a SHARP pull-back in next 3 days to survive, will that happen? No...
I'm not sure what will happen with earnings tomorrow, but even if it's positive, the highest that I see snap going is to retest the top of the bear flag around $40-41 (or on an extreme move, a wick to $43). After that, I think it sets up a reset of the RSI to fall lower. I think we'll likely see $SNAP in the $14-22 region over the next few months.
Snap Short Term - We look to Buy at 13.20 (stop at 10.72) This stock has recently been in the news headlines. The CEO reported the company will likely miss its own revenue and earnings targets. Broken out of the triangle formation to the downside. The measured move target is 13.00. We expect further downside to the measured move target zone. We therefore,...
Snapchat has produced some interesting price action. It can be seen falling and acting *sticky* to the Fibonacci circle. It just looks nice doesn't it?
If you haven`t sold SNAP at $32: Then you must know that tomorrow will be close to our price target of $16. SNAP just warned that it expects Q2 revenue and EBITDA will fall below its previous low-end guidance from last month! Looking forward to read your opinion about it.
Snap Short Term - We look to Sell a break of 26.32 (stop at 29.92) Trades with a bearish descending triangle formation. We look to set shorts in early trade for a further test of the fragile looking support. The bias is still for lower levels and we look for any gains to be limited. The medium term bias remains bearish. Our profit targets will be 18.18...
NYSE:SNAP is going up next month, so whoever wants to invest in it or was waiting for the right time to buy, now it's the right time to do so. Invest with your eyes closed as the price will surely go up the next month, which supported more by the NASDAQ and S&P 500 bearish run end, and it might even break the trend pattern and the 0.236 Fibonacci resistance zone...
On 2022-02-14, SNAP largest shareholder, PRICE T ROWE ASSOCIATES INC, reported the selling of 17,607,412 shares. MORGAN STANLEY also sold 4,061,262 shares and BlackRock Inc. 519,482. I am thinking to buy the 26.50 strike price puts expiring April 29 for $1.61 premium. Looking forward to read your opinion about it.
$SNAP Key Levels, Analysis, & Targets So both the weekly and the daily chart are signaling a move lower. It’s WILD to see how over-extended our market became with all of the free money floating around, and now to watch it contract back down…. I have my alerts set for the next two levels down. There is a little bull gap there that might catch SNAP, but if...
NYSE:SNAP is presenting an adequate sell level with a great potential . All Requests Suggestions and Remarks are Welcome Fervently brought to you by ManhattanStocks
Looking at the SNAP chart i can see a double bottom with a price target at the next resistance level, $49. Looking forward to read your opinion about it.
There are many possibilities that could happen here, but it does not matter what occurs since it will all be the same. we are still in a range but the directional bias that i assume is bullish, thus volume should increase on rallies and decrease on reactions. We will most likely see more bullish action after a major low or a ST has been tested.
Snapchat looks like it will be in a corrective phase for the next year. It may be worth a swing trade at $20, where the longterm support trend line lies, but longterm it should test the $13 range which coincides with an open gap and the .786 retracement of this larger degree 3rd wave.
-Waiting for a pull back to around 34.93 levels -if there is no pull back and we head straight down to the gap I will use the set up to my advantage and scalp on the way down -Looking to go for 1-2 weeks out maybe more for options
SNAP bounced from support @ $35.15. Price is attempting to break above the 20 MA (30 min. timeframe), as well as the descending channel, before it can target the upper range again @ $41. If the bottom support of this range ($35) doesn't hold, there is a pretty large gap to be filled down to $26.