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Snap

SNAP, 14 Jan. The End is your Friend.Snapchat has lost -54% from the highs in September, but there are signs of a (local) reversal. Let's see if we can pick up SNAP here. Geometry: Connecting the tops we can draw a channel. The median is confirmed by price action. SNAP approaches the bottom of the channel where we can expect a potential bounce. The green trend line gives an element of confluence. Elliott: We are able to count an unfolding ABC with wave v (in green) to be completed. The 38.2% fib level is below at $34. Oscillators: Stoch is oversold and due to move up. RSI has been in the oversold since Oct. and could retrace. How to trade it: The area between the 38.2 fib and the channel bottom gives us a good risk-reward ratio to speculate on a reversal. Because the area is large (34-37) we may choose our entry based on a candlestick pattern (reversal doji) or slingshot method, to have evidence of bulls stepping back in. Below 33 the idea is likely invalidated.
NYSE:SNAPLong
by UnknownUnicorn12250317
SNAP - opportunity for some nice gainsBack when SNAP reporting earnings and had the miss due to the change in policy by APPLE with limiting how SNAP could market to it's clients i thought it was an extreme over reaction as the price literally fell off a cliff when i went digging into unusual whales i found very large call option bets placed out for end of NOV exp which seemed like they placed those options trades to collect premium only, as it was a multi leg strategy it also had very bullish call options included with some of the premium amount for a total option contracts totaling 1.3 million i tweeted out the chart weeks back stating i felt the price would remain in the colored box until those options expired so they could collect the premium and we would potentially see a jump back in the price action looks like we are closely approaching this coming to fruition, def should be a play to keep in your watch list
NYSE:SNAPLong
by Stock_Hustle21
Snap Inc. operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application with functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures video from a human perspective; and advertising products, including AR and Snap ads. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California. Below Fair Value: SNAP ($62.97) is trading below our estimate of fair value ($69.26) Below Fair Value: SNAP is trading below fair value, but not by a significant amount. REWARDS Trading at 9.1% below our estimate of its fair value Earnings are forecast to grow 73.7% per year Earnings have grown 12.8% per year over the past 5 years Risk Checks Fail Has there been substantial insider selling in the past 3 months? Significant insider selling over the past 3 months Fail Have shareholders been diluted over the past year? Shareholders have been diluted in the past year Pass Are they forecast to achieve profitability? They are forecast to become profitable over the next 3 years Pass Are revenue and earnings forecast to grow? Earnings are forecast to grow by an average of 73.7% per year for the next 3 years Pass Are they in a good financial position? They have sufficient cash for at least 1 year of operations Pass Is their dividend sustainable? They do not pay a dividend Pass Is their share price liquid and stable? Share price has been stable over the past 3 months Pass Do they have sufficient financial data available? They have sufficient analyst coverage Pass Are there any concerning recent events? No concerning events detected Pass Do they have meaningful levels of revenue? Revenue is meaningful ($3B) Pass Do they have a meaningful market capitalization? Market cap is meaningful ($123B) Pass Do they have negative shareholders equity? SNAP does not have negative shareholders equity.
NYSE:SNAPShort
by Skinwah
1
$SNAP Weekly buyers need to step in here...I think they willSnap recently loss the 50EMA on the weekly but is trading at two important support points - Upward trend line and volume shelf support. Watch for possible more downside to $50 zone, were I would want to see buyers defend here and push back to $60 zone target. I'm in DEC $60 calls down -20% will exit the position with a close below $50 this week. I like the decrease in volume as sellers seem to be exhausted at this point.
NYSE:SNAPLong
by FriscoTrades
2
SNAP is where you need it be $SNAP price fell about 35% last week over earnings report. However this is just one more occasion the market is overreacting. Technical: We seeing support at $52 mark with a liquidity range just below at $48.5. This give a potential right-angled broadening formation. Typically this type of patterns have a 68% strike performance. The purple and green lines are the possible path the market/price could move/ take. Action: Buy first lot at $52.4. if the market is gracious enough to give 48.5 .. buy a second lot your first TP should be anywhere the price touches the red trendline (60.4- 63.6) Goodluck!!
NYSE:SNAPLong
by lexcel
Do Social media Giants find their support level?As you can see in these charts, social media giants have experienced a 20-46% correction in the past 2-4 months! Now it seems they find their primary support level and may experience a 10% upward move in a short time. Opening a long position at these levels seems low risk, however, privacy issues may cause lots of problems for these companies! Looking at their earnings shows disappointing results and this could continue for a while! Meta (Facebook) has made a huge move and changed its name! Those who are familiar with branding know how big this move is..! Be careful with PINS earnings today! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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by Moshkelgosha
9