In a revealing development for traders, SNAP stock has formed a distinct head and shoulders pattern over a 1-week timeframe. This classic chart formation, often indicative of a potential trend reversal, suggests that investors should brace for possible changes in the stock’s trajectory. With the pattern now complete, market watchers will be closely monitoring...
#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...
Looking at the options chain today, i would buy the $15 calls with
2022-11-18 expiration date for about
$2.55 premium.
Looking forward to read your opinion about it.
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.
My buy zone and target for Snapchat. I think Snapchat is in sometype of bull flag or wedge. I believe it'll have another run up soon.
(Not financial advice)
Twitter got dumped when Trump called them out and it just rebounded like a monster. Snapchat bears looking to take this down at the open but what they don't realize is that they criticized Trump after the close. Trump won't have time to criticize Snapchat after all the backlash that he got. Bears will get squeezed and take us to IPO open price and beyond. Inverse...
If NYSE:SNAP closes in an upcoming day above the 18.5 (RED) , it would likely continue up to the 20-21 area (GREEN) .
If it closes considerably above the 20-21 area , it would likely continue up to around the 27-30 area (BLUE).
The Triangle coloured in grey would serve as support area along the way .
