Snapchat was sold $18 as 95% of Wall Street raised price target to $24 Snapchat was upgraded to Strong-Buy at $5 when 100% of Wall Street had Strong Sell ratings Refer to the previous chart
short in levels and following price..
I am not claiming this will be the exact outcome, but I can say I surly believe Snapchat is once again over-valued and it will continue to fall into the end of the year. I expect to see $12 again even towards $10. They had their little recovery and hype, but the truth still lies ahead and people are not using Snapchat like they did before and it has gotten worse...
Riddle me this Batman... You have money to invest and some turtle necked thick circular rimmed glass wearing hipster meets you in starbucks for a triple mocha frappe Mexican soy bean decaf expresso with cream and pitches you his great investment opportunity... "We are a company that IPO'd last year and our share price has fallen by over half since IPO, we have...
Overall bullish, respectable channel, large swings within it. Bought Snapchat as it seemed relatively unaffected by the Aug 5th dip which seemed bullish. However, unlike AMD and FSLR this was not already low on the RSI and is now happily swinging low according to the trend, or maybe a more delayed reaction to the overall markets, so perhaps I should have waited...
After disappointing IPO, Snapchat fell to $5, practically crossing to penny stocks territory. Investors kicked in to buy cheap stocks and the price rallied. That seems like the end of wave C and now the new wave count started up. Wave 3 seems like over, now waiting for the wave 4 to complete before buying in again to catch the 5th. After very good Q2 earnings and...
Refer to the previous chart
Chart shows massive downtrend approaching once support breaks, good time to take out a nice short IMO.
snapchat was upgraded to strong buy at $5 when wall street and 100% of investors were bearish saying that was going down to $1. Today there are upgrades in Wall Street to $23!!!! The world has changed :)
Two bullish flags have been raised. We could potentially see another. Technical analysis RSI(10) @72 reaching for higher highs. OBV confirming at its peak for 2019. CCI(20) @115 - Could potentially reach 240 for bounce Resistance @$17.8 / Support @11.5 Fundamental analysis On a fundamental basis, I don't think Snapchat will do well long term....
Bullish Kumo Twist on 5 year view. price is now above cloud. Once the Tekken and Kegan (or however you spell it) break cloud its is official. Fundamental analysis: I dont know one person my age (22) who does not use snapchat on a daily basis Legit companies have begun spending more with snapchat ads Snapchat is seen as less saturated for businesses looking to...
Traffic on this app is increasing day to day, the summer is the best time for recording sh*tty vids and show it to friends, do you still doubt? Resistance ~ $17.5 Support: Trend Line Golden Cross EMA 20&50 Lines Enter ~ $12.5 TP ~ $17 Stop Loss ~ $11.5 GL!
anticipating a dip sooner than later but the trend is your friend with this one. Posted a little while back the range this found itself in and as we trended closer and closer to the upper resistance - the news of interest rates was the extra fuel we needed...Looking for $14 still. GLTA