SNAP, one of those company doing new things, that kind of things we have no idea how they do it, but it looks funny to share a goofy pic with your friends. But the question is, how do they make money in the short and long-term? The truth is, you can't expect to make a profit just because of the number of users if they don't pay for. Even more, if they're mainly...
A silly bet I made with my friend turned into an extremely profitable venture with SNAP down every week since July. Looking to buy more and continue to hold put options with $5 strike expiring Jan 2019. As long as there is no trend change on the weekly Ashi candles, I will continue to hold this to expiration.
Don't get it twisted, I absolutely hate this company and their product. But there is an opportunity setting up for longs at swing low around $7. Good risk/reward setup here with it being more than 40% below its 200DMA. Gun to my head I think it sees $10 before $5.
Facebook lose 20% since the highs... Twitter and Snapchat clear have problems with making money...
Facebook i still do not recommend a buy atm, maybe soon until than wait
Twitter and Snapchat clear downtrend. When they stop?
This company is burning cash and will continue burning for years. IF a recession hit USA the stock price of this market will be ZERO. It will not attract even a single ad buyer and burning cash will double
Snap continues on its down trend despite what looked like a second wind last week. Look for break of $8.90 resistance on hourly chart to send this further down. $9.56 will constitute a firm reversal.
Wanted to know what you guys think about my chart analysis on SNAP. Been learning how to read charts and think that the stock price could head up from here.
WK Supply drawn in a previous post was triggered for a short and played out perfectly.
Price is now printing all time lows, down trends on the 3M/MN and WK time frames.
New supply zones forming on all of the higher time frames. At this point I won't be taking any more shorts unless there are very obvious supply zones. I am very cautious when it comes to shorts...
Trading at all time lows
broke two levels of support
long red candle
break down of support w/ accompanying volume
A sustained break below $10 and it can get very ugly
We are expecting a test and possible break of a bearish trend line, this will see a bullish trend.
The reason we are suggesting a bullish movement and break of trend line is because we are excited about Snapchats plans and recent earnings news.
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Snapchat's first hour shareholders did not have much to laugh about since going public. Already 50% of your entry price has given up the stock and it wants to pay no strength so far. It is therefore still too early to buy in, because others should fight the way free. If these are successful, then we like to jump on the moving train and use the correction of a...
