Sellers are extremely heavy on this stock and I would recommend finding a supply zone and entering short on this stock. The company itself is losing users.
I'm part of Gen Z myself and see myself and my friends using Instagram way more. Not even that, Snap doesn't have the hyper targeting that Instagram can do with the power of Facebook. Instagram is so much...
after today's fall of Facebook stock
and as the chart is possibly showing upside movement of snapchat
we could be witnessing a fall of a stock and a rise of another ( reminds me of the book : good to great )
There is an amazing relationship between Twitter and Snapchat. They both have had great earnings, TWTR will most likely correct itself this next week, while SNAP will remain bullish. Watch the integration of Bollinger Bands, I feel could mean a possible adjustment in their relationship regarding price. Also, about Twitter, I love this app and will take it long...
I really like the bull pennant emerging in NYSE:SNAP . SNAP is one of my favorite stocks on my watchlist. The relative strength from SNAP is enormous in both up and down days. Expecting this one to go higher soon.
SNAP is mostly overlooked by many traders, which can give the share price an extra impulse once the price rises.
Breakout over $13.24
Resistance: $13.38
(Trade this on 1Broker in my signature link for no-fees BTC-settled markets with social trading)
Snapchat dumped ~40% on earnings call for a reason. Now there's some murmurs going around about a partnership or an announcement or some nonsense and price has recovered.
Charlatan analyst groups like Citron are calling for $17 and if you read their research, it's...
SNAP, INC has been on a steady decline since it hit the market. In a period where the tech sector has been performing well despite recent market shocks, SNAP has not been rising with it's tech cousins. The company has also had some trouble from a recent redesign which upset users as well as some other internal issues.
We are seeing a rise from the $10.00 handle...
NYSE:SNAP , 4h and 1D close about key resistance can skyrocket SNAP higher (high short interest). Resistance at $12, next target at $14 (20%). No 4h candle close above $12 = no entry.
The Citron report will add some fuel for the longs: money.cnn.com
If you've followed the calls made by Citron lately (e.g. short NVDA W SHOP etc.), you'll know that there is big money to be had doing the exact OPPOSITE of what he calls.
Today Citron made a call for a SNAP long, targeting $17.
The play:
Get in, make a quick buck, get out. Be disciplined and don't get caught out by a short squeeze.
Signinficant trendline support reached as the company earnings report is due by tomorrow, we can see some correction to the up from here.
Trade: Buy SNAP 14.00
TP1 15.60
Tp2 16.30
SL Daily close below 13.65
Very nice trade set up to get rich in a snap. ;)
Earnings report on 5/1: If positive, I can see it spiking up as it did in Feb after earnings report.
If negative, Stop loss at 13.40
I'm not a professional, this is for self educating purposes only. Feedback welcome!
"Be kind whenever possible. It is always possible." -DL
SNAP if forming a Double Bottom and also have a strong support zone and also at RSI now oversold.
For everyone that is interested to invest on SNAP in Long or Short term the entry is 13.81$
-For Short term: Exit at 12$ and profit at 20$.
-For Long Term: Exit at 11$ and profit at 28$
Spotted a Bullish Pattern, the Flag pattern it forms when two parallel lines encompass the market. The pattern is seen as the market is potentially just taking a "breather" after a big move before continuing its primary trend. The Big move is the jump in price in February. First idea so don't crucify if wrong. Plus there update on earnings is being released on the...
Looking at the weekly time frame. Snap has made higher highs, and most recently higher lows. The line of least resistance is towards the bullish side. The earning report is on May 1st, 2018.
Which side are you on?
