Why? - It is losing more money than it makes - It is not growing company based on user - Facebook is adding similar features on Messenger, Instagram and Facebook App See my previous idea on $snap
I see next resistance around $19.80 with it continuing a negative downtrend into ER.
Sector Technology Industry Mobile Application Software Employees 1859 Snap Inc., formerly Snapchat, Inc., is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap.
Overall Uptrend. IN process of bouncing off a zone currently. Maybe a continued up move?
Here we have a nice example of a advanced fork setup. If you know how the swings really, and I mean REALLY work, you know how to place the A/B/C points and therefore, what you can expect. I don't trade this potential downside now, but I will observe until something screams in my face. P!
NYSE:SNAP Snapchat after the ipo entered in bearish frenzy mode, now that structure is broken, for long-term trades it can be a nice engagement. Bullish Crab also at 161% extension already working as it should... Safe Trades;
The second head bang at the CL. is a good indication that we will see price down at the L-MLH. When? Dunno... P!
1. 158 million people use Snapchat every day. 2. User growth is slowing. 3. Snapchat’s revenue skyrocketed in 2016 to $404.5 million. That’s up from $58.7 million in 2015. 4. Snapchat lost a ridiculous amount of money in 2016: $514.6 million. 5. Snapchat sells most of its own advertising. In 2016, 91 percent of Snapchat’s advertising came through direct sales....
Here we have SNAP, respecting the U-MLH and reached the Centerline perfectly bevor bouncing up. This 60min. bar is not over now, but we already can see how price of SNAP reacting at the centerline, the place where price is going in over 80% of time. From here, price could zoom through the CL. or bounce back to it, just to turn and go north. Observing...
You dont have to be a genius to know there are better places to put your money. Investing in SNAP without any knowledge is simply gambling. We have the casino for that. Technical already pointing to the downside and the first move up was from the hype around SNAP. But looking at how profitable SNAP is, it isnt. A company can be good, but that doesn't mean the...
This is a good time to buy Snap stock. Why? True, analysts has valued snap stocks ~$17. It was down yesterday and today it's rising. I hope that's due to the market condition but not because of the Company. The big point is they make themselves as a Camera company. "Spectacles" is "Google Glass" done right. So, they'll make is much better and soon they'll...
What a freaking beast this has been!!! From .01 and she ain't stopping until $1.00 Just like all our other calls $OWCP, $IFAN, $BMXC, $NEWC, $ABHI, $USRM we've called in the past this one is going to be massive, it's on the same level as $OWCP in potential honestly. Riding the bollis breaking out the techs and dropping massive PRs on upcoming pipeline projects. In...
Since this was a high volatility event, I actually drew the following analysis on a one minute chart, but Tradingview won't let me post the idea unless it is on a 15 minute chart or greater, so please excuse the coarseness. First, regarding the Fibonacci levels, the most important thing you can do is anchor them properly, which is as much an art as a science. ...
Introduction - What is BELA? Belacoin (BELA) is a crypto-currency token that considerably interests me just now because it currently has real-world application in the form of a chess game - Bellachess - which is available to download from the Google Play Appstore, and pays out BELA when you win a game. The development team also have the intention to integrate...
AUDJPY daily timeframe shows a rejection off the 61.8% fib level and also a retest of the daily broken counter trendline. Not only this we have a 3rd touch and bounce off the dscending resistance trendline. Looking for a strong downward move with targets at the 80.00 support zone.
The Australian Dollar is on the defensive against is US counterpart once again. Prices have broken below trend line support guiding the move higher since early November, hinting the near-term bias has shifted to favor the downside once again. A daily close below resistance-turned-support at 0.7184 opens the door for a test of rising trend line support set from...