Strong signal to buy on SNAP STOCK !Hello everyone, according to my chart analysis of SNAPCHAT stock, I recommended to keep in portfolio, because SNAPCHAT stock is showing a strong buy signal this coming weeks.
Snapchat
SNAP SWING TRADEBeautiful inverse head and shoulders pattern on ticker symbol SNAP. Possible 50% gainer here. Not investment advice.
Snap staged for a reversal?Snap has been trading mostly within a falling channel on the daily chart since Oct. 22. A falling channel is considered bearish until a stock breaks up from the upper descending trendline of the pattern.On Thursday, Snap was attempting to break up bullishly from the falling channel. If the stock does so, it will regain support at the 50-day simple moving average, which would mean longer-term sentiment has turned bullish. Snap began the trading day with an inside bar but quickly broke up above Wednesday’s highest price, which in Snap’s case caused the eight-day exponential moving average (EMA) to cross above the 21-day. Snap has resistance above at $43.26 and $47.92 and support below at $39.96 and $37.35.
SNAPCHAT STRONG BUYWe waiting the price go to 20.00 and when up to 25.00 that's point for entry, so we have some target and set it one by one . Every target we can get our profit or wait price up to 80.00 the last target !
SNAP | Short the greed Opened a short position just before market close and holding for a swing. Expected target is the next zone at the bottom but I will trail my stop as SNAP drops further.
Mobile Telecommunication Company Mobile Telecommunication Company Saudi Arabia, I don't recommend keeping this stock in your portfolio
SNAP DESCENDING CHANNELSnap has been in a downtrend and with the recent earnings it has Snapped back into the descending channel. If we see a (Break Out) it will most likely be a fake out. Starting a short position at this level, Stop loss is if the weekly chart shows Bullish trend reversal. Profit take at $34.52
SnapChat (NYSE: $SNAP) Charging Up The Chart Pre-Market ⚡Snap Inc. operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application with functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures video from a human perspective; and advertising products, including AR and Snap ads. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California.
SNAP: WHERE IS THE RESISTANCE AND SUPPORT?Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Snap Inc. (SNAP).
The chart is self-explanatory. Death cross on the 1D chart recently occurred. RSI is above the resistance line with a possibility for a re-test. MFI is at the resistance line with an attempt to break out. SNAP's price touched the 0.618 Fibonacci Retracement level before coming back down. It will need to break the 0.618 and 0.786 level to continue the rally upwards. There is resistance with the EMA Ribbons and the top line of the Descending Broadening Wedge. Volume has picked up. Please review the chart for the remaining notes.
Included in the chart: Trend line, Support and Resistance Lines, RSI , MFI , Death Cross, Simple Moving Average, Fibonacci Retracement, EMA Ribbons, Volume.
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I have additional charts below on cryptocurrencies, stocks and more to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
I hate snapchat but it looks like it has upside from hereafter this latest earnings and buying it appears to have upside and potentially a reversal
$FB enter the metaverse*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today my team will dive into Meta Platforms $FB formally known as Facebook. Its stock price began declining September 14, 2021 when the company experienced scrutiny concerning unethical practices. Another company that has received similar treatment in the past is Google $GOOGL...they are now at all-time highs.
$FB recently began what looks to be a reversal on October 28, 2021 when the company announced a change in their name from Facebook to Meta Platforms. They stated “Our company’s vision is to help bring the metaverse to life, so we are changing our name to reflect our commitment to this future.” Price has since increased from $308.11 to $345.30.
My team holds no positions currently, but we plan to begin accumulating shares tomorrow morning. $FB share price may experience a temporary boost due to hype before earnings. If this occurs, my team will more than likely sell our shares before the release of earnings. Our reason behind this is that we think $FB earnings will not reflect a hyped up share price. The metaverse still needs time to mature before $FB can see any substantial growth from it.
Earnings are expected to be released January 23, 2022, but this date is subject to change.
Entry point: $345
Take profit 1: $420
Take profit 2: $460
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SNAP Inc. a company with Debt and Negative free cash outflowIf you haven`t sold SNAP at my call here:
Then you should know that a strong support volume area is between $12 to $18.
I expect to touch that area after the earnings call.
SNAP still not profitable | Buy areaIf you missed last Friday`s 28usd price per share, close to the 2017 IPO opening price of $24, then, after a bounce from the oversold area, once interest rates will go higher, i think we can still see it in the 18-25usd range.
SNAP is still unprofitable 4 year after its IPO.
It is trading at 19.5 times its 2020 revenue.
A worthy multiple would be let`s say 9-10 times revenue.
Looking forward to read your opinion about it.
SNAPCHAT We waiting the price go to 20.00 and when up to 25.00 that's point for entry, so we have some target and set it one by one .
Every target we can get our profit or wait price up to 80.00 the last target !
$SNAP - Approaching the Disastrous GapThe $SNAP chart looks horrifying. It's quickly approaching the downside gap, which is nearly 20% wide.
Based on overnight futures action, this is a prime short candidate leading into tomorrow.
KNOWLEDGE ECONOMIC CITY, KNOWLEDGE ECONOMIC CITY, I don't recommend keeping it in your portfolio, probably we will see a downtrend in the next few days.
RIYAD BANK,take profit and wait probably, it is time to take profit, maybe we will see a downtrend this week and after this week,so I advise to take profit right now even the market is uptrend but we can not risk what we gain, trust me just take profit and wait for what is next.
professional trader advising you,
SNAP, 14 Jan. The End is your Friend.Snapchat has lost -54% from the highs in September, but there are signs of a (local) reversal. Let's see if we can pick up SNAP here.
Geometry:
Connecting the tops we can draw a channel. The median is confirmed by price action. SNAP approaches the bottom of the channel where we can expect a potential bounce. The green trend line gives an element of confluence.
Elliott:
We are able to count an unfolding ABC with wave v (in green) to be completed. The 38.2% fib level is below at $34.
Oscillators:
Stoch is oversold and due to move up. RSI has been in the oversold since Oct. and could retrace.
How to trade it:
The area between the 38.2 fib and the channel bottom gives us a good risk-reward ratio to speculate on a reversal. Because the area is large (34-37) we may choose our entry based on a candlestick pattern (reversal doji) or slingshot method, to have evidence of bulls stepping back in. Below 33 the idea is likely invalidated.
SNAP Potential Triple Inverse H&SEither a triple inverse H&S occurs, or the blue oval above the channel acts as a support and price reverses at this point.
Above the channel is a good entry point, betting on a reversal.
Would be nice to see a clean triple inverse H&S although
Snapchat potential short setup. High timeframe so this could take several months to even get back to the gap fill but very nice high RR on this if it comes to daddy. Classic bearish island top into potential H&S as per Edwards/Magee.
SnapChat Go Trade: Long.
Ticker: #SNAP.
Why: Near to chaos Line.
Chaos Margin: 11%.
Stop Lost: 51.02
Enter Price: market price up to 53.10
Target: 62$
SNAPI really like this ticker
Its so smooth always
The WAE is coming down to turn up green
Rsi is on lows from earnings
Its on sale from the earnings, $SNAP at these levels is exciting to me.
