For the next month SNAP will find the bottom, but close the recent gap first In Juli a new bull run will begin
After a successful reversal off of a 13 count, we have reach a long target zone. Waiting for confirmations on smaller time frames before entering any trades, it is very volatile.
I'm not sure what will happen with earnings tomorrow, but even if it's positive, the highest that I see snap going is to retest the top of the bear flag around $40-41 (or on an extreme move, a wick to $43). After that, I think it sets up a reset of the RSI to fall lower. I think we'll likely see $SNAP in the $14-22 region over the next few months.
Snapchat has produced some interesting price action. It can be seen falling and acting *sticky* to the Fibonacci circle. It just looks nice doesn't it?
INVESTMENT CONTEXT Equity markets took a breather on May 23, as operators reacted positively to U.S. President Biden commitment to review Trump-era tariffs imposed on China Accumulated gains are now being quickly given back, as futures on May 24 point to red territory for both S&P 500 and Nasdaq (dropping 1.21% and 1.88%, respectively). Snapchat (SNAP) in...
If you haven`t sold SNAP at $32: Then you must know that tomorrow will be close to our price target of $16. SNAP just warned that it expects Q2 revenue and EBITDA will fall below its previous low-end guidance from last month! Looking forward to read your opinion about it.
- almost at 3 months demand zone -i think most retailers would be stopped out, i guess 😅 -other stocks seeing the same thing happen (ps: longterm) letsgooooo!!! just my opinion 🕺🏻
Snap Short Term - We look to Sell a break of 26.32 (stop at 29.92) Trades with a bearish descending triangle formation. We look to set shorts in early trade for a further test of the fragile looking support. The bias is still for lower levels and we look for any gains to be limited. The medium term bias remains bearish. Our profit targets will be 18.18...
NYSE:SNAP is going up next month, so whoever wants to invest in it or was waiting for the right time to buy, now it's the right time to do so. Invest with your eyes closed as the price will surely go up the next month, which supported more by the NASDAQ and S&P 500 bearish run end, and it might even break the trend pattern and the 0.236 Fibonacci resistance zone...
On 2022-02-14, SNAP largest shareholder, PRICE T ROWE ASSOCIATES INC, reported the selling of 17,607,412 shares. MORGAN STANLEY also sold 4,061,262 shares and BlackRock Inc. 519,482. I am thinking to buy the 26.50 strike price puts expiring April 29 for $1.61 premium. Looking forward to read your opinion about it.
Looking at the SNAP chart i can see a double bottom with a price target at the next resistance level, $49. Looking forward to read your opinion about it.
There are many possibilities that could happen here, but it does not matter what occurs since it will all be the same. we are still in a range but the directional bias that i assume is bullish, thus volume should increase on rallies and decrease on reactions. We will most likely see more bullish action after a major low or a ST has been tested.
Snapchat looks like it will be in a corrective phase for the next year. It may be worth a swing trade at $20, where the longterm support trend line lies, but longterm it should test the $13 range which coincides with an open gap and the .786 retracement of this larger degree 3rd wave.
Snapchat has probably peaked in terms of its popularity. Yes- a lot of us use the app. Including myself. But what do they really do that is hard to replicate? All of that aside, technical analysis says this stock is overpriced. Bearish double top. Massive gap down below that has already broken. I originally meant to share this last week. It has also lost both...
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.
Beautiful inverse head and shoulders pattern on ticker symbol SNAP. Possible 50% gainer here. Not investment advice.
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,...
the 200 SMA is crossing below the 400 EMA on the 4hr chart