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 !
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 Saudi Arabia, I don't recommend keeping this stock in your portfolio
Snap 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
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...
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...
after this latest earnings and buying it appears to have upside and potentially a reversal
*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....
If 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.
If 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...
The $SNAP chart looks horrifying. It's quickly approaching the downside gap, which is nearly 20% wide. Based on overnight futures action, this is a prime short candidate leading into tomorrow.
KNOWLEDGE ECONOMIC CITY, I don't recommend keeping it in your portfolio, probably we will see a downtrend in the next few days.
probably, it is time to take profit, maybe we will see a downtrend this week and after this week,so I advise to take profit right now even the market is uptrend but we can not risk what we gain, trust me just take profit and wait for what is next. professional trader advising you,
Snapchat has lost -54% from the highs in September, but there are signs of a (local) reversal. Let's see if we can pick up SNAP here. Geometry: Connecting the tops we can draw a channel. The median is confirmed by price action. SNAP approaches the bottom of the channel where we can expect a potential bounce. The green trend line gives an element of...
Either a triple inverse H&S occurs, or the blue oval above the channel acts as a support and price reverses at this point. Above the channel is a good entry point, betting on a reversal. Would be nice to see a clean triple inverse H&S although
High timeframe so this could take several months to even get back to the gap fill but very nice high RR on this if it comes to daddy. Classic bearish island top into potential H&S as per Edwards/Magee.
Trade: Long. Ticker: #SNAP. Why: Near to chaos Line. Chaos Margin: 11%. Stop Lost: 51.02 Enter Price: market price up to 53.10 Target: 62$