Hello . There is a possibility that Snapchat shares will drop. Once the price reached a strong resistance 12.25. The market bounced last time. And a very negative candle in the four-hour frame: Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Snapchat stock looks good now.
The price creates higher lows.
Weekly bullish divergences are not a joke. We expect SNAP to give 285 % gains in a long-term.
Targets / Take profit areas are shown on the chart.
SNAP is down 90 % from its ATH. It's not a time to be bearish . DCA into SNAP and enjoy the profit on the way up.
We may see a pullback to retest the...
We expect SNAP to drop 15 % more from current prices.
-It will be a good entry for long as it will correspond with a low from March 2020.
-Target show in the chart. We expect the gap to get filled.
-Stop loss shown in the chart.
Snapchat is undervalued at those levels. Good buy also for a long-term hold.
Another daily wolfe wave setup was triggered post midterms. The chart for SNAP is closing in on a few gaps left open after the earnings debacle. With tax losses and Christmas rally into end of year, we should see most of the small caps rally and accelerate into Feb 2023. The apex and projection target lines can be used to estimate when price and time will meet in...
Another victim of higher rates, fickle consumer behavior, and a disconnect from reality. All avoidable, of course, if you kept your wits and traded with discipline. The break of 10.03 (RED) spells the likely end of bullish dreams. S/R's guiding the way, as always.
Looking at the options chain today, i would buy the $15 calls with
2022-11-18 expiration date for about
$2.55 premium.
Looking forward to read your opinion about it.
we will see a strong support above the 8$ if we continue to go down, and above the 20$ is our current resistant and breakout zone to confirm the bullish momentum and reversal from the bearish trend , cause that will break our ascending line , that started forming since last year October .
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.
Snap
Short Term - We look to Buy at 13.20 (stop at 10.72)
This stock has recently been in the news headlines. The CEO reported the company will likely miss its own revenue and earnings targets. Broken out of the triangle formation to the downside. The measured move target is 13.00. We expect further downside to the measured move target zone. We therefore,...
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?
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.
