SNAP
Daily chart analysis
The influx of freshly printed Covid bucks propelled this stock into an uptrend between March 2020 and July 2021.
After reaching its peak in July 2021, the price entered a sideways market that collapsed at the end of October 2021.
This collapse initiated a sharp downtrend, persisting from October 2021 through October 2022.
In October...
$SNAP has performed horribly in 2022 and had awful earnings report. However just as there is over excitement, there is over pessimism and eventually mean reversal is due in either case. I have no clue if SNAP will go even lower to 4-7 dollars area but the price structure, volume, and technical indicators clearly point towards capitulation and at least a short term...
SNAP has insane earnings gap. Whoever gambled to the long side, good for them. Stock is most likely going to take a break here and consolidate before making way higher. If it gets below $15 or %13.80, I'd as a long trade I'd be out.
Bought CALL OPTIONS equal to 2,000,000 shares in terms of PROFIT, back in April 17 (look at my previous SNAP post). Once SNAP past the 17.9 price, it should go up to the 39.00 to 41.00 price levels and beyond.
This tock is always super volatile during earnings and last one was in the upside direction.
I see that it looks like it wants to fill the gap, but the circled volume structure for the last move shows there was not a lot of buying in this last consolidation period.
Make or break time for this, id buy on the way down if it is bad...
SNAP just got dumped on last earnings report.
It has since been testing a most important level.
Tight confluence of two Golden fibs marks the spot.
$ 11.72-11.76 is the exact zone to be held.
$ 13.16-13.35 will be first serious resistance.
$ 15.99-16.29 would make a nice final target.
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SNAP has peaked at 18.0 levels a few days ago only to be tamed down back to 11.00 range.
This after the last QTR earnings calls where the company missed earnings estimates even though the numbers are green. The overreaction to this is unwarranted.
Now we're back again at discount levels. It's very rare we see an opportunity like this one.
Significant net buying...
- just playing stocks when boring in cryptos.
- Snap seems in a bullish momentum.
- Making HH and LL.
- could retest 20$ ish.
- could also retrace a retest low 11$.
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Trading Parts
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- Buy now - 14.5$ ish. ( 25% invest )
- Rebuy - 11$ - if retracement. ( 75% invest...
If you haven`t bought the dip on SNAP:
nor sold SNAP before the previous earnings:
Taking into account SNAP's post-market decline following META's selloff and examining both the options chain and SNAP's chart patterns before this week's earnings report, I'd contemplate acquiring the $10 strike price calls expiring on April 26, 2024.
If these options prove to be...
Snap Inc. ( NYSE:SNAP ) sent shockwaves through the market with a stunning 29% surge in its stock price following an impressive earnings report that far exceeded expectations. The parent company of Snapchat reported robust revenue growth and a significant acceleration in its advertising business, catapulting investor confidence and reigniting bullish sentiments...
Snap Inc., ( NYSE:SNAP ) the parent company of the popular photo messaging app Snapchat, stunned investors by outpacing Wall Street's expectations in its first-quarter earnings report. The company's stock soared 25% in after-market trading, reaching $14.32, as it revealed impressive revenue growth and user expansion.
In a period where digital advertising has...
Snapchat
talk about potential to target a very specific audience.
Teens
the AI potential is cool
I'm sure they will be going the reel route
Sell targets in Pink
Buy targets in blue
It seems this stock might have a little downside left, but should start going pretty soon.
somewhere between the blue range could easily trigger a really quick move to $20.
Earnings...
4/25/24 - vrockstar - not willing to outright ride long on evan's crackpipe stock, but tiktok ban, FB's #s +ve (and reaction mainly related to speech specific to zuck), last snap print was really a reset of expectations, options pricing in rich upside... so decided to sell some at the money C's and a few OTM C's (covered, lol), for 10% implied daily yield if i'm...
Hi all, posting an idea that I like and have a position in for this coming week. NYSE:SNAP is showing some signs of a reversal to the upside after several months of downside/sideways trading due to it breaking the horizontal flag the downside with a gap down after it's last earnings report. This time around it is showing signs of a reversal to the upside at the...
Fluctuation and Anticipated Earnings Report
As we approach the end of a trading session characterized by marked volatility, our scrutiny is firmly on Snap Inc. (SNAP) which has exhibited a noteworthy 5.87% upsurge in today's market. Let us delve into the technical facets underpinning this movement and extrapolate potential future price actions as we consider the...
In the ever-evolving landscape of social media, rivalries often dictate market dynamics and investor sentiment. The recent flurry of legislative activity surrounding TikTok, the hotly popular social media platform, has cast a spotlight on its American counterpart, Snap Inc., the owner of Snapchat. As the U.S. House of Representatives deliberates on measures to...
Snap plunged two months ago. Now, after a period of consolidation, some traders may see further downside risk.
The first pattern on today’s chart is the bearish gap on February 7 after revenue missed estimates. The social-media stock tried to recover a month later but quickly reversed. That may confirm resistance is in place.
A descending triangle developed in...
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...
