SNAP Q1 earnings today at 4:10pmSNAP Q1 earnings are today at 4:10pm. Snap (SNAP) reported Q4 December 2020 earnings of $0.07 per share on revenue of $911.3 million. The consensus earnings estimate was $0.07 per share on revenue of $846 million. Revenue grew 62.5% on a year-over-year basis. The company said it expects Q1 revenue of $720 million to $740 million. The current consensus revenue estimate is $742.04 million for Q1 ending March 31, 2021.
Q1 March 2021 Consensus:
EPS = ($0.05)
Revenue = $742 M
R3 = $68.38
R2 = $65.97
R1 = $63.39
pivot = $60.98
S1 = $58.57
S2 = $56.00
S3 = $53.75
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
SNAP trade ideas
SNAP is going downPotential expanded flat Elliott correction wave bear flag formation on SNAP. Resistance at the 0.618 level. Earnings in 5 days I expect SNAP to drop further as we approach the announcement date. I'm not buying puts due to IV crush. Bear call spread (call credit spread) is more suitable for this pattern. Let me know what you think.
If you like what you see why not support us?
👇
$SNAP Bullish Unusual Options Activity$SNAP Bullish Unusual Options Activity
$37M of May 7th exp ITM calls bought today
Monitor for a close above $64. Note earnings coming next week - 4/22 after hours.
Near term target: $70-$74 range by end of April
Note: This is NOT investment advice. Educational only.
Will SNAP snap it's 3 day winning streak tomorrow?Will SNAP snap it's 3 day winning streak tomorrow?
R3 = $64.02
R2 = $61.59
R1 = $59.28
pivot = $57.10
S1 = $54.91
S2 = $52.60
S3 = $50.29
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
SNAP: should we snap it up?The outlook of SNAP seems bullish in the coming weeks if the indicated support line holds. The recent retracement looks corrective and near completion. Potential targets are highlighted on the long side but please note the bearish alternatives and potential reversal/correction areas. Good Luck and have fun trading!
Please note: the bar pattern to the right side of the current price is only imaginary and gives no guarantee on future PA behavior.