Trade ideas
SNAP 2h Chart SNAP is now forming its right shoulder to complete an inverted head & shoulders. If we are able to get confirmation and have it break the white line on the chart - we may see a solid breakout to even new all-time highs. It is trading above the EMA 9 / 21 / 50 / 100 but under the VWAP.
VWAP: 62.01
TP: 63.75 - 65.85 - 68.05 - 70+
SNAP levels for post-earningsSNAP can make a large move out of consolidation with earnings as a catalyst.
Snap Puts August 07th $58 puts looking for a price target target of $53-$52. Breakdown below the icchimoku clouds as well a a parabolic sar as well as sitting below the 200 ma w a macd converegence few days back. Looking real good
long SNAPwatch it play the triangle a bit further before scoping an entry, or simply wait for a high volume breakout.
Target - green box
Stop - red box
not financial advice.
VCP (MINERVINI TWITTER)For study purposes
Very strong moves, tomorrow most likely will break out of its line of supply.
Snap Inc. $SNAP is leading, now waiting for follow through The stock formed a long base while above its moving averages and in the last weeks is been leading the sector. So, I took position on NYSE:SNAP on the breakout above the $65 resistance level. Now waiting to a good follow through to buy more. A good buy level for me would be higher than $69.60.
The risk/reward ratio (2:1) has a target price above another resistance level, so I'll be very carefull once it gets there. Probably I'll just rise my stop to breakeven.
NYSE:SNAP is been having a really good revenue growth, annually and quarterlly. Its EPS is not as good as I'd like but it has the technicals that I look for.
$SNAP - Potential for a Bullish BreakoutSimple trade thesis here for you all!
SNAP has recently surged, and is flirting with all time highs yet again. We've been making higher lows after getting rejected off of 69.40 twice, and are looking to have another retest over the coming days.
If we break above 69.40 we likely visit 70.90, and above that we take a trip to 73.55 before ultimately carving out new all time highs.
Keep your alerts set for this one traders, SNAP tends to move aggressively. Don't get caught chasing!
SNAP Pivot BreakoutBreakout on above average volume. Volume on the day before the breakout 62% of average. Looking for a move towards the high.
Entry: 65.67
Stop: 59.43 (-9.50%)
Symmetrical TriangleHas broken upper trendline of the triangle.
Possible stop at last pivot low or below support.
Price at upper band set on an 80 dma.
No recommendation
SNAP BUY OR LONG TARGET $80Snap confirmed a breakout of the " SHS " pattern, the target of the
pattern is $80, of course you still need a safe stop around 8%.
Good luck.
SNAP could be headed to $85snapchat $SNAP has been range-bound and rejected multiple times at the $65 level for the past 6 months, and finally broke above it. Measured move is to around $85.
Do your own research, this is not financial advice.
SNAP Breaking OutClean breakout in progress for SNAP. After a lengthy consolidation, price tightened up before exploding higher today. Solid relative strength and relative volume add further confirmation to the move.
SNAPLooks like it wants to get up and out and run. MAs look better this time then on the previous similar look.
Swing trade ideaPotential breakout here, the target could be around $84 as per Fibonacci trend extension. we need to break out of the pennant ($65 -$66 level) for confirmation.
Call options ( $65 - $70 strikes ) might be a good option as well.
Please note:
- I'm just sharing my view. its not a recommendation for buying or selling.
