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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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...
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...
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...
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...
Welcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential.
In this edition, we'll be looking at NYSE:SNAP ...
I believe this code is at a point of potential volatility.
If price can hold below $11.19 ... Bearish potential may be unlocked.
My key downside targets include:
- $10.25 (Conservative)
- $8.86 (Medium)
- $7.78 (Aggressive)
...
The US House of Representatives has passed a bill to ban TikTok in the US due to concerns over the platform's ties to China. The Senate will next consider the matter. According to analysts at CFRA Research, Snap Inc. stands to be the primary beneficiary of a TikTok ban. The app's audience overlaps that of TikTok, which could allow the issuer to increase its...
NYSE:SNAP always falls after earnings only to recover! we see bullish divergence on the RSI and a HUGE gap to fill overhead. Looking to play the bounce here with selling the $10/$11 puts.
Spiking out the low of a parabolic rally is a very common occurrence in this type of pattern. It's a big panic point when all gains have been lost even if in very early to the rally. Often we see ultimate lows in these areas (Commonly off slow ranges) and even with things going much lower we see aggressive bounces.
Here's an example.
This is the same concept...
It looks like this has bottomed. Very similar look to many other growth names but hasn't really caught much of a bid yet. With news of the TikTok ban, this could see some tailwinds finally. It's been consolidating sideways in the orange channel for some time. If it can get above the turquoise downtrend channel from ATH around 15 or so, I think it could breakout...
Snap could continue its losing streak. Possibly it could go bankrupt as I have seen fractals like this with companies that end up going BK. Note that this is pure technical analysis and I have not taking into account what the financials are or DAU.
This is not a financial advice and please do your DD
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...
In a revealing development for traders, SNAP stock has formed a distinct head and shoulders pattern over a 1-week timeframe. This classic chart formation, often indicative of a potential trend reversal, suggests that investors should brace for possible changes in the stock’s trajectory. With the pattern now complete, market watchers will be closely monitoring...
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
LET'S TALK ON SNAP 📚
👉 As we can see bulls took over from a long-term perspective specially after breaking above our major swing high marked on Daily time frame, Moreover, price is approaching our zone again lining up with a...
