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
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...
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.
If you haven`t sold SNAP here:
nor bought the dip before the previous earnings:
Then analyzing the options chain and the chart patterns of SNAP prior to the earnings report this week,
I would consider purchasing the 15usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $2.62.
If these options prove to be profitable prior...
NYSE:SNAP has earnings today and a GAP to fill from May 2023.
Additionally, SNAPs price action has built a minor consolidation channel the past 2 months.
Will we see some strong movement to the upside???
The Longterm Bullish Case for Snap Inc. ( NYSE:SNAP )
Despite facing strong competition from other social media giants, Snapchat has managed to maintain a...
Looking good here for some continued momentum towards the 200 Week MA.
Possible bull flag formation in progress, after which then might be able to play a measured move headed directly to that 200W resistance.
First TP around $26.
Competition for advertising dollars is fierce. However, recent reports show that Snap Inc., (NYSE: NYSE:SNAP ) the parent company of Snapchat, is struggling to keep pace with industry giants Meta and Alphabet, raising concerns among investors and analysts alike.
The Snap Slump: A 31% Plunge in Stock Value
- Snap Inc. shares tumble 31% as fourth-quarter revenue...
The problem is the best time to buy was yesterday before the market close,
Eventhough this is the case we can still highlist this one as a good stock push.
Because:
#1 Look at the MACD
#2 The fast line has crossed the slow line
#3 The cross between the fast line and slow line has happened below the 0 line to above the zero line on the histogram chart
...
The current volume analysis on NYSE:SNAP is indicating possible bullish continuation.
The pole on this bull flag saw increased demand as price continued higher, followed by falling supply as price consolidated within the flag. The bullish breakout would have to equal minimum 1/2 of the previous flag pole. A 100% extension could also result.
Bearish scenario is...
🌯 Chipotle Mexican Grill ( NYSE:CMG )
The gourmet burrito king is expected to report a substantial EPS of 9.75 and revenue of 2.48B. With a record of beating expectations, all eyes will be on whether NYSE:CMG can maintain its zest amidst rising costs.
👻 Snap Inc. ( NYSE:SNAP )
Snap's earnings are always a snapshot of the social media landscape. Forecasts...
Ready to ride the SNAP wave?
NYSE:SNAP NYSE:SNAP broke through the $14 resistance level, and we're now targeting the next major price level at $26.
One of the main drivers of Snapchat's bullish momentum is its impressive user growth. The platform has managed to engage a vast audience, particularly among the 13-34 age group, which is highly sought after by...
