How on earth can anybody BUY stock which is not making any dime profit ? Even more ... it made $500M loss Over $40B value worth of stock at highs !? Good Luck to all you people out there. $17 selling price was way too high to buy ... so maybe $10 ?
The second head bang at the CL. is a good indication that we will see price down at the L-MLH. When? Dunno... P!
I suspect SNAP will have a dead cat bounce back up to 21 before continuing the down trend to 17 before another snap back.
If you are a trend following trader, find instruments and timeframes that satisfy your trending criteria and just follow the signals. But remember: consolidation period can be brutal to a trend following strategy. Also, the longer the trend, the greater the chance for a reversal. With that in mind, make sure you apply proper money management.
If it breaks hourly support, it's gonna end up like IPOs like BOX and HDP.
If I could short I would short this alllllll the way down. I can't even be objective with this one, it is about to show its true value. As you can see it's been nothing but a downtrend ever since it IPO'ed, we'll come back to this chart in a few weeks. However it broke through every support and is on its way to making much lower lows with longer candles.
WE ALLREADY IN PROFITS SINCE OUR ENTRY AT $22 SHORT THERM BUY TO $25.3 AREA THEN LONG AGAIN NEAR $23-24 TGT #30-33
Here we have SNAP, respecting the U-MLH and reached the Centerline perfectly bevor bouncing up. This 60min. bar is not over now, but we already can see how price of SNAP reacting at the centerline, the place where price is going in over 80% of time. From here, price could zoom through the CL. or bounce back to it, just to turn and go north. Observing...
Like twitter it will not succeed
looking for an ABC to the top of the channel and then another push down. Breakout coming soon.
snap is currently stucked at a bear flag, if the market retest the resistance, it will potentailly go all the way down to 21.84 or even 20.64
You dont have to be a genius to know there are better places to put your money. Investing in SNAP without any knowledge is simply gambling. We have the casino for that. Technical already pointing to the downside and the first move up was from the hype around SNAP. But looking at how profitable SNAP is, it isnt. A company can be good, but that doesn't mean the...
Would Like To Dip Buy In Lower Areas But Not Paying Anywhere Near IPO Price For A Company That Is Losing Money.
This is a good time to buy Snap stock. Why? True, analysts has valued snap stocks ~$17. It was down yesterday and today it's rising. I hope that's due to the market condition but not because of the Company. The big point is they make themselves as a Camera company. "Spectacles" is "Google Glass" done right. So, they'll make is much better and soon they'll...