Snap Inc (SNAP) has been on an incredible rise since practically October 26, which was straight after the bottom on the Higher Lows trend-line of the 1-year Bullish Megaphone pattern. Technically that is the pattern's 4th bullish leg towards its top (Higher Highs trend-line). The price is very close to that level, which is also where the 1W MA100 (red trend-line)...
Just my thoughts on SNAP and how I think it will roll on up
Late cycle catch up momentum play? seems likely #APPL is closing in on $200 could that push the laggards higher?
Snap (NYSE:SNAP) shares rose more than 2% pre-market today after Jefferies upgraded the company to Buy from Hold and raised its price target to $16.00 from $12.00. The most challenging times for the company seem to be over, and they see a pathway back to a mid-teens revenue CAGR over the next 3-5 years. The underperformance of Snap in the past, according to...
The falling wedge pattern is followed by technical analysts because it typically signals a bullish reversal after a downtrend or a trend continuation during an established uptrend. +Firms with low earnings estimates tend to perform better than anticipated—because of the low bar: They've nowhere to go but up. 09/21/2023 Snap surpasses 5M paid subscribers Snap...
There are two scenarios following a very good earnings report. I believe a falling wedge is more likely, but if the guidance comes out low again, I see an inverse head and shoulder case. In any case, the price of NYSE:SNAP is currently at a low and its current real value is $10. Buying right now is a fantastic time to stock up on stocks. The chart says it, and...
If you haven`t sold SNAP here: or ahead of 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 11usd strike price Calls with an expiration date of 2023-11-17, for a premium of approximately $0.60. If these options prove to be profitable prior to the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📦 NYSE:SNAP has been confined within a range for nearly a year , indicating a significant accumulation phase. 📈 For bullish momentum to prevail, a decisive break above the upper boundary at 14.0 is crucial. In such a scenario, the Markup phase would initiate, propelling...
A cup and handle is a bullish technical price pattern that appears in the shape of a handled cup on a price chart. You will see NYSE:SNAP going up to $20 or more before earning on February 2024. Plus, we expect good earning again due to - Amazon Deal : Snapchat allow users to directly purchase amazon products on Snapchat - Tiktok Ban: Earlier this year,...
Snap Inc (SNAP) has been on a strong rise since the September 26 Low. Technically since the October 21 2022 market bottom, the stock has been trading within a wide Rectangle pattern, with the majority of its price action observed within the (blue) High Volatility Zone consisting of the 0.236 - 0.618 Fibonacci range. The price is currently on the 0.236 Fib. Every...
Snap stock is rising Tuesday on reports the company has a deal to allow users to directly purchase Amazon (AMZN) products on Snapchat. The deal for Snap (SNAP) follows a similar agreement between Amazon and Facebook parent Meta (META). The agreement will allow Snap users to buy Amazon products they see advertised on Snapchat directly through the app. The...
NYSE:SNAP is unfolding mutiple "inverse head & shoulder" formation, this is goin to be veyr choppy and complex near term action; regardsless it is determin to travel higher to close the gap at $12.35 which intersect with an up trend line resistance and over head trend channel resistance; the near ter bullish momnetum fuel by positive daily MACD and rising...
Snap has struggled since growth stocks started crumbling two years ago, but now some traders may see chances of a recovery. The first pattern on today’s chart is the potential basing pattern that began in August. Its bottom was slightly above the May trough. That could suggest that selling pressure is waning in the social-media stock. Second are the pair of...
Snap (SNAP) reported its third quarter earnings Tuesday after the bell, beating estimates of the top and bottom lines and suggesting that more growth for the social messaging company may be on the horizon. These earnings beats were a much-needed win. Snap, owner of Snapchat, has become representative of the malaise that can affect an advertising-dependent tech...
This asset is in a big long terme range so risky to take a position in a middle like this but can be a great short spot to see the low of the range and even go lower if we break (for exemple if we hold a little part as 25% of the position). We need to see the open of today or next monday to have a confirmation and great execution. Great Trade !
Snap's stock has been highly volatile, with over 42 moves exceeding 5% in the past year. Today's increase in share price suggests the market finds the news impactful but not transformative for the company. The most significant drop occurred six months ago when Snap reported disappointing first-quarter revenue, causing a 19.8% stock decline. SNAP faces...
After the overbought rsi I will collect a big chunk of contracts for a short position this week.
Looking @ $SNAP. Has a long 12 month base. tested previous Resistance and Support in the past 12 months. Jan24 Call are going for $1.16. Could set a stop loss @ at just below tested Support levels these past 12 months.