SNAP trade ideas
$SNAp Inc - $50.00 Short Term target
SNAP continues to rally as investors seemingly turn their back on Fb & TWTR.
Indicators signal a move higher coming, but be aware of Bearish divergence on RSI.
Our main target is $54.00 medium term.
Short term $50.00 is very possible once above $45.60
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SNAP day trade ideas next week Simple idea
Long side options play, weekly options.
But the break out above all time high,
or Buy the dip as outlined.
Not too much a fan of a swing on this one because it recently had a very big pop
MACD seems promising, and if things are looking bullish this coming week, this may be a pay out nicely.
$SNAP setting up nicely Jan 15 50Cif it holds above 43.45 should see 45, 50. Jan 15 50 C has crazy volume and open interest.
SNAP - November 19, 2020Snap has had an insanely bullish run up this year. Strong ER and a great user base sets the company up nicely to monetize off ad revenue. Looking for sideways consolidation and support on this long term trendline for another leg higher to 50.
SNAP Long1) Possible BO falling wedge
2) Pending HH formation
3) Long squeeze
4) MACD golden cross, pending daily
SNAP setupSNAP has a catalyst with VZ, 5G - if it holds the yellow trendline, January calls can work, otherwise, I'd like to see it fall into place of the below pennant.
upside potential is big hereover 41.75-42 we will see big impulse buying back to 45 or even higher. we made 100% off this one in chat last week, the quest is will we hit a lick back to back? lets see! gl :)
SNAP- The StratHave been experimenting with trend lines off of prior day's 4 hours highs/lows. They have made me more patient and slow to enter.
Feels good to get a win on SNAP. It's crushed me in the past.
SNAPTICKER : SNAP
DATE : 17/11/2020
PRICE : $39,27
TRANSACTION : $225 437 917,00
AVERAGE TRANSACTION : $5 988 725,50
MAX : $228 833 292,00
% OF MAX : 98,52%
DIFFERENCE FROM AVERAGE : 3764,37%
analyzingSnapchat, in case of breaking the midline of the rising channel and staying below the sub-trend that was drawn with the yellow line, it gives a high probability of falling and heading towards the green area
SNAP about to make a big move down.Here is my humble opinion on SNAP. I think we have been in a range for a long time and have created enough power to make a big move out of the range. We are going toward the bottom of the range and it is supported by a descending triangle patter. Plus, we have the 20 EMA as a resistance and the EMA has caught up with the price. We have a 4H demand zone around 35 and 28 and neither one are tested yet, so I expect a pull back from those areas.
Snap Tea Party 10/30After reaching all time highs, Snap is due for a slight retracement, forming a Cup, those who got Tickets grab onto those Handles and Cheers!! *As always dress to impress! and be fashionably late!:) Snap it like its' Hot!!
SNAP H&S Forming?I'm still bearish on SNAP after the exaggerated move at earnings. There seems to be a head and shoulders pattern forming, and it will be confirmed once the neckline is broken at around $38.52.
However, the Stoch RSI seems to be bottoming, so we may see a move up. Perhaps this isn't a H&S, but rather a bull flag.
This is not financial advice. Be aware of your own risks. I am not responsible for your gains or losses.
Snap toward the gapWaiting to add more to my long position when snap touches the gap area. MACD and two red candles are showing bearish sentiment for the short-term but it's holding 20MA also which is only bullish sign. Potential target could be 43-44
