SNAP trade ideas
$SNAP Blue Sky BreakoutShould be an exciting week for Snapchat with blue sky breakout and ATHs last Friday.
100 PT magnet. I think it gets there, just a matter of when.
I'm long 10/15 85C letting these profits run.
Highly recommend the book by Nicolas Darvas who made $2M trading stocks just by buying box breakout stocks or "Darvas Box Strategy".
We may see a retest of the box ($83 zone) before a further move up, if you're bullish and not yet long, it may be a good idea to enter at the retest (if we get one).
$SNAP | WEEKLY WATCHLIST 9/27Absolutely TEXTBOOK example of how powerful my charts can be. Entered long the 80c 11/19 @4.7 on 9/22. Contracts are currently worth 9+!! Congrats if you played and please be sure to trim.
Although a monster move already, I see more to come. Possible we slow down and consolidate in this $80-84 region to build a base and explode higher to the $90 region. If we get a larger pull, I will take profits on my remaining position and look to re-enter in the future.
Ultimately looking for $100 target by the end of the year!
SNAP: Ascending Triangle (50%), confirmed!SNAP showing a confirmed ascending triangle.
All indicators are green.
Price target = 106.22$
Stay humble, have fun, make money!
The last lapSNAP is running its last lap and it would end somewhere between 90- 100. Any one long can consider booking profits. I posted about this sometime back at $67 but didn't had any position. I will look to short this at the top.
$SNAP Chart Analysis into tomorrowPURELY EDUCATIONAL AND ENTERTAINING MATERIAL
$SNAP consolidating right under ATH prepping for breakout.
Personal use:
Calls can be played 15min close above previous HOD @ 80.10 would likely bring us to test ATH and maybe break through to establish a new all time high! A 15 min candle close below .786% fib @ 78.49 or a break of the previous days low @ 77.46 would be good time to scalp puts. I'm leaning a little more to the bullish side for this one.
$SNAP looking for all time highs$SNAP has been the best acting social media stock despite the extreme weakness shown by $FB recently. It is looking to clear the recent post-earnings channel for a move above its all time high. We are long some $75 calls expiring next month. Possible candidate for a day trade through the pivot at 80.85.
$SNAP potential breakoutSnapchat potential breakout with crazy option flow today. News ? or perhaps just playing the trend and bullish confluence of indicators.
$28M Block 1/21/22C at ask ... can't ignore that.
I like the Oct or Nov 85C for an idea
Short SNAP - Downgrades Likely Cometh Soon If FB was hit as hard as it was by the AAPL update effecting it's advertising business.. you can better believe that SNAP is not far behind getting blown out.
Goodluck, opinion only.
A stock worthy to be boxed. $SNAP analysis.Hi everyone!
Today I am taking a look at the one and only NYSE:SNAP .
This stock was born to be put into my boxes .
Just look at it
The most perfect boxes setup I've seen in a long time!
Key points are indicated on the chart.
The closest levels:
Strong supply on the upside at 79 .
Magnet level at 73,6 .
Strong demand level at 69,9 down below.
Key takeaways:
If we break the box with high volume we see 83 .
BUT I do not expect the price to take over the long-term trend line yet.
Last days volume was not outstanding, so I expect retest of 69,9 first before making ATH.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
$SNAP | LONG POSITIONThe $SNAP chart looks ready for an explosion! Breaking out of the wedge to complete a final leg up.
Entered a long position at $75 today. As long as $70 holds, I expect an impulsive move to $100 by EOY.
Please trade responsibly and good luck!
SNAP breaking outSNAP did not fill the gap down like many people wanted. It held support nicely and bounced. Now its looking for all time highs.
positive continuation patternPositive outlook for Snap stock, the possibility of prices rising to new record levels
SNAP Gap down to be broke???SNAP could possibly break down below a key level. If it does break below look for price to move quickly. If not, it could be used as support.
$SNAP Short? $65 PT?Video breakdown on $SNAP going into the rest of SEPT.
Looking at taking this gap short with market pullbacks.
SNAPI like snap to break this downtrend here off last weeks support and 50ema tap. Watching to see bulish breakout
$SNAP - LongPlanning to trade this channel and keeping a tight SL.
Targetting $92 as long as above $70.
SNAP trading in channelSNAP is trading in a channel and is looking to break out either up or down. If either of the triggers are broken look to but calls or puts.
Potential Wyckoff Distribution Setting Up On Snap Snap is potentially on its final phase of distribution. Wait for a decisive brake below the Buyers climax (BC) resistance and previous low for higher accuracy. Lets see how it plays out.
$SNAP Ready to Make a Move$SNAP holding up okay the last few days and getting real tight here. Volume pattern is so-so but its ready to move out. The question is which way? We will find out soon enough.
$SNAP Quick look Gartley Pattern Clean Gartley, many harmonics in snap,
a couple nice set ups below, worked well on $SNAP
SNAP - PEG Play (9/7/21)SNAP has been consolidating for quite some time now after its earnings gap up. Sadly it is trading below the AVWAP from the gap up which usually indicates it will fill the gap but it seems that buyers have stepped in to not let that happen. Many of the newer growth names are extended but this one has been more beaten up recently. We are still holding the RS above 50 and also seeing a declining ATR. We are also trading in a range within the PEG as well as seeing the Fibonacci EMAs in a very tight pattern which usually means a strong move in the next week is coming.
