Plain chart on snap keep my eye peeled. Could be setting up for a nice long with the right momentum. Will stay mostly in my meta watchlist atm
SNAP could be correcting to all time low before the bull run Buy in October at 5
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.
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Snap is close to go into a very critical area as shown in the chart. if it goes beyond then it is a strong indicating of a bullish move.
Price is currently consolidating on the H4 chart. We saw a dump during earning release. Currently, price filled the fair value gap at 11.64 and retrace strongly to the downside. As we have a very strong imbalance, I'm expecting the price to head towards 14.46 to fill the 50% imbalance before we see a retracement to the downside.
#Snap/USD Technical GAP Chart Analysis:- $SNAP currently trading around $10 which is -38% Down in past 24 hours. It’s very Big Dump in stock Market. And $SNAP already -88% down from Recent All time High within 10 Months. It’s also Bear Market for $SNAP Chat. As Per GAP Chart Majorities all GAP has been Full filled but 3 GAP still pending. 2 GAPs are Upper side...
The PEAD projected a Bearish outlook for $SNAP after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
Mkt cap $16.8B Bullish divergence Price $10.10 (AH 08.09.2022) Target $13.79 Stop loss $9.34 IMO
Good day on today's stock pick we had a re-enter on NYSE:SNAP . We believe the company is currently undervalued and despite it's terrible earnings report, we still believe the company has a long term value and in worst case scenario to be bought over by NASDAQ:META with the attempt to expand their monopoly on the App space. Position: - Entry 1: $10.73 - Entry...
Snap has been getting killed since Sept. '21, if you believe in this stock long term, the buy area is $5-$8 is a great area build from!
SNAP long downside is to 8 bucks upside is to 20 We have some bull div building It's unlikely to go much lower than 8 First upside target is 20 I don't think 50 is impossible GRI 2022 NOT TARDING ADVICE
Snapchat has crossed under the $10 mark as far as its listing. Excellent time to stock up on the stock as Snapchat is doing many initiates within the company to increase revenue and other user activities, such as adding Snapchat Plus, Snapchat Ghosts, etc. Snapchat will likely bounce back from its last poor financials report. Buy low sell high boys.
Holding monthly VWAP's lower standard deviation band...monthly VWAP sitting at $11.71 currently. Big earnings tonight from %AAPL and $AMZN which could definitely change this in a hurry but for now, as long as we see the lower band hold at $9.48+ then over the next week or two could see a squeeze up to mid $11s before retracing lower trying to find more support....
snapchat is a closer to his perfect buy zone today snap react well to 9.5$ and seems to be a gerat support another strong support is the 8$ , if 9.5 broken all zone 9.8$--->8$ seem to be the best zone to buy snapchat for the hesitate one wait to the 5$ support but at this time not sur to reach that level
Snapchat has fallen 38% on its earnings report. I am going long here with the idea of a rebound to previous support level at 12.0 Entry: 10.0 Stop: 9.5 Target: 12.0
Following the chart, I see a head and shoulders plus descending scallop confluence roughly around the same price levels.