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Snapchat is down 25% from its highs, and while it has bounced up a little bit from the highs, it still remains oversold. Now might be the right time to sell a put into weakness and collect premium. Trade Idea: Medium Risk: The 44 Put expiring 4/16 for $1 credit . It has a 81.5% Prob. OTM and if you do get assigned, your cost-basis per share will be $43 and it...
BULLISH BAT price need to follow Green Trend line & hit target If price Breaks Red Trend line is where EXIT before SL hits POTENTIAL BUY
$SNAP 2HR.... Watching for price to reclaim uptrend channel and a possible reversal to retest ATH, could see a possible move to 65 and if volume is low we could see a sell off and back to previous lows, possible double bottom at 51.38 under that strong demand near 48.20... if we break that I'm seeing an overall move to my wave c target at 43. Now if we see higher...
I think we are not out of the woods yet. We might see a relief rally to $60-62 then will resume the way down. next target could be around $48. Please note: - short selling is super risky. ( unlimited loss ), I prefer to buy put options. - I'm just sharing my view. its not a recommendation for buying or selling.
The stock is far away from the moving averages. time for some retracement. first target is around $58 and could go further to $52. Please note: I'm just sharing my view. its not a recommendation for buying or selling.
In one of the worst days market has experienced since March 2020, SNAP reached its all time high. Technically, this move could go further! Potential gain:50-55% Reward/Risk:3 Timeframe: 1-3 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a...
Snapchat above 65.4 I expect bullish continuation. Once I see how open goes I will likely be entering calls. Goodluck! Please like/share. Or drop a comment below and we can chat about it
My favorite trading indicator and the simplest I have seen having great accuracy with every cross Buy: Blue line crosses above Green line Sell: When Heikin Ashi turns red after the buy signal This is my first post so keep in mind I am new!
quick idea: SNAP has been on an amazing rally - however - I think the time has come for the fun to end. When looking for the most egregious examples of high valuation in the market might now, snap is definitely up there. After counting waves several times I came to the conclusion that SNAP is like many other tickers on the market near in a fifth wave...
expiration of this Friday contract. now it is time to short. Fib retracement, Modified Fork, resistance line and logarithmic fib channel are obvious. we are at the end of impulse elliot wave of today. It is actually more conservative target than aggressive. Put for next Friday expiration.
Snapchat (SNAP) (February 4th 2021 through March 2021) Low: $59 High: $76 2020 Q4 reports announced after market close today. My basic speculations/expectations are as follows: Positive year-ahead guidance. I estimate EPS could land in the +$0.05 to $0.10 range, or at the very least out perform the -$0.07 analyst expectations. Trading may close positive...
It’s a previous bounce off the 100 day MA I love this play to hit $70 by 4/23. An April call here forsure. Good luck and trade safe
BULLISH BAT price need to follow Green Trend line & hit target If price Breaks Red Trend line is where EXIT before SL hits POTENTIAL BUY
Bearish Divergence with Weak Candle , its expected to see down trend.