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Snap Inc (Extended Hours)SS

Snap Inc (Extended Hours)

9.06USDR
−0.12−1.31%
At close at May 13, 19:59 GMT
USD
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SNAP trade ideas

using ARKK as an indicator to carcass pick stocks $snap $arkk If and when stocks finish the bear market, there will be deals at fair prices. snap is a good example of a once over valued and over exuberant stock whos earning guidance and result kept coming down after peak 2021. If arkk and the rest of the growth stocks keep trending lower as we may or may not be already in recession, I'm checking my favorites list to see what value Id be happy to grab deals. Happy hunting.
NYSE:SNAP
by ValuePig
Tough One!This measures to be ABC/D and appears to also be a symmetrical triangle. Stop under C. Earnings 1-31 AMC and anything could happen. This would seem to be risky unless one was in and out in a flash. I am guessing anything is risky today with reports on economy coming tomorrow. But who knows? 4.82 is the ATL and 83.34 is the ATH. “The function of economic forecasting is to make astrology look respectable.” John Kenneth Galbraith No recommendation. Trade at your own risk. EPS (FWD) 0.14 PE (FWD) 67.00 Div Rate (TTM) - Short Interest 6.83% Market Cap $15.20B
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by lauralea
9
SNAP - could be emerging from baseSNAP plunged 10.3% on 1st Feb after announcing yet another quarter of dismal results. However, what happened after that is interesting. The stock began to recover steadily in the last 3 days on good volume, a stark contrast to the correction the general market was experiencing. This exhibits "hidden" strength / support for the stock. There is a good chance it is going to test a critical neckline @ 12.94 in the coming days. Should it begin to break above this neckline and also the 200 day MA, then the odds are good then it has entered into a recovery phase. Let's wait and see. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
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by Juliac
Snap Inc. (SNAP) ... More than Finger Excercise ??I am always intrigued with patterns (harmonic) within patterns. Snap Inc. (Snap) fits that bill. (1) The Original pattern is a Cypher, which began life around Dec, 20th 2022. Target 1 has been met and I have marked Targets 2,3 and 4. (2 ) Coincidentally this is may be the beginning of a larger bearish harmonic pattern, whose beginning I marked as last September. The extent of Leg D is undetermined , but it has the potential of forming a harmonic Butterfly, Bat or Deep Crab These objectives have also been marked. (3 ) Not withstanding the above, recent price action appears a little extended and I have marked an Extended ABCD pattern as a short term reversal point. This may cause a pull back to 1/3 to 1/2 of the recent rally. This area is also outlined. (4) I have also marked the AC leg of this potential Butterfly/Bat/Deep Crab harmonic with an extended dotted line. The fact that this was broken today is a good thing , although often price action through a trendline often requires a retest. Of course everyone is waiting for the Fed's action tomorrow. So pay attention to broader markets, be nimble and cautious. As always do your own due diligence. I will update as necessary. Good Luck S.
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by Steve666
SNAP Short Options trading can be difficult in times of such market volatility. However fun stocks like SNAP that are not institutionally traded can tend to follow their own trend. SNAP is set to drop in price as every major trend I look at is screaming sell. This is a great put opportunity for a quick scalping. Indicators to look at: Triple Confirm Bollinger Bands have initiated two sell signals based on price divergence and volume. D+ issued a sell signal and you can just look at the past to see how accurate that indicator is. (There is a reason this script cost $$) This script issues buy and sell signals based on divergence. Speaking of divergence, MACD also shows shrinking bullish divergence and would not be surprised to see growing bearish divergence. RSI shows that the stock is overbought while the Kurotoga cloud shows that the price is sitting high above support with plenty of room to fall. I am predicting a $0.75 to $1.00 drop in price for 1.31.23 based on the daily.
NShort
by Myantman101
1
Managing non directional option trades : #snap Making money even when Im wrong, only in options world is that a thing. Non directional trades try to capture premium from both bull and bear sides be on a range or sideways trend. Here I discuss managing non directional trades as time passes and future price moves reveal themselves. Eventually, this non directional trade became directional. But thats my choice and comfort based on risk reward of the current market. We have to price risks and choose our exposure. We dont control the market or outcomes. We control decisions and orders. good luck have fun be safe!
NEducation
by ValuePig
SNAP short ideaSnapchat (SNAP) possible short play JMP Securities downgraded the company to market perform from market outperform, citing declining time spent on Snap and increased competition from Reels and YouTube shorts. Trading down over 4% today. Late last year Snapchat (SNAP) reported a large slowdown, blaming inflation for its slowest revenue growth since going public five years ago. Technically price has formed a rising channel/flag pattern, looking for a breakout to the downside.
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by Blokestrading