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SNAP INCSNAP INCSNAP INC

SNAP INC

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SNAP LONGSnapchat going long because of: - Snap is almost oversold on hour, 4 hour, and day time frame. - Snapchat outstanding Earnings and Revenue the 3rd of February 2022. -This started an upward trend that was quickly stopped by the 50 MA around the 16th of February. -Even after this rejection supertrend still showing bullish trend (only with heiken ashi candles) . I'm predicting it will test the 50 MA again and maybe break it by the end of next week. - Bought an option contract for a call option that expired March 18th. (DO NOT COPY IM A BEGINNER) I'm a noob so give me criticism. My first post :) NYSE:SNAP
NYSE:SNAPLong
by hajilol
1
$SNAP - Gap Down Slam DunkSnapchat has probably peaked in terms of its popularity. Yes- a lot of us use the app. Including myself. But what do they really do that is hard to replicate? All of that aside, technical analysis says this stock is overpriced. Bearish double top. Massive gap down below that has already broken. I originally meant to share this last week. It has also lost both major moving averages at 100 and 200 day MA's. This should be a fun short to play right now. I have been in this play and expect it to move to around $27 or lower.
NYSE:SNAPShort
by jaykenneyTRT
Is Snap Overbought?Snap had a sharp rally on February 4 after quarterly results beat estimates. But now its longer-term downtrend may be reasserting itself. The first pattern on today’s chart is the stochastic oscillator. It’s swinging back to the downside after jumping into overbought territory. Next, price tested but was unable to break above the 50-day simple moving average (SMA). That suggests the downtrend remains in effect. Third, notice how the recent high occurred slightly above $40, near the mid-December low. It’s also close to the high-volume breakout area in October 2020. Has this price zone become resistance? Finally, the macro backdrop may be challenging for SNAP given the weakness in growth stocks and the broader communications sector. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:SNAP
by TradeStation
2