Oh Snap.
Snap went up about 50% this week with its RSI hitting 92 on the daily chart; making it one of the most over bought stock on the NYSE.
Look at locations volume has increased. I don’t think the volume justifies the move up it made. The company only saw a 4% increase in usage from last month but that doesn’t justify its price. It could go higher but I am slowly adding puts because when it comes back down to 35 it will come down strong.
Look at locations volume has increased. I don’t think the volume justifies the move up it made. The company only saw a 4% increase in usage from last month but that doesn’t justify its price. It could go higher but I am slowly adding puts because when it comes back down to 35 it will come down strong.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.