SNAP Possible BreakoutSNAP coiling tight into the apex of the ascending triangle. Solid support along lower trendline and 8 EMA. Breakout could go either way with current market volatility, so playing it safe. My entry will be break of resistance and break of RSI upper trendline.
Decent volume but big OI on the 1/15/21 $55c and $60c.
1SNAP trade ideas
SNAP - December 12, 2020SNAP has been on an absolute tear in the past month since earnings. Price upgrades and increased user conversions is setting SNAP up well to continue higher into 2021. Still would like to see a dip before entering, and currently holding PINS as a long term holding thus justifying my rational for sitting out.
Day with Huge Volume SpikeThis is for education purpose, the day when there is a huge volume spike that trends (up or down) like to continue further. As NYSE:SNAP chart shows on Feb 5 20 huge volume with a red candle. 22 Apr and 21st Oct, huge volume spike with a green candle and upward trend continue.