This tock is always super volatile during earnings and last one was in the upside direction.
I see that it looks like it wants to fill the gap, but the circled volume structure for the last move shows there was not a lot of buying in this last consolidation period.
Make or break time for this, id buy on the way down if it is bad...
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buying on the way down it is. Board of this company needs to get a grip cause buyers were there big time ready to sink billions
@billydior, I really do think snapchat will start to improve there internal business structure and make it attractive to invest in. IDk how there snapchat + is going to workout but they will find a way to monetize it soon. But for technical levels, those red and white lines still stand true and my prediction was spot on with consolidation levels. Think of those lines as crucial decision influencers to direction.
billydior
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@LeapTrades, agreed. and theres an enormous amount of OI on the May 15 strike. Unsure of the timing of adds but based off the other levels might be in play with early tech earnings as a catalyst.
LeapTrades
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@billydior, No time to predict movement to the upside when the market is mostly at key levels. We see today that the last candle closed basically right on my line.
LeapTrades
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@billydior, ANYWHERE below the redline we are headed straight back to 9.20 then a bounce.
LeapTrades
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@billydior, SEE THAT CANDLE? it hit my second demand zone and snap got bought up in a heart beat. Looks bullish...
That would be insane and foolish. That line represents the most order volume of the stock, in a certain time frame. AKA where you tend to have more support :)