NetWorthFocused

SNAP Possible Breakout

Long
NYSE:SNAP   Snap Inc.
SNAP 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.
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.