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.
Strong rejection on daily and weekly candle's. Volume dropping off and hidden bearish divergence on the 4hour time frame. Wouldn't be suprised we see it at $44
NetWorthFocused
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@FrenzyTrade sure was!!! I’m looking for a break of the trend line along the recent daily highs. I think it’s a low volume week for the holidays. Check out the 1/15/21 55c. Several days in a row of block orders and high OI!!
FrenzyTrade
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@NetWorthFocused, Dude I love your charts really good TA, strong information as well. We are looking at low volume for holidays which is correct. I had snap calls in October for January expiring $50 Closed 2 days ago
NetWorthFocused
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@FrenzyTrade bro, thank you!! I just looked at the $50 call chart. Nice return!!! Happy holidays pal