SNAP Breakout Long (8/5/21)
Clean breakout on 4h/daily chart with double bottom forming around support levels. Could definitely retest ATH with volume and as long as major indices hold up, current price target around $79.
Support above the earnings gap up seems to have held up well, wouldn't consider puts/short unless we breach the level with volume.
Support above the earnings gap up seems to have held up well, wouldn't consider puts/short unless we breach the level with volume.
Trade active
Late posting as I was getting familiar with tradingview. I was filled for 8/13 77C at 1.54 yesterday, the premium is around 2.20 now but I still think this setup is valid. I may take some more profits later.Trade active
Our calls are now ITM, I'm taking profits on 1/3 of my contracts at 2.57 for a 66.8% gain.Trade closed manually
Volume dying down, I'll exit the rest of my contracts here for 2.24. Feel free to hold at your own risk.
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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.