Snap went up about 50% this week with its RSI hitting 92 on the daily chart; making it one of the most over bought stock on the NYSE.
Look at locations volume has increased. I don’t think the volume justifies the move up it made. The company only saw a 4% increase in usage from last month but that doesn’t justify its price. It could go higher but I am slowly adding puts because when it comes back down to 35 it will come down strong.
Look at locations volume has increased. I don’t think the volume justifies the move up it made. The company only saw a 4% increase in usage from last month but that doesn’t justify its price. It could go higher but I am slowly adding puts because when it comes back down to 35 it will come down strong.