Snap's breakout is confirmed by heavy call-option volume; pullbacks to 618 or 607 are buying opportunities, with $76 as eventual target. Clearing the long-term trend line (around $766 by November) would open much higher upside, but Snap must first get above it.

We had breakouts on the charts today, specifically with SNAP. huge call volume input into Snap really back riding some of the big developments going on with Metamuse.

Speaking of beaten, look at Snapchat, guys. What an incredible breakout. Now, this is up 4.82%. We're not talking about the all-time highs, but the last 6 days or so have been nearly diagonally and then straight up hitting the explosion on the gas pedal right here literally is a blastoff like at SpaceX.

Now, what was driving today's volume was a heavy load of call options purchased on Snapchat. And if we remember on the chart of Meta, which we're about to look at here in a little bit, MetaMuse really helped Meta's chart take off.

thus these huge call volume uh options that were purchased within today as well as on Friday. Now what that's done to this chart is it's confirmed a breakout. So that tells us any sort of pullback on Snapchat down to 618 these previous pivots or even 607 can be a buying opportunity for price to eventually push up and touch $76.

really illustrate how low snap is on the chart. In addition, you can see these longer term uh trend lines and how you can generate these on your own. I took a trend line from all the way back in December of 2018.

And then I connected it with this low pivot that occurred on April 7th of 2025.

The Liberation Day lows, the low in which most tech stocks really put in their near-term lows and started rising from them.

Unlike Snap, Snap didn't hold those gains for for that long. As you can see, price eventually pushed higher, but then came back down, settled in, bounced up higher, came back down, bounced, and then bounced again.

And that tells me that this trend line, guys, is critical on the chart of Snap, specifically this low on the chart.

Now, we've already illustrated this breakout and the next key resistance at 706, but guys, the biggest resistance I see where Snap finds a lot of green room to run would be clearing that long-term trend line.

Anytime you can beat an extremely long-term trend line like the one I showed you 6 years ago that values roughly by the time we move through November, $766. Man, that will open up a lot of opportunity for Snap to push up much much higher on its chart.

But you need to get above that first and Snap clearly is putting in those call contracts uh creating that that train that has basically left the station already.

We'll see if we get any sort of pullbacks on that chart of snap in the near future.