It's time to manage SNAP after its earning

From Investopedia, a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows.

SNAP is in an ascending channel.

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• When the price hits the top of the channel, sell your existing long position and/or take a short position.
  
• When the price is in the middle of the channel, do nothing if you have no trades, or hold your current trades.
  
• When the price hits the bottom of the channel, cover your existing short position and/or take a long position.
  
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During a rising channel, focus on buying near the bottom of the channel and exiting near the top. Be wary of shorting since the trend is up.