SNM Global Holdings (OTCMKTS:SNMN) stock continued to edge higher on Wednesday as the stock witnessed a huge rise in price along with massive volume. Moreover, the stock reached its new high in the previous trading session.
SNMN stock closed higher by 20.59% to close at 0.0041. What is more interesting is that the stock had witnessed its highest one-day volume since mid-January. Total volume for the session stood at 538.12 billion shares, compared to its average volume of 30.80 million shares. The stock had started the session with a minor jump and picked up momentum in late-morning trading as the stock went to a new high. The stock has been gaining momentum over the past few trading sessions and up 80% in the past week.
So what triggered such a big move? Well, there was no news and as we all know penny stocks often do need news to trigger a big move.
The company had a market capitalization of $95.42 million (based on the closing price on July 7, 2021).
SNM Global Holdings, Inc., together with its subsidiaries, provides international south Asian media, entertainment, and marketing services with operations in the areas of publication, broadcast television, radio, Internet, film, television production, events, advertising, and marketing.
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 0.0009 | 0.0020 | 0.0031 | 0.0042 | 0.0053 | 0.0064 | 0.0075 |
| Fibonacci | 0.0020 | 0.0029 | 0.0034 | 0.0042 | 0.0051 | 0.0056 | 0.0064 |
| Camarilla | 0.0035 | 0.0037 | 0.0039 | 0.0042 | 0.0043 | 0.0045 | 0.0047 |
| Woodie | 0.0002 | 0.0017 | 0.0024 | 0.0039 | 0.0046 | 0.0061 | 0.0068 |
| DeMark | – | – | 0.0036 | 0.0042 | 0.0059 | – | – |
 Stock Extends Rally: Hits New High On Solid Volume){kind=link}