I'm not sure what will happen with earnings tomorrow, but even if it's positive, the highest that I see snap going is to retest the top of the bear flag around $40-41 (or on an extreme move, a wick to $43).
After that, I think it sets up a reset of the RSI to fall lower. I think we'll likely see $SNAP in the $14-22 region over the next few months.
After that, I think it sets up a reset of the RSI to fall lower. I think we'll likely see $SNAP in the $14-22 region over the next few months.
Comment:
Target hit.