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benjihyam
Apr 20, 2022 4:30 PM

$SNAP to $14-22 Short

Snap Inc.NYSE

Description

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.

Comment

Target hit.
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