SNAP eyes on $11.75: major support that could mark "the bottom"

SNAP just got dumped on last earnings report.
It has since been testing a most important level.
Tight confluence of two Golden fibs marks the spot.

$ 11.72-11.76 is the exact zone to be held.
$ 13.16-13.35 will be first serious resistance.
$ 15.99-16.29 would make a nice final target.

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Comment:

Bottom in?

Or at least found a clean support

Zoom in (m5)

Perfect Ping on Genesis fib at $10.09,
then a break of Covid fib at $10.37.

Just above we have another such couple

Now we can expect some consolidation,
hopefully in the range of $10.09 - $10.90.

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Comment:

Nice lift off bottom, right up into our major goldens

Zoom in (m5)

Nice stair-stepping up the fibs,
right into a Ping off a Golden Covid (dashed) fib that reinforces the Genesis fib (thick).

NEXT:
Expecting some pullback here from double goldens,
but likely to break and retrace some of the earnings drop.

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