My fractal analysis of this stock shows we're possibly trading the last leg of the post IPO dip.
Snap should be an easy BUY provided we wait for a clean break of the blue downward trend line.
The stage is now set for commodities to produce the long awaited rally. Please do NOT jump in without a trade plan as many entry opportunities will be presented in the coming days. You must wait for them to confirm your trading or investment strategy before pulling your trigger.
Patience is virtue!
Not sure what to make of crude at this juncture. It looks like oil is riding towards 58 i.e the channel top with a CCI divergence to support that case. But the risk of breaking lower is still very present. Any idea guys?