Snap trades in tight range - Analysis - 23-06-2022
Economies.com
2022-06-23 11:46AM UTC
Snap's stock climbed 1.79% in the last session, or 23 cents, settling at 13.08, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, as the RSI reached overbought levels.
Therefore we expect the stock to return lower, targeting the support of 10.50, provided the resistance of 20.95 holds on.
Expected trend for today: Bearish
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