Snap tries to vent off overbought saturation - Analysis - 12-02-2019

SnapChat's stock fell 1.21% in the last session, or 0.11 points, while venting off overbought saturation in the RSI, while hurt by piercing the main downward trend line recently in the short term, with positive support from the 50-day SMA. 

Therefore we expect the stock to return higher, as long as the support of 7.15 holds on, targeting the resistance of 10.50. 

Expected trend for today: Likely Bullish