SNAP: Good move up very soon

١٥ أغسطس ٢٠٢٣

On the chart, we see a wide consolidation channel, in which there is a set of positions and a new growth cycle for this instrument will soon begin. The first target is around $21.7, there is an unclosed gap. Look at the RSI, it is also approaching 30, which indicates that the instrument is oversold. The fair price today is ~ $36, if we apply the discounted cash flow system, so you can already form your positions in the long term.

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