Yes, I think that it is. On the 15-minute chart, the price action of the post-earnings
drop is seen The earnings beat the analysts. Price has started a low momentum
recovery. The dual time frame RSI shows the low/blue line RS rising above the
high/black line. SNAP is in the deep oversold and undervalued territory in the area
of the lowermost intermediate-term anchored VWAP lines. The mass index indicator
triggered a reversal in the pre-market hours today. I will take a cautious long trade
here expecting a price appreciation to 11.8 at or below the mean black VWAP.or about
10%.
drop is seen The earnings beat the analysts. Price has started a low momentum
recovery. The dual time frame RSI shows the low/blue line RS rising above the
high/black line. SNAP is in the deep oversold and undervalued territory in the area
of the lowermost intermediate-term anchored VWAP lines. The mass index indicator
triggered a reversal in the pre-market hours today. I will take a cautious long trade
here expecting a price appreciation to 11.8 at or below the mean black VWAP.or about
10%.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.