Snap extends gains - Analysis - 31-01-2023

Snap's stock (SNAP) rose in the intraday levels amid the dominance of the upward correctional wave in the short term, while trading above the 50-day SMA, with positive signals from the RSI despite reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 11.92, provided it settles above 9.38. 

Expected trend for today: Bullish