Snap trades in tight range - Analysis - 23-06-2022

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.

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Expected trend for today: Bearish