I last posted about $SNAP here, at which time I expected the advance to be ending, which we got, and since then the stock has fallen dramatically. As we stand now, I do not believe the decline is yet complete. And there are two fib extensions that land on the exact same price, which makes them a terrific target for the completion of its bear market. I have noted that on the chart below. On a percentage basis, it’s still almost 40% below its present price. But, down there, it may bottom for a very long time.
[Update]: This hit the target so fast that I doubt it will be such a long-term bottom. I will look to see if there is a lower target on this soon.
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