$SNPS Should Get At Least One More Lift

$SNPS is between fib extensions and I wouldn’t expect it top here for a major correction at this level. I expect this to be a relatively brief pullback before making its way, in the very least, to the next fib (I wouldn’t be surprised to see it go even further, but one step at a time). Oversold on this timeframe, it’s still free to fill out that little broadening formation a bit and form a proper divergence if it needs to. Daily RSI suggests there’s plenty more room to run as there’s no divergence between peaks at all.

SNPS

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