SNAP made a low of 13.35 shortly after that last update, a mere 4 cents above the 13.31 support, providing an optimal entry and gaining as much as 9% from there so far. Trading up in pre-market today as well. Watching for a 60-minute close above Monday’s reaction high of 14.59 to open the door for a move up to the second price target. Congrats if you bought that dip.

Yes, I think any pullback to just above the 13.31 support level with a stop on a 60-minute or daily close somewhat below is objective for a swing trade up to the second price target. This pullback seems perfectly normal & could help the case for another thrust higher as it resets the near-term overbought conditions. With that being said, anything can happen so a well-placed stop can either lock-in profits or limit losses if the recent bounce in SNAP proves to be just a counter-trend rally in a on-going downtrend.