WOW! Almost a 50% drop from Friday’s high! In one trading session! 3.36 to 1.83 on the same day Nasdaq is in historic high territory! Is this a crazy buying opportunity or fools gold snake oil trade?

Par for the course on a low-priced, thinly traded stock like SNES. Basically, the was a lot of upside momentum on Friday with high volume once it became clear that the breakout was valid. As such, the stock made a brief momentum-fueled overshoot of the 2.79 target/resistance level followed by the typical reaction/pullback off the initial tag of that level following the breakout.
2.20 should now act as support (but bearish if it doesn’t, especially a solid close below) as well as an objective entry or re-entry point (with a stop somewhat below) and/or the next objective entry on the next solid break above 2.28 and/or Friday’s high.

~35% reversal IIRC. Kinda tells you why taking profits on monster moves is better than finding yourself missing on most of it by the EOD. Still above $2.20 so maybe gonna hold there and then power through the yesterday’s mid-day high (~$3) next week. Who knows, but it was a good time to book profits since it became so overbought and I looked at previous highs with overbought reading, all the same – correction.