SNX Technical Analysis in Weekly Timeframe

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Now, let’s dive into this chart analysis:

The chart shows a historical trend with significant volatility, indicating potential for substantial movement in both directions.

Currently, SNX is trading near its crucial support level at $1.50. A close below this support will likely pull the price toward the lower support at $0.731.

The chart is likely to get invalidated for the bullish outlook if breached.

The projected upside target of $28.935 suggests a massive potential gain if the price action reverses and gains momentum.

An 18x gain isn't gonna be an easy task for $SNX.

Key levels:

- Crucial Support: $1.50.
- Lower Support: $0.731.
- Target: $28.93.
- Invalidation Point: A close below the lower support.

DYOR, NFA.

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