SNAP has been way oversold for a period of time and is getting ready for a possible mean reversion to the upside. Volume has been climbing steadily and this indicate renewed bullish interest. SNAP is likely to continue higher should it breaks US$8.00 psychological level. Ichimoku shows two out of three bullish golden cross. Stochastic has confirmed its oversold signal. 23-period ROC is back into its positive levels. Near-term target is at 9.18 should 8.00 breaks. Cut if stocks falls below 7.13Trade active
Bullish rebound is a success after a strong follow through beyond 8.00
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.