CFD Trading – Buy SNAP Inc (SNAP.NYS) @ $64.05. Stop @ $60.80 and Target @ $68.80.

Snap Inc.  Stock Code SNAP.NYS

Price broke above the cloud and during a price correction, managed to hold above the lower edge of the cloud, keeping the uptrend intact. In the previous trading session, price broke above a recent high at $63.64, creating an Ichimoku V structure with a price projection target at $68.42. There is also a previous high resistance at $68.88. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend.  MACD is bullish and rising, hinting of a bullish price trend

$64.05                Buy
$68.80                Price Target
$60.80                Risk Management Stop
3 weeks              Trade Duration

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