Snap Inc. Stock Code SNAP.NYS
Outlook
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
Strategy
$64.05 Buy
$68.80 Price Target
$60.80 Risk Management Stop
3 weeks Trade Duration
