Short-term buy for SNAP due to oversold signal

שלשום

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 7.13

אתמול

עסקה פעילה

Bullish rebound is a success after a strong follow through beyond 8.00