Snapchat ($NYSE:SNAP) ready for breakout?

17 Haz

SNAP Snapchat has been trading in the downward channel from a while and seems ready to do the breakout if critical support level $15.50 is held. This level has been tested multiple times in the past and hopefully the bulls are ready to take an action. As of today, Snapchat is running above all EMAs (9,21,50,200).

Multiple Analysts have changed the rating to Hold with a price target of $18.00 - $20.00 in near short term.