Long entry from the correction level. In our opinion, SNAPCHAT's exchange rate will reach USD 16,52 in the coming weeks. We choose this as a primary target place. When we reach this, we close our long position.
Comment:
The SNAPCHAT share reached our correction line around 12.47 usd. We expect an increase from this level. If this does not happen and a significant drop is visible, we throw the long strategy.