Snap Inc.Long
SNAP: Bullish Divergence and Oversold
Snapchat has been on a downward trend for a long time. When this happens, it is good to look for divergences in price.
Fisher Transform: It looks as though the oscillator has made a higher low while the price has made a lower low. This is a sign for a bullish divergence.
Based on RSI it looks like SNAP is oversold and could see a short term increase in price.
Fisher Transform: It looks as though the oscillator has made a higher low while the price has made a lower low. This is a sign for a bullish divergence.
Based on RSI it looks like SNAP is oversold and could see a short term increase in price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.