FXstreet

Snap’s stock (NYSE: SNAP) has lost approximately 76% YTD as compared to the 12% drop in the S&P500 index over the same period. The weekly price is located below Ichimoku cloud in the bearish area of the chart. The price on secondary ranging within 9.34 support and 16.55 resistance levels waiting for the direction of the rally to be started or the bearish trend to be continuing.

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