Admiral Markets Group consists of the following firms:

Admiral Markets UK Ltd

Regulated by the Financial Conduct Authority (FCA)
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    1:500 for professional clients
  • FSCS protection
  • Negative balance protection
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Admiral Markets AS

Regulated by the Estonian Financial Supervision Authority (EFSA)
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    1:30 for retail clients,
    1:500 for professional clients
  • Guarantee Fund
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Admiral Markets Cyprus Ltd

Regulated by the Cyprus Securities and Exchange Commission (CySEC)
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    1:500 for professional clients
  • ICF protection
  • Negative balance protection
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Regulated by the Australian Securities and Investments Commission (ASIC)
  • Leverage up to:
    1:500 for retail clients
  • Volatility protection
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Trading Roundup: Discover Snapchat – One of the Top Market Movers This Month!

March 02, 2018 12:55

Source: Pexels

In case you didn't know, Snapchat is a messaging and multimedia mobile application that lets you easily talk to friends, follow celebrities, view live feeds – stories – and discover news from around the globe.

Snapchat has recently caused a stirrup with its re-design. Some users are – obviously – protesting, unsatisfied with the new features introduced by the company's developers, while the curiosity in new users is pushing the download rate way up.

In the U.S. alone, Snapchat downloads went up 41% to 76% in the week following the redesign rollout earlier this month.

This once again proves that negative reviews are just as effective in causing big spikes and waves. How so? Luckily, most users are curious enough to try things out for themselves and not fully rely on the opinion of others before delivering their final verdict.

Let's have a closer look at what happened to Snapchat (#SNAP) in terms of share price!


Overview of Snapchat CFD Price

Bullish Marubozu Open Candle Configuration

Source: #SNAP, Admiral Markets MT5 with MT5 add-on, H8 chart, Mar 2017 - Feb 2018

The #SNAP stock has spiked heavily, leaving the bullish Marubozu open candle configuration in the 8h charts. The candle alignment – W 1-2-3 bullish and Marubozu open above Monthly L3 (M L3) – and Quarterly H3 (Q H3) levels suggest further bullish pressure. Marubozu open candle is a strong momentum candle, and traders might also trade the candle itself using the HVT method explained in the Price Action Trading School series. The 8h chart suggests a possible continuation from any of the two POC zones. The first POC 16.21-17.16 and the POC2 14.03-14.85 are zones where we could expect the price to bounce. The targets are 19.46, 20.37 and 21.62. Only above M H4, the price could close the gap between 21.89 and 22.81.


Admiral Markets Offers Snapchat Share CFDs and Much More!

One broker, countless financial products for you to trade. Explore our full range and find out more about our products in your own time!

If you're still not sure where to start, we highly recommend that you open a Demo account and learn in detail why, how, and what to trade.

Remember to always follow appropriate Risk Management practices and protect your trades with our great package of advanced Volatility Protection Settings!


Wishing you a fantastic weekend and safe trading,

Olga & Nenad

trade forex and cfd


References

  1. TechCrunch

Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.