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No snow for Snowflake
Snowflake Inc.
Short
No snow for Snowflake
By Silvestrov
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Dec 28, 2020
0
Dec 28, 2020
SNOW
is one of the most overpriced companies you can find right now.
After post IPo rally, stock is struggling lately with poor relative strengh to Nasdaq.
Potential breakdown of Head&Shoulders gives potential for new lows at $200 right now.
However, its not low risk entry idea, so prepare for some volatility.
Equity
Head and Shoulders
overvalued
shortidea
SNOW
snowflake
Support and Resistance
Silvestrov
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