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SNOWFLAKE DRNSNOWFLAKE DRNSNOWFLAKE DRN

SNOWFLAKE DRN

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S2NW34 trade ideas

SNOW monster sized head and shoulders projects... 60!First, I truly hate this company, so there i have bias in this for sure! My 'day job' as CTO of a (non-competitive) data technology company, and SNOW offers a lot of hype and a pretty wrapper around things that already exist. Or rather, it's old crap with a new skin. I find their product useless and uninspiring. Now on to the TA: www.tradingview.com identified an H&S earlier today. While obviously I agree with those, I draw the lines a little bit differently using all data available since their IPO. This gives a neckline around 245 and the peak of 428 implying a potential drop of 428-245=183 from the neckline. 245-183 = 62. Given the current 'smack the high value tech company theme' recently, SNOW qualifies as one of the highest with a price:sales ratio 16th highest of all technology companies at 144.5. With insider lockups expiring soon, there could be additional pressure here. One of the best looking tech shorts atm.
NYSE:SNOWShort
by tacosaurus
2
$SNOW🧨🧨It is PRIMED for a ride up, IT is where i want it to be, it is in my (POI) zone, looking to open up a position but only thing thats holding me down is this RED market, once it turns green its going to fly. These red days are blessings in disguise. gives you and oppourtunity to get into a good stock for a very lucrative prices. Open small and stack if it goes further down. PLease do your own DD, my analysis is pure technical. USe proper stoploss, knowing when to get out is also a part of trading. Trade Safe.
NYSE:SNOWLong
by nakarmi
Short squeeze mini series# 13What Is a Short Squeeze? A short squeeze occurs when a stock or other asset jumps sharply higher, forcing traders who had bet that its price would fall, to buy it in order to forestall even greater losses. Their scramble to buy only adds to the upward pressure on the stock's price KEY TAKEAWAYS *A short squeeze accelerates a stock's price rise as short-sellers bail out to cut their losses. *Contrarian investors try to anticipate a short squeeze and buy stocks that demonstrate a strong short interest. *Both short-sellers and contrarians are making risky moves. A wise investor has additional reasons for shorting or buying that stock.
NYSE:SNOW
by samitrading
7
Falling pendant for SNOW finally showing some upward lifeSNOW has been in a falling pendant for weeks now, and I have continually expected it to break upwards. Now it finally seems to be making an upward move. It has held above a significant resistance/support range at 298-300 for several days, and it has bounced strongly off of that range on the hourly, intra-day chart. Possible resistance/target price points on the chart. I expect resistance around 320 to be the most significant. However, because SNOW has consolidated above 300 for several days now, I expect it to finally be able to break above 320 and make a significant run upwards next week. Earnings are coming up in early March, which will also attract increased interest in SNOW over the next few weeks. Stop loss at around 298, and if it does break 298, watch for it to find support around 285 or 265. If it finds support at either price point, I would pick up shares or long term, at the money options/leaps. Both price points have provided significant support (daily and intraday), and I think SNOW is a great long term investment. Current positions: SNOW 02/19/2021 270.00 C SNOW 02/19/2021 300.00 C SNOW 03/19/2021 290.00 C SNOW 03/19/2021 305.00 C Obviously these are my own opinions, so please do your own research and invest wisely.
NYSE:SNOWLong
by spdcons
2
continued snow bullish signalsGreat trading session on snow today. looking at the hourly chart we see that again, SNOW price rejecting that 298-300. the last time it touched this area the candlestick for that hour formed what appears to be a dragonfly doji. Great bullish sign for Snow to finally make a move. Additionally, The Golden Cross is beginning to come into play which is when the fast Moving Average of 50 goes above the slow Moving Average of 200. Also, looking at the MACD the selling pressure is diminishing and is showing that the buying pressure will soon go above the zero line. Today Snow had to close above 205.85 and it did. All these are continuous confirmation to be bullish on SNOW. The only concern is the amount of volume. We need a huge amount of volume and buying pressure to make this stock launch possibly to 340, which is my first TP. The good news is that Mondays are usually green with lots of trading volume so as expected next week might be the run for SNOW.
NYSE:SNOWLong
by miguelsique
2