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SNOW

SNOW 322 Retracement Target: 300, 280 and 250SNOW had an H&S topping pattern, the rapid post earning gains have all given back. Normally, one would expect a bounce, which could be to 350. But the 300 mil plus shares that become free tradable are very likely hit the market with plenty of supply, as holders waited until the new year to avoid the capital gain of 2020. Assuming 20% of the shares would come to the market, that would be 60 mil shares plus? The following are IPO price info and freed lock up share info, a stunning value ascending based on traders' hungry appetite. "The expiry of the lockup could weigh on share price accretion from here, as early holders sell and SNOW's free float rises from 32.2 million to 345.8 million shares in March 2021," Colville said. In September Snowflake kicked off trading at $245 a share, more than double its already lifted initial public offering price of $120, solidifying it as the largest software-focused IPO ever. Snowflake originally set a midpoint range of $80 a share, but raised it to a midpoint of $105." www.thestreet.com Technically SNOW has been in chop if we overlook the one-week stunning run of more than $200 on a $250 stock; and that 250 would be likely the base by Spring.
NYSE:SNOWShort
by Jonas99
4
FB 267 bearish until 250: broken daily support 267 & 200 MA 272FB advanced with vigor with a 5 EW move, until recently it started a corrective ABC move, of which we are in leg C that yet to complete. It has broken the daily 267 and 200 MA of 272. Likely test 250, as major support, and the previous gap-up line. Fundamentally, it is still a great business that yet to peak in earning power but we are in a market that money is chasing Newer and Shiny stories with rapid rotations. The large market is also likely entering a corrective move starting the new year when the delayed profit takers have sheltered their capital gain for 2020. And there is just so much easy profit from the lucky IPOs to absorb for the little guys playing with their real money.
NASDAQ:META
by Jonas99
3
Extremely Simple SNOW Long-Term Trade/InvestmentExtremely simple trade. SNOW is experiencing some price adjustment after experiencing a great rally for a few weeks. A classic "buy the dip" opportunity! I plan on doing two things once the SMI shows a bullish crossing: Purchase shares for my long-term investment portfolio Far OTM bullish put spreads w/ 2 month or greater expiration (depends on premiums) Hope you enjoy this simple trade idea! Don't forget to follow and like, as I post trade ideas daily. Happy trading!
NYSE:SNOWLong
by tacosaucewalkin
Stock to watch: Snowflake Inc (SNOW) - re-uploadNYSE:SNOW Re-uploading the original idea from Nov 24 (which was brutally deleted by the moderators LOL) 👇🏻 Original chart from Nov 24 Original idea was: May be an interesting stock to trade: Buy/Sell Zones Indicator shows that the price is in the green zone, indicating buyers interest. Targets for Long play may be previous highs up to 1 Fibonacci. The pre-market shows a small potential recoil that can give a good Long entry point. The bias didn't change much - Long may be taken at a potential pullback + extend targets up to 1.618 Fib or even higher. Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
NYSE:SNOWLong
by randomname11
1