hello so after correcting from the ATH snow seems to bouncing back ,i think we just completed the 4th impulse wave and should now see the 5th wave,,lets hope the reversal holds in the next few sessions
hello guys so lets see how snow did in the last two days ,just after the results there has been massive volume spikes and long bullish candles are forming,the volume today was higher than yesterdays volume which is a great sign,as per the FIb extension we can see the next major resistance is at the 397-400 level,if it defeats that level next would be 465(the stock...
heyy guys,so SNOW seems to be in a consolidation pattern ,with support around the 230 zone and resistance around 255,it still seems to be digesting the listing gains ,once it breaks above 260 and holds it should rally ,lot of analysts have started reporting on the stock there median estimates are around 250 and high around 500 ,after this consolidation ends expect...
there seems to be a strong support around 235-240 zone ,the stock tested this support on multiple occasions and bounced back,if it breaks this support it might go towards 210 level,
snow seems to be forming cup and handle pattern with major resistance around 260-265 $ zone,if it breaks out with good volume stock should go higher from there,early in today's session it tried to break out but was rejected lemme know what you guys think or if im missing something
so the hottest IPO for the year(arguably) debuted during a nasdaq selloff at a price around 260$,the price declined for the next few sessions reaching a low of 208 where there was good support for the stock, having bounced back sharply its almost at the debut level and shows a lot of strength ,the stock has been closing around the days high price with good...