Any current thoughts on this @DaBears1 ? Seemed like there was a large buyer at the drop to 260 that drove it up to 280 instantly. Right now it's hit the 286-287 level 10-20 times and keeps bouncing back down. Can't tell if that means people that bought lower are slowly selling out of their large positions or it's just the lack of volume. This is the same volume (1-2 mil shares per day) that was happening before the last time it took off.
@DaBears1, thanks for the chart 👍I've mostly been following the Visible Range levels and looks like there's strong support building at 285. There could be an inadvertent pump today because a crypto that uses the same ticker SNOW is blowing up on Twitter because it went up over 30% this weekend
@justridingwaves, Hard to say; It was pretty close. I'm watching the volume this week and whether or not $242 support holds. Low volume and a close below $242 would tell me there's a good chance for a buying opportunity in the low 220's. Wish I knew for sure!
justridingwaves
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@DaBears1, yeah totally just was asking for your opinion haha I'm still new to this but have been watching SNOW every day. Did you see that Institutional shares jumped from around 56% to 71% today. Does that have an effect on volatility do you know?
justridingwaves
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I wasn't expecting SNOW to fall in the correction since it registered with NYSE instead of NASDAQ. With no volume this stock doesn't move if AAPL is going down.
justridingwaves
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Woah. I've seen people make obvious predictions on here but this one was completely unexpected and accurate. Nice work.
OG8trader
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Your previous analysis was spot on! Watching closely on this one this week! Great work!