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TraderGG100
Dec 13, 2020 12:08 PM

SnowFlake to 500 Still in play, calls not changed from last week Long

Snowflake Inc.NYSE

Description

Buy the Dip until proven otherwise in Bull trends!

Correction probably due to profit taking/ selling in anticipation of Dec 14 Snow Lock up Expiry
Elliot wave theory suggests another wave 5 to come, with wave 4 correction.
Descending wedge on correction - higher probability of upside move

I have bought early at 377, a bit early in hind sight, But If you see my previous posts I sold the local top area on 8 Dec so I am actually re buying more shares by selling high and buying more lower.

Buying more at current levels on Monday open.

These are opportunities to make money.
Buy during fear and the rewards are greater than buying in areas without fear.

SNOW TO 500!!

Comment

Since Snow has fallen much lower than most peoples' anticipation, the road to 500 is delayed.

Prices would have had to hold 350 to maintain support above trendline, which if it did would have catapulted the stock higher before End of year.
Comments
weamins
Think SNOW can touch 320 before any buying..let's see
bonkers_trading
Wohoo...thanks you gave me more confidence for call options at 400 expiration Dec 31st.
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