TradingView
TraderGG100
Dec 20, 2020 3:24 PM

The sell off fear is over, time to buy  Long

Snowflake Inc.NYSE

Description

Snow has found Support at the 20D SMA
Given the stock release sell off fear is now over, only good days remain for now

I 'm aiming to buy here and sell prob 380-400 region, and assess further re can it go higher.
Comments
weamins
What is your opinion on after today's close? Do you see it is heading below 300? Do you see H & S on daily? thx
TraderGG100
@weamins, The daily Candles closing below the 20 Daily SMA invalidates the trade. The 4 hourly closing below the 4Hr 20 SMA and rejection off, with -ve MACD is a bad sign that the probability that we are instead heading lower. Sad days for Snow.
kmtcapital
I see a pennant which means continuation to (probably $250 or even lower)
More