Is $FSLY's support all the way at 73? Good buying level at 73
Snow is a short here with a target of 235
on watch for next week for an eventual short covering event.
786 Gartley harmonic on SNOW. 4H bull div is already coming together quite nicely.
NYSE:SNOW is one of the most overpriced companies you can find right now. After post IPo rally, stock is struggling lately with poor relative strengh to Nasdaq. Potential breakdown of Head&Shoulders gives potential for new lows at $200 right now. However, its not low risk entry idea, so prepare for some volatility.
SNOW 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...
FB 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...
$SNOW is strong. Perhaps the most expensive stock in tech, but the market doesn't seem to care that much. We are trading the possibilities. #tradeidea Broken Wing Butterfly +1 Dec 24 $355c -2 Dec 24 $360c +1 Dec 24 $362.5c Cost bases: ~$0.80 ~ 1.2 (bit spready on long strikes) Max $400 profit profit above $355.77
Extremely 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...
Head and Shoulder MACD crossover Fading RSI
SNOW Bullish Bat Completion - now in take profit mode. Entry at D and will sell half at 1st take profit 38 fib
SNOW was the new shiny thing - up over 75% of the IPO price in just over 50 some trading days. Now the new kids are in town. $DASH $ABNB $DASH IPO coincided with QQQ sell off. $ABNB is coming Thursday. SNOW is selling and more down trend in QQQ to be expected. Profit taking time? Playing PUTs when the price hits as high as $383 on the bounce. Price Target $340
BUY THE DIP! Good morning traders, as we look at SNOW on larger timeframes we see a well-needed correction after this IPO made a push toward even more all-time highs. This week could be the last of being able to grab it around this price. Looking at price action, there are a few things to consider starting with the retest of $301. $301 shows as a strong level...
I m feeling that share dilution is gonna cause the wedge to breakout and cause a dip. Offloading position today
If price holds above 340, we could see another impulse, if it keeps breaking below 340, it should hold above prior resistance around 300...