Upside wick is actually better than it looks when lower tf is consulted .
Also you will see that low volume test from first idea ended up being higher volume by close and as a result inders moved price dwon in a falling volume selling rally . Now we have the opposite to upside . Good signs so far .
Entry 251.84, Stop 242.65
I have been watching snow since it’s been recovering from the sell off it had about a month ago.
Anyway, I have been trading a lot of intraday bounces and my prediction of QCOM yesterday was similar to this.
Nothing fancy just a bounce play that was confirmed with the level 2 data.
I always look through the order book to get an idea of who is buying and...
Unity is following Snow in this sequence and Unity should Rip up this week. Have the 01/21/22 110C's and look to play Unity through earnings next month. GL!
(red) short term levels and (white) mid term levels
$Unity $Snow #Investing #Options #Stocks
Snowman is ready! Big volume came in all day on Friday. A hold of $270 garners either consolidation and support of the level or a straight shot to $300+. Trade only invalidated with a loss of $250.
$SNOW I like this name and the cloud space. I've entered this several times in the consolidation phase when it looked to me that it was breaking out only to have it pull back in. I have it on my action list now if it can close over the 200 Day SMA. So that means either at the close today if it does or next week, if it does. All TBD. Ideas, not investing / trading...
SNOW has been wandering around a closed daily mouth since early March. Weekly is still below the balance line.
Down fractal of 184.71 is both the last fractal in the daily and weekly chart. If triggered, it would be valid both in the daily and weekly, with some energy for a run.
The trade will only be entered if the price goes below 184.71. If it does, we join...
We can see how an inversed shoulder-head-shoulder is being created. If confirmed the price could go as up as aprox 290$. RSI does not show any interesting view, but we can see a down trend right there in the last few days; in this line, MA (9) is falling,but I consider is just momentum. Moreover, $SNOW is reaching to its floor, so it could activate buy alerts; in...
Snow looks good:
May 27th was a big day on that solid move up backed with volume followed by a congestion period where sellers were seemingly nicely absorbed.
Then, looking at the last 3 sessions, June 17th had a nice volume validated move up , 18th we see sellers introduce some supply ( but nothing buyers were not able to handle as evidenced by lower wick and...
SNOW has been around since 2012 but IPO'd last year in September at a higher valuation than its initial public offer of $120. The IPO valuation started at $245 on Sept 16 2020 with the high of that day going all the way to $319. It didn't take long to reach an ATH of $429 right around December 2020. Ever since the ATH it has been in a momentum downtrend spiral...
