Elliott Wave analysis here indicates this will put in the third and most powerful impulsive wave soon with a first conservative target above. Count is invalidated below 279.10. Note that the projection here is the price level and the time this price is reached is not an exact part of the projection here.
No one knows better about $SNOW #SNOW than @K_K88
I hope it's the time!!!
What do you think? Is it time for $SNOW #SNOW?
I am not familiar with Snowflake. Without googling, I do not know anything. What is the product they're selling. I have no idea about the man behind the wheel.
Two subsidiaries: CryptoNumerics and Numeracy. Find what are these two subs from...
SNOW is the new darling, GS just upgraded as a top 10 software stock for 2021. IBM just reported earnings it got killed AGAIN!
For the same price (valuation) though, if I am in a cave by choice for 3 years and forced to make a decision, I would park my money at IBM as it still a cash machine. Narrative or not.
SNOW a great new startup with a great CEO, but as...
I love this IPO but I am currently bearish!
Expect some healthy profit-taking to occur with a proper correction.
As. always informational only GL to all.
SNOW looks like its heading back down to support at the 270 level, its under the moving averages and is got underneath its downward resistance. A rounding formation has developed on the daily, and looking at the hourly it has the potential to make another leg down to test support again.
$SNOW setup is still valid. Price has held above the $280 demand zone.
There was also a lot of unusual options activity the past few weeks. Here are a few notable trades:
SNOW $1,628,900 SWEEP $335 CALLS 02/19/21 635 @ $25.65
SNOW $1,352,614 SWEEP $330 CALLS 02/19/21 501 @ $26.99
SNOW $584,795 SWEEP $400 CALLS ...
This one is headed for the dumps. Dead cat pattern right here. I'm not insulting cats, it's just a pattern. Remember, when I say a stock is headed for the dumps, I mean the stock, not you, courageous longer-er of SNOW. You're not a bad human. SNOW is just primed for a market-wide dump. Don't feel like you need to defend SNOW. Stocks don't have feelings either....
Looking to long $SNOW into the 350-360 range off of this falling wedge/inverse head and shoulder combo.
Notable order flow supporting this idea is:
**all 2/19/21 expiration**
$400C $585k sweep
$335C $1.6M sweep
$330C $1.4M Sweep
*1/29/21 expiration**
$355C $104k block
$380C $270k block
Safer play would be selling puts on this. Possibly 2/12/21 $285P for ~$1800...
![SNOW: $SNOW | Snowflake Inc: Bullish Falling Wedge Breakout [Update 2]](https://s3.tradingview.com/p/PgWNaW8R_mid.png "$SNOW | Snowflake Inc: Bullish Falling Wedge Breakout [Update 2]")
