IPO intraday trading strategy idea Snowflake is a cloud software company. The share price is rising and gonna continue this trend today. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price today. So I opened a long position from $278,31; stop-loss — $199,31 information about...
After doing my research i find that this stock is heavily overpriced comparing to many other cloud companies there is little opportunity for this company to be worth over 20 billion, current market cap 70 billion. Evaluated at 12.4b in february of 2020 the current price seems highly unlikely to stay or even grow.
If you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. Google (GOOGL), Amazon (AMZN), and Microsoft (MSFT) all have one thing in common: they are tech giants in the field of cloud services In this analysis, I’ll be analyzing the fundamentals of Snowflake (SNOW), a...
Maybe it was better when only the aristocracy could invest.
I been waiting for the Snowflake IPO and JFrog IPO for a while. Weeks ago, when hearing about how much the proposed price for Snowflake could be, I already became bearish. The same happened with JFrog. Then they increased, and seemingly increased even more in price. Those who invested super early into the IPO on the trading floor or accredited investors who even...
Note how the pink line hits all of the candles. This is clearly a powerful bullish signal. It's practically the new TSLA, so get in while you still can.