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Snowflake Inc.

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SNOW trade ideas

SNOW 322 Retracement Target: 300, 280 and 250SNOW 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 the market, that would be 60 mil shares plus? The following are IPO price info and freed lock up share info, a stunning value ascending based on traders' hungry appetite. "The expiry of the lockup could weigh on share price accretion from here, as early holders sell and SNOW's free float rises from 32.2 million to 345.8 million shares in March 2021," Colville said. In September Snowflake kicked off trading at $245 a share, more than double its already lifted initial public offering price of $120, solidifying it as the largest software-focused IPO ever. Snowflake originally set a midpoint range of $80 a share, but raised it to a midpoint of $105." www.thestreet.com Technically SNOW has been in chop if we overlook the one-week stunning run of more than $200 on a $250 stock; and that 250 would be likely the base by Spring.
NYSE:SNOWShort
by Jonas99
4
Extremely Simple SNOW Long-Term Trade/InvestmentExtremely 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 premiums) Hope you enjoy this simple trade idea! Don't forget to follow and like, as I post trade ideas daily. Happy trading!
NYSE:SNOWLong
by tacosaucewalkin
SnowFlake to 500 Still in play, calls not changed from last weekBuy the Dip until proven otherwise in Bull trends! Correction probably due to profit taking/ selling in anticipation of Dec 14 Snow Lock up Expiry Elliot wave theory suggests another wave 5 to come, with wave 4 correction. Descending wedge on correction - higher probability of upside move I have bought early at 377, a bit early in hind sight, But If you see my previous posts I sold the local top area on 8 Dec so I am actually re buying more shares by selling high and buying more lower. Buying more at current levels on Monday open. These are opportunities to make money. Buy during fear and the rewards are greater than buying in areas without fear. SNOW TO 500!!
NYSE:SNOWLong
by TraderGG100
2