๐ Double Digit Flip?
$Snowflake (SNOW.US)$ has the potential of double-digit returns. Let's take a close look and break it down with some technicals.
First, want are the pros saying?
What are the technicals indicating?
Resistance, Pivot Point, and Support?
What are the daily Moving Averages?
What do the other technicals, including the RSI, suggest?
Now, let's take a closer look at their income statement:
Their Balance Sheet?
Cash on Hand?
What do previous Earnings Reports look like?
Last but not least, let's take a look at the long and short interest. Then, the dark pool:
Watch the order book for large block orders dragging it down. The RSI is nearing the 30 BULLISH mark. Set your incremental alarms at and near support!
GL TRADERS!
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Operations Specialist, Shellback Sailor, Human Calculator, Long-time Investor, Stock Market Secrets, Technical Analyst.
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103869745 wen : Time to buy ?
Rockaphobic OP 103869745 wen : In an uptrend or bull market, the RSI tends to remain in the 40 to 90 range with the 40-50 zone acting as support. The current RSI has changed to 44.
Rockaphobic OP : Currently, it is sitting in the BUY range for MA's 5,10. Note that it is already below VWAP, and MA's 20,50,100, and 200.
Rockaphobic OP : Notice that the DTC, or Days to Cover, short interest is 1.68. A low DTC can indicate that investors expect the share price to remain stable or continue to rise.
Ginvest : Thank you so much for the analysis๐ซก
