There is a multi year resistance around $205 for
SNOW
Signs I'm looking for:
Top of channel to become support, a bounce off there and a move into $220 should confirm that.
I want to see the SuperTrend indicator stay green, upwards of the level of where the red downtrend line exists.
SuperTrends on higher time frame charts work the best. It's often pretty solid when used on individual stocks rather than an index.
Take a look at the supertrend (strategy) and mess around with different time frames. You'll see the cumulative return is very high, often much higher than just buying and holding the equity.
Let me know what you think : )
SNOW
Signs I'm looking for:
Top of channel to become support, a bounce off there and a move into $220 should confirm that.
I want to see the SuperTrend indicator stay green, upwards of the level of where the red downtrend line exists.
SuperTrends on higher time frame charts work the best. It's often pretty solid when used on individual stocks rather than an index.
Take a look at the supertrend (strategy) and mess around with different time frames. You'll see the cumulative return is very high, often much higher than just buying and holding the equity.
Let me know what you think : )
Comment:
it's more a triangle than a channel. Sorry for missing that distinction : )
Comment:
Lets go ❄ Snowflake!
