so the hottest IPO for the year(arguably) debuted during a nasdaq selloff at a price around 260$,the price declined for the next few sessions reaching a low of 208 where there was good support for the stock, having bounced back sharply its almost at the debut level and shows a lot of strength ,the stock has been closing around the days high
price with good volumes ,RSI on the hourly chart is around 68 and movig averages look good,the techicals and fundamentals of SNOW look very positive but valuation is a worry,however i expect the stock to continue moving upwards due to the low flotation and heavy demand for the triple digit growth rates the company is showing,
my taget 350$ by early next year
price with good volumes ,RSI on the hourly chart is around 68 and movig averages look good,the techicals and fundamentals of SNOW look very positive but valuation is a worry,however i expect the stock to continue moving upwards due to the low flotation and heavy demand for the triple digit growth rates the company is showing,
my taget 350$ by early next year
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lemme know what you guys think of the idea