JeffCheung

Head & shoulders pattern on SNOW.

Short
NYSE:SNOW   Snowflake Inc.
SNOW
It looks like the neckline for this head & shoulders pattern has been broken.
Please be patience and wait for the price to drop to the highlighted demand zone, or even the measured level of this H&S pattern if you like this stock and wanna invest in it. (This is the most famous IPO in 2020 with blessing from Warren buffett:))

Alternatively if you wanna open a short position, the stop loss should be put above the right shoulder, and please expect the potential re-testing of neckline, it happens most of the time:)

Cheers.
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