Snowflake Inc.
Short

Top 5 Weekly Trade Ideas #1 - SNOW Bear Flag

SNOW has been pretty choppy lately if you ask me, but I do see some opportunity if it finally moves off of this area it's been at since the last earnings dump.

Nice looking bear flag here on the 4hr. I like puts with a stop above the bear flag, you could also wait for a downside break for more confirmation to enter. First downside target would be the previous all time low around 110. Final target is the flag pole projected target. I chose 95 for a nice whole number, it's hard to pick a target when a stock is making new all time lows, so I'll just be looking to scale out on any drops and see if it can hit 95 if I enter the trade.

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