Snow Fall

Snowflake is a cloud data provider. The sector has so much competition, its almost too much to list. Which is another reason i am shorting this company. "When the Caribu numbers became to great, the wolves would run in to thin the herd." I believe this is what is occurring right now, each data provider is vying for supremacy. Companies like Facecrook/meta are also in the business. Some will be cannibalized, others will simply fade away. Catalyst: Quarterlys are right around the corner and I 've had my eye on it for some time. Below you will see alot of insider selling, for the past few months. Where there is smoke there tends to be fire. Short float and interest are not overwhelming, its still relatively high at 3.4% Balance Sheet: As you can see below the company is struggling to keep its head above water, hemorraging cash left and right. I don't think there is a single positive number on the whole page. If they can't turn these numbers around the companys toast. Charts: Provided two charts, tradingview and ThinkorSwim. You'll notice on the ThinkorSwim chart my indicators are focused on Volume and Mathematics. RelativeVolumeStDev. shows a demand zone which puts heavy pressure on the 352 price. Price will not go above this. Accumulation/Distribution indictes its in its Accumulation phase, with lower volumes. Accumulation/Manipulation/Direction. Other chart is simply 3 EMAs 200, 55, 10, with fib points. This will be a mover

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Snow Fall

Nov 24, 2021

bearish

general Analysis

[1 min Read]

Snowflake is a cloud data provider. The sector has so much competition, its almost too much to list. Which is another reason i am shorting this company. "When the Caribu numbers became to great, the wolves would run in to thin the herd."

I believe this is what is occurring right now, each data provider is vying for supremacy. Companies like Facecrook/meta are also in the business. Some will be cannibalized, others will simply fade away.

Catalyst:

Quarterlys are right around the corner and I 've had my eye on it for some time. Below you will see alot of insider selling, for the past few months. Where there is smoke there tends to be fire. Short float and interest are not overwhelming, its still relatively high at 3.4%

Balance Sheet:

As you can see below the company is struggling to keep its head above water, hemorraging cash left and right. I don't think there is a single positive number on the whole page. If they can't turn these numbers around the companys toast.

Charts:

Provided two charts, tradingview and ThinkorSwim. You'll notice on the ThinkorSwim chart my indicators are focused on Volume and Mathematics. RelativeVolumeStDev. shows a demand zone which puts heavy pressure on the 352 price. Price will not go above this. Accumulation/Distribution indictes its in its Accumulation phase, with lower volumes. Accumulation/Manipulation/Direction.

Other chart is simply 3 EMAs 200, 55, 10, with fib points.

This will be a mover

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SNOW

Snowflake Inc.

139.10

0.04
0.03%

Return

-
Position Return %
0.00
Position Return
350.31
Price When Posted

Metrics

298.51
Target Price
9/ 10
Confidence
1-2 Weeks
Timeframe
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Earnings Release
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News
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SEC
Filing
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Sentiment
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