SNOW Trade on Dec 16, 2020 11:39 from thefudawg: Tradervue User Stock Trades.

SNOW had it's lock-up expiration yesterday and we saw some profit-taking with 25% of the pre-IPO shares available to be sold. We lost the IPO high ($319), but recovered it quickly and it really ramped up the last 25 minutes of trading session yesterday. SNOW closed above $328 on and had an AH high of $335.16, which was a key level for today.

On open we dropped through today's 21 EMA and under yesterday's 21 EMA of $323. Didn't quite make it back to $319 but we started to push back up through the 8/21/VWAP but ultimately got stuffed at cloud. Was going to enter here if we could break through with force, but price action told me otherwise. We chopped in this range for the next hour+, with diminishing volume.

When the volume was almost t the lowest (¼ of VolAvg50) and then suddenly started to pick up, I had SNOW on my radar again. SNOW pushed into the 1m cloud and we got a bullish 8/21/VWAP crossover, along with a bigger relative spike in volume, and the squeezepro histogram showing the start of a strong buying momentum. I got in with the first candle of a massive buying volume, stayed in until we pushed through $331 and almost hit the AH high. I wasn't confident of the strength here so I locked.

We got a small pullback here and then started to pop again, so I re-entered at 1/2 size and held it through the massive push through AH high ($335.16) and locked on that push for maximum premium. We started to base here, so I got back in one more time at 1/4 size and then locked on the next pop.

Could have held the whole time, but with quad witching and the low volume for most of the market - preferred to risk on and off instead of slightly more return.

Grade: A++