SNOW a software megacap approaches earnings in one week LONG
Updated
SNOW has been running since about the 1st of February. It beat earnings in November by 50%.
Right now it is situated at the mean-anchored VWAP where institutions pick up and drop off
shares the most. Price is at the lower boundary of an ascending parallel channel and is now
about 8% less than the double top of last week at the top of the channel. Price at the mean
VWAP brings out volume and volatility. So does an earnings run. I see SNOW as a great
earnings play as ARM and PLTR were only weeks ago. This could be a huge trade like those
were. Good Luck to traders who take this trade!
Right now it is situated at the mean-anchored VWAP where institutions pick up and drop off
shares the most. Price is at the lower boundary of an ascending parallel channel and is now
about 8% less than the double top of last week at the top of the channel. Price at the mean
VWAP brings out volume and volatility. So does an earnings run. I see SNOW as a great
earnings play as ARM and PLTR were only weeks ago. This could be a huge trade like those
were. Good Luck to traders who take this trade!
Trade active
SNOW moving up in the ascending channel before and after NVDA reported. Full position forward.Note
Zagged lines are intermediate anchored VWAP lines - dynamic support and resistance.Trade active
Squeeze release and AI indicator guide a high of day of 230. If price action followswill raise the stop loss above the entry to secure a risk-free trade.
Trade active
SNOW fell on the disappointment of an earnings beat. Trader confidence in the stock will return in due time and fundamentally it has no issues aside perhaps macroeconomics. I will take this opportunity to scoop a discount sale before it goes away.
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