SNOW another technology company tolerating Bidenonomics LONG
SNOW on the 4H is seen trending from from earnings in May with the great top line
and okay bottom line with a big uptrend into a sideways wide range channel.
It is now low in the channel but still above the long term anchored mean VWAP which
is the logical stop loss for any long trade setup. Confluent support is the POC line
of the visible volume profile with the upper high volume profile providing the
the expected range of a long trade. The Volume Price Trend indicator
and the MACD are synergistic in their confirmation. Fundamentally, SNOW is in
the AI revolution and its role in streamlining processes and lowering costs for the government
and businesses. The logical target here, the second deviation above mean VWAP presently
at the 193.45 price level. This line pushed the price back down 4 times in the past 8 weeks.
I see the quick 10% upside as good for a long trade knowing well-managed options
trade could produce 100-150% easily in capitalizing on AI software tech and the heavy
hitters of the new NASDAC leading the index higher and faster. What a great concept
more snow while the climate heat wave is unrelenting. I will enter here with a sizeable
stock trade while considering a 10-30 DTE call option to catch the ride toward the
target mentioned here.
and okay bottom line with a big uptrend into a sideways wide range channel.
It is now low in the channel but still above the long term anchored mean VWAP which
is the logical stop loss for any long trade setup. Confluent support is the POC line
of the visible volume profile with the upper high volume profile providing the
the expected range of a long trade. The Volume Price Trend indicator
and the MACD are synergistic in their confirmation. Fundamentally, SNOW is in
the AI revolution and its role in streamlining processes and lowering costs for the government
and businesses. The logical target here, the second deviation above mean VWAP presently
at the 193.45 price level. This line pushed the price back down 4 times in the past 8 weeks.
I see the quick 10% upside as good for a long trade knowing well-managed options
trade could produce 100-150% easily in capitalizing on AI software tech and the heavy
hitters of the new NASDAC leading the index higher and faster. What a great concept
more snow while the climate heat wave is unrelenting. I will enter here with a sizeable
stock trade while considering a 10-30 DTE call option to catch the ride toward the
target mentioned here.
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