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SNOW price target after Disappointing Growth ForecastSnowflake is facing strong competition from Microsoft's Azure and Amazon's Web Services. Snowflake expects product revenue for fiscal 2023 to grow between 65% and 67%, lower than 2022's 106%. In Q4 SNOW posted total revenue of $383.8 million, beating analysts' average estimate of $372.6 million. In 2021 they had 592Mil in revenue and negative earnings of 539Mil. The market cap was 81.075Bil yesterday. SNOW Snowflake went public in September 2020 at $120 a share. After the Disappointing Growth Forecast and a head and shoulders bearish chart pattern, my price target is $185! Looking forward to read your opinion about it.
NYSE:SNOWShort
by TopgOptions
4
Bitcoin to 10.000 USDHello everyone, today I want to discuss several impact targets fort he upcoming selling extension on BTC. This Chart is seen from a purely technical perspective and has nothing to do with fundamental knowledge about the Crypto market and its correlation to economical events such as the excessive money printing by the US, which can have an impact on the Crypto Market Cap. As you can see, Bitcoin has finished its B wave, which is made our of 3 waves (a, b and c). Wave B made a new high which is considered as an Flat Correction according to the Elliot Wave Theory. I have given multiple warnings in the past that this ISN’T a bullish breakout, which is now starting to crystalize itself as a big bull trap. I expect an acceleration of he sell-off within the next couple of days and weeks. Therefore, possible targets for an impact are the 0.618, C = A and 1.618 Extension as shown in the Chart. The final target of 10k isn’t just a doomsday scenario as news may have told you. However it’s the deepest target for our correctional Wave C which would end up in a Expendad Flat. For further informations please see below. I'm excited to discuss this Chart with you! RL from RT_Trading
COINBASE:BTCUSDShort
by RT_Trading_
7
USD/TRY High Volatility, strong sell-offWe said it 30 minutes before this massive short-selling. "it will go up until the Turkish Government decides to react." And they did. At Human traders we provided two selling signals, and we are short this forex pair. Volatility remains high and there are a lot of forex traders closing positions. For those who want to trade this one, we recommend you to stay on the sideline until the correction by that piece of news finishes. Then, we will close our position out and buy USD/TRY again for a long-term scenario with Forward Contracts.
Short
by alvaromroo
5
Hello Group lost big support levelThis stock has been slashed over this year. It has lost an important support level and it's following the same trend as other companies such as Robinhood, Bumble, Victoria's Secret, Vimeo or Deliveroo + the Chinese Crisis. We expect someday a trend reversal, so for now we recommend to place price alerts. Key level, the weekly resistance line (at $12 per share - a good one for selling-short). Moreover, it's not a bad entry for swing traders with stop loss on last lows, as a bullish divergence on the daily chart is almost complete.
NASDAQ:MOMO
by alvaromroo
1
Still Waiting on Southern Company*not investment advise. do your own research and invest at your own risk* $SO is presently in a sell-off. I saw this coming (see my previous idea on SO) but the movement's strength and momentum has surprised me. From what I've read, this doesn't appear to be related to anything significant beyond general market selling and a pervasive over-valuation fear that grips every sector. There have been hiccups with the nuclear project related to Vogtle Unit 3 (surprise...not) but reports I've read have misconstrued the premise. Southern Nuclear self-reported many of the cable non-compliances to the Nuclear Commission. This is a non-issue. Despite this, given the strength of the sell-off, I think we'll have a repeat of last year. Strong selling (probably profit-taking of those who bough early late 2020 - early 2021) going into winter with a noted downward trend until spring of 2022. Now would not be the time to buy up shares, in my opinion. If earnings are reported as strong this might alter my assertion, but the numbers would have to be impressive. Southern's fair value still hovers around $60.00 so any purchase at or below that mark would be acceptable. With less growth and higher risk-free rates (not likely over long term) one could fairly price the stock as low as $53.00 - $48.00. I don't think SO will reach those levels but, if it did, that would be a very strong buy, in my opinion. I'm looking for a downward move to around $58.00 - $60.00 at which point I'll start buying again. I'm short.
NYSE:SOShort
by forever_green
TSLA is en-route to becoming an off-planet mining company.I have been following Tesla since back in the day and I have never read anything about this. For this summary, I am going to umbrella all of Elon Musk's work under the name Tesla. I know this is currently fundamentally incorrect but Musk has made suggestions that he will try to grant owners of TSLA some sort of privileged access to SpaceX shares if it goes public so I am going to loosely hold onto that thread for simplicity's sake. It is clear to me that almost all the work that is being done by Tesla all points in one direction. Simply put, what do you get when you combine: 1. electric power-trains (Tesla cars) 2. robotics (robotic manufacturing of Tesla cars) 3. robots (the recent suggestion of creating general purpose humanoid robots) 3. solar power 4. boring (aka mining) 5. space flight You get off-planet mining, with the ore processing and manufacturing plants in space. Think about it: You have essentially unlimited power in space through solar generation. Although electricity != propulsion, because things like ion propulsion engines require physical fuel, such fuel can be mined. Essentially you could even just shoot iron pellets off the back of a space ship using electro-magnet based accelerators to move craft. WIth essentially unlimited solar power generation in space you could launch a simple, initial ore processing facility into space and from that you could build successively larger ore processing facilities. The final product can either be shipped back to Earth or it can be used to build in space itself...enter Starbases 001. All this will be highly automated. I do not see this as being too relevant to TSLA's current share price as it is too far in the future. But I'm not sure why nobody else sees that most if not all of Musk's moves from the past few years are clearly pointing to off-planet mining, so I thought I would point it out. I do not go into technical specifics here because I don't have the background to break things down. There are many hurdles to be overcome. This is still very much sci-fi, with emphasis on the `fiction` part. The chart is simply an observation of TSLA bouncing off the 200DMA. How long the current bull market will last is anyone's guess. Looks to me like it has lost it's steam and will drop soon. I do not own any TSLA.
NASDAQ:TSLAShort
by jtorkr
1
AUDUSD recovery battles 200-DMA amid mixed sentimentAUDUSD pares weekly gains while easing to 0.7543 amid early Wednesday. The pair earlier benefited from the Fed’s rejection to rate hike and tapering before the US dollar picked up safe-haven bids. Additionally, weighing on the quote could be risk-negative headlines from China and cautious sentiment ahead of US PMIs. Hence, failures to cross the key moving average, namely 200-DMA around 0.7555, could recall the 0.75000 threshold on the chart. However, any further downside will be restricted by a four-month-old support line near 0.7485. Meanwhile, an upside breakout of 200-DMA level of 0.75555 will need to cross multiple lows marked since early February near 0.7580 to convince buyers for a return. Following that, the 0.7600 and early month low near 0.7645-50 should gain the market’s attention as a break of which could confirm the bullish momentum targeting the monthly top near 0.7775. Overall, AUDUSD fades bounce off the key support line and hence further weakness can’t be ruled out.
Short
by MTradingGlobal
Drop It Like It's Hot ❗The S&P500 reached our target-box in yellow and dropped like a stone. The impulsive sell-off confirms our primary scenario. Our next target now resides at 3262 points, bevor the bulls have a Chace to push back. We give the scenario in which the market stabilizes, in the range of 3262 - 3075 points, a probability of 38%. Should the S&P500 reach the blue target box at 2883 points in our primary expectation, then this would be a tremendous long-term buying opportunity. Long-term, we see the S&P500 getting to 5000 points. Feel free to share your thoughts. Happy to discuss the next move.
OANDA:SPX500USDShort
by MarketIntel
2
ABCD PATTERN + DESCENDING TRIANGLEGood morning traders, cadjpy has created an abcd pattern (ab leg equals cd leg) and is forming a descending triangle in H4 chart, we' d better to wait a breakout of the triangle before opening a sell trade . in that case the stop loss could be set over 77.45 and take profit at the beginning of c leg. Fundamentally this pair is correlated with investors mood because if markets are in risk-on mode the yen will become stronger, I think this could happen because of the fear of a second wave of COVID 19 and trade tensions between USA and China. contact me to join my telegram channel where you will recieve free signals. Enjoy your trading!
Short
by Dragon_Investments
USDOLLAR Moves Into Risk-Off ModeFXCM's USD index, USDOLLAR, has moved into clear risk-off mode. The left chart shows the daily time frame. The index has rejected off of the black 20-day SMA and is moving down. Moreover, the SMA is starting to turn lower, whilst the RSI is also below 50 (blue rectangle) and is suggestive of a bearish momentum. The right chart shows the hourly time frame. Here, the EMAs have turned bearish (red rectangle) and the hourly RSI has crossed below 50 (green rectangle). The greenback is dropping as the Fed's unlimited QE policy takes hold, supporting the risk-on side of the market.
FX:USDOLLARShort
by FXCM
USDOLLAR Holds 50-Day Moving Average SupportThe left chart show's the daily chart of FXCM's dollar index, USDOLLAR. The instrument is holding support at the black 50-day moving average. The RSI is also looking to cross above 50, which is the bullish side of the oscillator. The right chart shows the hourly time frame. Here the RSI is already bullish and if the EMAs start moving upwards (green ellipse), the greenback is likely bid. If this is the case and the sentiment transfers to the daily time frame, the market will be moving towards a risk-off sentiment.
FX:USDOLLARLong
by FXCM
The end of Bitcoin Speculative BubbleThis obviously isn't a technical analysis, but an example of what a blow-off would look like if it is indeed what we are going to experience (and i strongly believe we are). We know that bitcoin is a speculative bubble, we know what a speculative bubble blow-off look like, we know that a bubble that takes 10 years to appear can blow-off in just a few months. Take care of your money and most importantly of yourself and your family, don't stay in a sinking boat because of anger, fear or greed, take whatever loss/profit you made and get out of the biggest ponzi scheme ever created before it's too late ;)
BITSTAMP:BTCUSDShort
by Biscuitage
15