Snowflake Inc. (SNOW) having come off significant channel support, is now approaching meaningful resistance, able to absorb weekly selling pressures. From here (SNOW) can fall back to channel support, eliciting losses of 20% over the following 1 - 2 months. A weekly settlement above resistance would lead to a buy signal in (SNOW) where gains of 20% would be...
If you haven`t sold SNOW on this Head and Shoulders Bearish Chart pattern, on Disappointing Growth Forecast: or reentered here, ahead of earnings: Then analyzing the options chain and the chart patterns of SNOW Snowflake prior to the earnings report this week, I would consider purchasing the 145usd strike price Puts with an expiration date of 2023-8-25, for a...
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...
🔹180 supported indicates a potentially POSITIVE reaction; a downward breach indicates a NEGATIVE. 🔹Technically positive for the medium long term. Chart Pattern: 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe...
SNOW stock is about to enter a consolidation state ! This chart shows the weekly candle chart of the euro against the US dollar over the past year. The graph overlays the recent bottom-up golden section. As shown in the figure, the euro against the US dollar hit its lowest point last month, just below the 2.382 level of the gold split, while its recent peak...
this overprice pltr wannabe should takea seat. lots of upside on this one if that turns out to have been accumulation targeting the previous highs isnt out of the question
#SNOW NYSE:SNOW Long 📈Chart Pattern: Multiple Bottom 🫵Perspective: Long 💔Stop loss: Breaking $ 178 NYSE:SNOW $NYSE SKILLING:NASDAQ AMEX:SPY NYSE:DOW
Small allocation, tight stops. Will most likely get stopped out but nibbling here, Nasdaq will take a breather and it will be violent.
(Un-)fortunately, we won’t rehash the story of Scarlett and Rhett, which took director Victor Fleming nearly 4 hours to recount. We will rather talk about Snowflake, which currently seems to be struggling though a snowstorm, fighting on toward the resistance at $203.62. We expect the share to gust above this mark to expand wave x in magenta before a counter...
SNOW on the daily chart pulled back from decent earnings to in a massive bearish candle down into its intermediate-term fair value zone near to the mean anchored VWAP and the POC line of the volume profile. It is entirely possible that many traders sold SNOW at its highs when they got FOMO over NVDA and needed to free capital to get more cash in their...
We can see that after the price consolidate 148-150 area, we could go to the next R= 158... Waiting for confirmation: Entrance: 148.46 or above Target Profit: 158.15 StopLoss: 136.92
It is essential to exercise patience and caution in your trading strategies. One such approach is to **allow the market price to come to you, instead of chasing after it impulsively.** In the case of NYSE:SNOW , **puts below the 135 zone and calls above the 148 zone.** However, it is imperative to exercise restraint and not rush into any day trades or swings...
- SNOW A is in a falling trend channel in the medium long term. - SNOW has broken a resistance level in the short term and given a positive signal for the short-term trading range. - SNOW is testing resistance at 150 become support. - This could give a negative reaction, but an upward breakthrough of 150 means a positive signal. - The stock is overall assessed...
It might be gearing up to hit 230 in 3 months. It must stay above 125 on a weekly basis.
Snowflake seems to be snowed under with work. The share has a great deal to do, but is currently delaying the anticipated ascent, gradually sagging towards the support at $110.27. There is a 33% chance that the course might drop below this mark, thus developing wave alt.2 in turquoise earlier already. However, we primarily expect it to climb above the resistance...
When it comes to tech stuff, I'm a contrarian and actually believe that Nasdaq is heading to 14,000+.However, as seen in my call below, I'm still expecting more of a bear trap than we've currently had. Nasdaq NQ QQQ - Reality Will Be a Tough Pill for Permabears I simply don't believe that, based on the price action of the markets over the last 6 and 8...
Yesterday, Snowflake, announced financial results for its fourth quarter and full year of fiscal 2023, ending January 31, 2023. Revenue for the quarter was $589.0 million, representing 53% year-over-year growth. Product revenue for the quarter was $555.3 million, representing 54% year-over-year growth. The remaining performance obligations were $3.7 billion,...
The short term bullish wave of SNOW has completed 4th wave retracement. Price an entry below market close yesterday. Due short term bullish, i would take conservative TP below the pprevious swing high. May the wave be with you !