If you haven`t sold the Head and Shoulders bearish chart pattern: or played the reversal last time: Now looking at the SNOW Snowflake options chain ahead of earnings , i would buy the $150 strike price Calls with 2022-12-16 expiration date for about $10.30 premium. If the options turn out to be profitable Before the earnings release, i would sell at least...
Snowflake - 30d - We look to Sell at 179.69 (stop at 191.11) Daily signals are bearish. The primary trend remains bearish. The trend of lower highs is located at 180. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 151.11 and 141.11 Resistance: 165.00 / 170.00 / 180.00 Support: 155.00 / 145.50 /...
There is a daily wolfe wave setup that triggered on November 11 on the day of CPI. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical...
Daily RSI broke down and closed underneath RSI trendline for the second time. Weekly close back under the 50 on RSI and a break of RSI trendline.
Going for the gap fill just looking for confirmation of a close into the gap LOOKING AT 170 Puts - We need to close below that blue support line - Better confirmation on bigger time frames - looking for a pullback if not then a straight rip to the downside
with SNOW holding / breaking above 193 im targeting next fib lvl: 215
If you haven`t shorted SNOW when i wrote this article: Then Looking at the SNOW Snowflake options chain, i would buy the $185 strike price Calls with 2022-11-18 expiration date for about $9.10 premium. Looking forward to read your opinion about it.
A short-term buy opportunity from Snowflake. The company lost more than 62% from its peak in November 2021 and is now trading around the $154 price level. The fundamentals for Snowflake are not good and a new test of the $110 support level may be expected in a long run. In the short term, the price may continue its uptrend to the 0.236 fibo or around the $180...
NYSE:SNOW SNOW is looking like a good swing trade opportunity chart is showing a good AWE oscillator as is the Relative Volume. Ascent is consistently above the cloud indicator. This NASDAQ/ TECH stock appears ready to be traded or call option if the price is too high.
In this update we review the recent price action in Snowflake and identify the next high probability trading opportunity and price objectives to target
These could go either way - long the bounce or short the breakdown of support.
Snowflake, Inc. ( NYSE:SNOW ) Sector: Technology Services (Packaged Software) Market Capitalization: $55.263B Current Price: $180.42 Breakdown price: $185.00 Sell Zone (Top/Bottom Range): $231.00-$193.25 Price Target: $51.20-$48.80 (3rd) Estimated Duration to Target: 111-120d (3rd) Contract of Interest: $SNOW 6/17/22 180p Trade price as of publish date: $26.75/contract
Snowflake 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...
Death cross officially printed last week, along with the Nasdaq. This is a SELL signal! Next stop $480. The PE has come all the way down to 491 lol. As multiples continue to compress on these high flyers this stock has a long road to go with many bounces and failed attempts to rally. Without help of the fed's perpetual 14 years of QE and artificially low...
Another money losing covid era IPO with failed double top. This company reports "earnings" on March 2. The last 3 annual reports have posted larger losses than the prior year. The era of fed induced stimulus and QE with bubblelicios low interest rates is over. This stock looks to be printing a death cross in the coming days same as NOW and CRM. Look out below!!