SNOW longer term Call Options expiring 2022.SNOW measured move in equality into wave C support at about 212 is a buyable level. Look to establish LEAPs on SNOW expiring 2022. With stops below 200.
SNOW
SNOW: Rising Wedge, Bearish Divergence, Hitting ResistanceDescription of thought process on the chart. Kinda 50-50 in confidence, since nothing in this market does what it's supposed to do :)
Can fall back if fails 242 test, long if closes above 244.
Let me know if you see different pattern/direction.
Not an investment advice.
SNOW potential Cypher completion into take profitsSNOW 65 min chart into 786 cypher completion.
Any gap up is potentially sold into TP1 the 38.2 fibonacci retracement off pattern completed Friday into close.
$SNOW Potential Bottom PickingNow that the trading week is over, we can take a closer look at how the broader markets have performed. For the most part of the week, the markets appeared to be quite choppy but now looking like we can potentially start moving higher.
If that is the case, then I think there is a potential here to bottom pick a high flying enterprise software company called Snowflake. At one point this stock was trading over 150x price to sales. It might sound ridiculous but in a controlled market where you have massive money printing, I don't think the majority of market participants are buying for fundamental cash flow. Instead, the markets appear to be competing for market share as there are only 100% possible owners of a company. :)
All in all, I categorized this technical setup as a reversal play and if the broader markets can rally then I think $SNOW can run up quite substantially for the short to mid term trader.
- EnterpriseGuy
LONG SNOWClassic bullish divergence on the daily. This is probably kind of late to publish the idea. The perfect entry was around 230. However, it still has run to go. I bought a few shares, and already sold half of the position to book profits and will let this run. This is a technical, but also a fundamental play, and I love to hold stocks like this on my long term portfolio.
SNOWFLAKE Stock Should Be On Your WatchlistSince the stock was listed on NYSE, it has rallied to a high @ 429, and now the stock price is near its all-time-low. If there is a break below this low with rejection (on high volume), that could be the reversal indication. This is a stock to be on your watchlist!!!
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Evidence base trading..!Most newbies make a great pray case for the WOLVES of wall street (venture capitalists).
Please review all the opening days, in last 3 years, soon you will find out you can buy the new stocks, 30-90% cheaper in weeks or months..!
Let wolves and Algorithms rip each other apart, then we will join for the real play.
BUY SNOW!Alerts blowing up today!
Got into snow at $249.97!
Went short on snow initially and you will see this on my ideas.... been waiting since IPO for this opportunity!
Gl all!
SNOW monster sized head and shoulders projects... 60!First, I truly hate this company, so there i have bias in this for sure! My 'day job' as CTO of a (non-competitive) data technology company, and SNOW offers a lot of hype and a pretty wrapper around things that already exist. Or rather, it's old crap with a new skin. I find their product useless and uninspiring.
Now on to the TA: www.tradingview.com identified an H&S earlier today. While obviously I agree with those, I draw the lines a little bit differently using all data available since their IPO. This gives a neckline around 245 and the peak of 428 implying a potential drop of 428-245=183 from the neckline. 245-183 = 62.
Given the current 'smack the high value tech company theme' recently, SNOW qualifies as one of the highest with a price:sales ratio 16th highest of all technology companies at 144.5. With insider lockups expiring soon, there could be additional pressure here. One of the best looking tech shorts atm.
SNOWFLAKE: 2 HEAD & SHOULDER IN 1 We found 2 Head & Shoulder Formation. You can find them on Chart: one with WHITE LABELS and one with RED LABELS.
The Technical Analysis suggests us 2 TARGETS:
1️⃣ TARGET @ 180 $
2️⃣ TARGET @ 110 $
ENJOY YOUR TRADE 💪🏻
its snowing ❄i can't get a count out of this one, but from a psychological perspective: everyone is expecting snow to dump it for the next lock up
got a feeling it's going to squeeze.
buy on a retest of this trend line
Snowflake party ❄Of all the trades I've ever taken, this is the one I am most looking forward to.
I'm giving Snowflake a modest upside target of $1100 quite possibly even by the end of this year. I'll update my wave analysis on how we get to that target as we begin to move along.
Here's the thing though: I refuse to buy it unless it gets down into my golden zone of 287. If it does, champagnes on me.
SNOW (Snowflake Inc) Long to 428Snowflake has found support at 265 putting in a recent double bottom.
Current resistance would be 318, with support at 298.
Targets above 318 would be the golden mean reversal at 341, 360, 390, and eventually a retest of the all time highs at 428
We've broken the supply line with clear bullish divergence on the oscillators.
Volume has slowed to the downside and short interest is also decreasing.
Retesting for support, and its my opinion she'll be on her way!
Under 285, id be bearish until we see a new swing high
SNOW...ANOTHER LEG UP... 52%SNOW could be getting ready for another move up...target is $462 (52%)...just breaking out of another descending wedge pattern...currently trading back above the 50 day moving averages...macd is preparing for a bullish crossover...and hidden bullish divergence in the oscillators (yellow circles)...IT'S YOUR MONEY, DYOR!!
US stock - SNOWFLAKE reversal chartIn US stock market, SNOW have some reversal pattern.
- Stand above 21EMA now
- 2 Pull back (around 19% - 30%) and strong support level around 264.5
- Volume is increasing when the price going up on yesterday
- Lowest ATR since Nov
- We can see there may have a reversal and go back to a higher price
My buy point: 298.8
This is not financial advice. Just my point of view.
Here is why snowflake inc. will hit $330 soon The harmonic pattern is completing so we expect the bull run very soon. I will keep this chart updated. Thank you for the support.
Possible target price for SNOWGetting out of the wedge, it is ready to test 360, and 429 once again..!
Pullback to upper line of the wedge is possible..!
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
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SNOW coming out of a wedge along a demand curveSNOW has a lot of potential from here. Also looks very good intraday today.
SNOW rebound forming! NYSE:SNOW
keep close eye on SNOW, currently on the last wave of five, and 4 hr MACD already shows divergence, if Tech rebound, SNOW will form a pretty support for the days to come!
