SNOW - July activityI measured SNOW's monthly activity seems like there's a buy and sell pattern that is very obvious. The yellow lines indicate the trading days (weeks) of the month.
Snowflake
SNOW BOUNCE OFF 251 SUPPORT I have been watching snow since it’s been recovering from the sell off it had about a month ago.
Anyway, I have been trading a lot of intraday bounces and my prediction of QCOM yesterday was similar to this.
Nothing fancy just a bounce play that was confirmed with the level 2 data.
I always look through the order book to get an idea of who is buying and selling, currently there is an order for about 1200 shares @251 which gives a lot more validity to my thesis that big money is buying this up.
The bold white line inside the purple rectangle is the area I identified as a demand zone - and where I plan on taking my position.
I plan on exiting when the order book tells me to get out but I expect a clean ten point run off the bounce.
I am new to trading so please bare with me if this isn’t up to par , I enjoy sharing ideas.
SNOW Inverse Head and ShouldersSnow is right at the neckline.
If it can break, then PT of 300
Else could see it fall back to 260 - 250
$SNOW shows an inversed Head & Shoulders bullish long-termWe can see how an inversed shoulder-head-shoulder is being created. If confirmed the price could go as up as aprox 290$. RSI does not show any interesting view, but we can see a down trend right there in the last few days; in this line, MA (9) is falling,but I consider is just momentum. Moreover, $SNOW is reaching to its floor, so it could activate buy alerts; in this line, MA (50) is below to its current price it could also work as a floor. If it does not break these floors, the stock has two target price (showed in the graph). Disclosure: I'm not long $SNOW. But starting to consider it.
Inverse head and shoulder pattern Snowflake 20th JuneBottomed out on 18th May 2021. Might be possible to hit 300 ? Strong volume at the shoulders support level.
SNOW - At 100 MASNOW - At 100 MA & holding at daily DZ, need to break trend line , target 273 upside at daily supply zone, stop loss if dropped below the current daily demand zone
Try 6/18 - 270c - 1.3
SNOW - Relative strength in Artificial Intelligence namesMid-term idea. Nice bounce back to the demand zone 210-220. Let's see how the price will act on these levels.
$SNOW trying to break out of descending trendline$SNOW, arguably the biggest beneficiary of the world transitioning to cloud, is on the verge of breaking out of its descending trendline.
Nice formation forming in an uptrendWe can see a nice resistance there, but the higher lows are in place, so soon we can see a nice breakout and way to the sma100. Would love to see it breaking
SNOWFLAKE ready to melt up?$SNOW showing signs of life after a downtrend
* BUY signal fired on Ultimate Stock Indicator
* Ripster EMA cloud turned green
* Looking for volume for entry.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile. 🚀🚀🚀🚀
SNOW just broke out!We just broke out from the falling wedge.
Bullish divergence points to this being a bullish trend reversal.
$SNOW Inverse Head and Shoulders Reversal 4/14 Video breakdown to $SNOW We are watching this AM. Has a potential reversal coming soon.
$SNOW Imminent EMA crossSNOW has been beaten down below IPO price and has completed a descending trend, looking to break out. A daily 8EMA to 21EMA crossover should indicate A bullish move towards some upside. Even if this move is just a corrective wave with more downside, the trend will push this to the .618 and decide what to do from there. Looking to add longs if it moves over 242.67 and holds that level. The move above should come quick too, using the VWAP from the highs as a magnet.
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: 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
$SNOW still in price discovery mode.Charting for a friend.
Will try to work with what I have, but with what I have here, there's really not enough data or price confirmation to pinpoint any other than that we are in a price discovery territory.
As such, Wave B might not even have ended its run and may dip even lower.
An assumption that Wave B has completed is generous indeed, and in such circumstances, a Wave C climb will set a TP of $428.
However, it will be wise to stay on the sidelines for this one, for now.
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 💪🏻
