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Snowflake

$SNOW shows an inversed Head & Shoulders bullish long-termWe can see how an inversed shoulder-head-shoulder is being created. If confirmed the price could go as up as aprox 290$. 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.
NYSE:SNOWLong
by EduardoFigueroa
1
$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.
NYSE:SNOWLong
by Modus777
$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
NYSE:SNOWLong
by finvizclub
$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.
NYSE:SNOW
by googooboyy
2