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SNOW - buy the disappointment discount sale LONGSNOW beat the earnings estimates by 150% and slightly exceeded revenue estimates. Price dropped in printing a bear flag in a 22% move yesterday at the close. Buying from the bottom has begun and I have the idea that I should join. My pre-earnings play was closed going into the earnings in the high liquidity that proceeds it. I got my ask price on that position. The chart shows today's buyng volume and volatility. On the slow resumption of bullish price action, I have taken a long trade from the near bottom after this morning's reversal and call options ITM for the July monthy.
NYSE:SNOWLong
by AwesomeAvani
3
SNOW a software megacap approaches earnings in one week LONGSNOW has been running since about the 1st of February. It beat earnings in November by 50%. Right now it is situated at the mean-anchored VWAP where institutions pick up and drop off shares the most. Price is at the lower boundary of an ascending parallel channel and is now about 8% less than the double top of last week at the top of the channel. Price at the mean VWAP brings out volume and volatility. So does an earnings run. I see SNOW as a great earnings play as ARM and PLTR were only weeks ago. This could be a huge trade like those were. Good Luck to traders who take this trade!
NYSE:SNOWLong
by AwesomeAvani
4
ADBE- Adobe is an AI stock but gets no credit Buy the Reversal ADBE and its Creative Cloud is most definitely part of the AI supertrend, It will help creative content work faster and with more creativity. The company has a healthy balance sheet and not a Johnnie Com-elately. As a megacap it does not move fast but it is as steady as it gets. Not to be in the headlines with ARM, PLTR, GOOG, MSFT and a whole bunch of others, it makes its money the old fashioned way it earns it keeping its legions of subscribers productive with its products and the support of them. On the 240 minute chart, I have shown price action cycling through a slow trend up and then a breakdown through the VWAP bands. Price is now reversing with a signal firing on the mass index indicator. The first target is 590 at the mean VWAP bandline while others are 615 and 640. In many ways software companies like PLTR and MSFT are hotter than Super Micro-Computers ASML and the semi-conductors. I need more software companies in my deployed plays. ABDE is setup for a trade up and I will take a long trade of stocks and some call options.
NASDAQ:ADBELong
by AwesomeAvani
Microsoft - Monthly Bullish BreakoutHello Traders, welcome to today's analysis of Microsoft. -------- Explanation of my chart analysis: Since August of 2019 Microsoft stock has been creating a bullish triangle continuation pattern. Recently we saw a breakout above the strong $350 resistance level after which I do expect a retest of the previous structure level and then more bullish continuation towards the upside. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:MSFT
by basictradingtv
1
AI Alchemy, The Future of InvestmentsArtificial Intelligence (AI) is no longer just a futuristic concept or a element of science fiction. A revolutionary transformation in technology has propelled AI into a leading force across various sectors of human life. In this context, looking ahead is not just a trend but a necessity. From healthcare to industrial automation, AI is becoming a key element in enhancing our quality of life and providing solutions to complex problems. For example, in healthcare, AI can speed up diagnostic processes, assist in drug research, and improve the efficiency of medical care. In the industrial sector, AI automation can boost productivity, optimize supply chains, and reduce production costs. It's no wonder that AI companies are attracting investors looking to be part of this significant change. Investing in AI Companies as the Top Choice Incredible Growth Potential: AI companies offer incredible growth opportunities. With the increasing adoption of AI technology across various industries, these companies can experience significant long-term value appreciation. Inevitable Innovation: Innovation is the key to success in this digital era, and AI companies hold the most strategic position in creating revolutionary technology. By focusing on developing smart algorithms, these companies can lead in creating new solutions and enhancing competitiveness in the market. Social and Economic Impact: AI is not just about business and financial gains. The changes brought about by AI have the potential to create significant social and economic impacts. Investing in AI companies supports a vision of creating a more efficient, sustainable, and adaptive society. Looking Ahead: How AI Shapes the Future Smart City Development: AI will play a central role in developing smart cities. With systems that can monitor and manage traffic, energy, and public services, smart cities will become the norm in the future. Enhanced Education Quality: AI can be integrated into educational systems to provide personalized learning experiences, assist in evaluating student progress, and create responsive curricula. Energy and Environmental Revolution: AI solutions can be utilized to optimize energy usage, manage waste, and develop green technologies to address climate change. Healthcare Technology Advancements: With AI, the healthcare sector will undergo a revolution with early diagnosis, personalized treatments, and more effective drug development. Conclusion: Looking to the future is not just about predicting trends but understanding how technology will shape our lives. Investing in AI companies is a smart move because it not only yields financial benefits but also supports positive changes in society and the environment. By researching and understanding the impact of AI across various life sectors, investors can make informed decisions and build resilient portfolios for this future full of potential.
NASDAQ:NVDALong
by fardycurry
SNOW another technology company tolerating Bidenonomics LONGSNOW 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 the upper high volume profile providing the the expected range of a long trade. The Volume Price Trend indicator and the MACD are synergistic in their confirmation. Fundamentally, SNOW is in the AI revolution and its role in streamlining processes and lowering costs for the government and businesses. The logical target here, the second deviation above mean VWAP presently at the 193.45 price level. This line pushed the price back down 4 times in the past 8 weeks. I see the quick 10% upside as good for a long trade knowing well-managed options trade could produce 100-150% easily in capitalizing on AI software tech and the heavy hitters of the new NASDAC leading the index higher and faster. What a great concept more snow while the climate heat wave is unrelenting. I will enter here with a sizeable stock trade while considering a 10-30 DTE call option to catch the ride toward the target mentioned here.
NYSE:SNOWLong
by AwesomeAvani
Intapp INTA Cloud Software Services Tech LONG As can be seen on the 2H Chart INTA is on pacing over a 350% annualized gain without any major pivots. The volume indicator shows a dramatic increase in volume realtive to the year prior. INTA is capturing alpha consistently in a hypergrowth mode as can be seen by reviewing the earnings beats quarter after quarter. This is clear and obvious entry with earnings coming on May 8th. I originally bought options last summer after the double bottom and have added a couple of weeks before each earnings . Price recently bounced down 10% from minor resistance representing a small pullback with space above in the runup for the earnings report. I see a potential return of 15% in 10 trading days or less and 75-100% for call options with expiration of 5/19/23 in consideration of the pullback described above and shown on the chart
NASDAQ:INTALong
by AwesomeAvani
OLB - Software Application Tech Sector Swing PlayOLB has been forming a massive wedge on the daily around strong support. Current break of the wedge occured on volume and moved above the volume point of control, which is a massive support once passed. $5.70 would be risk if using POC. Below that if this is a false breakout without confirmation, risk is down to $5, due to the volume desert above the POC, its possible this moves quickly through levels matching previous highs. These sectors move hot, we have seen MRIN and AUUD. OLB is a software application for businesses to manage online stores, I don't necessarily trade based on fundamentals, but I understand that this type of company will likely flourish as more businesses move to online, I am swinging short term due it it fitting market theme. Always do your own due diligence, manage your risk and learn to scale in and out of your positions.
NASDAQ:OLBLong
by ThetaOG
1
$CRNC can rise in the next daysContextual immersion trading strategy idea. Cerence Inc. provides A.I. powered assistants and innovations for connected and autonomous vehicles. The share price rose after good earnings. I see some preconditions the share price will continue growing. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $35,14; stop-loss — $33,71. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:CRNCLong
by KozakHlib
7
Veeva Systems: Another Software Stock Tries to MoveOne software stock after another has come to life and ripped higher in the last few months. Salesforce.com , Alteryx , ServiceNow , Trade Desk , Adobe : the list goes on. VEEV is another member of the group that's now trying to make its move. It's formed a broad basing pattern since last autumn. That followed a 100 percent move between early 2018 and mid-2018… which followed a 200 percent move in the two years before that. VEEV is a "classic growth stock," going from small-cap to mid-cap to large-cap as its business expands. Growth stocks like this have been the cornerstone of the rally for years, and there's little sign of that changing. VEEV is now trying to get back above its 200-day simple moving average (SMA). It resembles Amazon.com earlier this month and PayPal in December. VEEV also just bounced at the same $148.50 zone that was previously resistance. Traders might expect a few more sessions of consolidation but also watch for continuation higher -- especially with earnings due in 3-4 weeks. Speaking of earnings, VEEV has a history of surprising to the upside. Last quarter, it tried to rally before getting smacked lower. But now it's had time to consolidate and turn its 100-day SMA higher. Notice it's given useful signals in the past. (This chart below uses our Colored Moving Averages script to highlight direction of the 100-day SMA. In the dynamic chart above the 100-day SMA is gray.)
NYSE:VEEVLong
by TradeStation