SNOWD trade ideas
Wow!Earnings well received even though it was not a total beat.
Breaking through the channel up would be a bullish achievement.
The market is known to be irrational.
No recommendation.
Events can make you scratch your head and think WOW sometimes.
I was driving on a very dark, 2 lane country highway with no street lights last night with perhaps a 3 feet shoulder between the asphalt and the trees. Suddenly I see a bike rider on the shoulder at the last minute dressed in dark clothing and riding in the grass, very close to the road.
I did not hit him but it was a very scary type WOW feeling for sure.
If you are long on SNOW then you are feeling a big, fat happy WOW today.
Good luck and be safe.
Greed is one of the 7 deadly sins and we all can be guilty of it at times )o:
SNOW: The sun looks to melt this awaySnowflake
Short Term - We look to Sell at 193.62 (stop at 220.84)
This stock surged after earnings report on premarket. We are trading at overbought extremes. A lower correction is expected. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward.
Our profit targets will be 132.14 and 120.00
Resistance: 194.00 / 240.00 / 320
Support: 130.00 / 110.00 / 80.00
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Possible Bear FlagEarnings 8-24.
SNOW is in a channel up right now and ES (Entry short) would be a break of that bottom trendline. This channel up, which may be a bit heavy one for a bear flag, formed after a significant move to the downside. Go with your gut.
Trendlines narrowed and formed a Falling Wedge which is bullish if price breaks over the top trendline.
The larger trendlines appears to be broadening.
To me, if I had to choose, this looks like a short versus a long with possible bobbling of price inside the channel before breaking down from that channel.
No recommendation.
The 100 and 200 DMAs are sloping down. The 20 and the 50 are gently sloping up.
SNOW Snowflake Options Ahead Of EarningsIf 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.
SNOWFLAKE-BULLISH OPPORTUNITYA 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 price level.
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No more melting for snowflakes?Strong earnings and a divergence in MACD histogram to the price (blue arrows) could lead to a trend change... at least there is room to the downtrend line and right now we're at EMA 20. Gives some room for profits :)
Broadening PatternI also see a flag like structure after a deep move to the downside which could be a channel up versus a flag.
I will avoid this one for now.
The trendlines are broadening and are no longer parallel. I find this pattern difficult as it may keep broadening or it may establish a megaphone with another touch or two, and just bounce back and forth between the 2 trendlines which can become wider and wider, or not. Makes my head hurt so I do not fool with it. LOL
Narrowing, (both trendlines slope down and narrow at the apex) can indicate a falling wedge is forming which can be bullish.
I have noted that a channel down with trendlines narrowing or broadening can indicate a change of direction, even if temporary, is around the corner.
Short interest is approximately 4.66%.
Earnings 8-27 AMC (after market closes). It does not appear most analysts are bullish on earnings.
No recommendation.
Today's candle is on the verge on engulfing yesterday's candle.
Most folks prefer thinking with what some call their "fast brain" and we use this part of our brain much more often that our "slow brain". We use our slow brain more for more difficult decisions and it takes more energy to use the slow brain versus the fast brain. Many mistakes we make can be avoided by not being overly dependent on our fast brain.
2x2=? Example of fast brain use
57x57=? Example of most having to access their slow brain.
will trend support break❔watching for clear break of trend support / 160 level, once these levels break we may see a test of 151.7-139-127
SNOW / Uptrend /Ascending Channel / HEATING UP !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.
BOS w/ LHBreak of Structure with Lower High
Waited for Lower highs to be created after break of structure.
Once lower Highs are created on 30min chart, wait for pullback.
Once pullback is created on 15-30min chart, usually 1-2 candles.
wait for continuation follow-though candle to buy puts. Follow through candle should be on higher volume or candle close whichever is first.
RR 2:1 or 3:1
Not financial advice. Please use proper risk management.
SNOW trade idea 7-25-22Hello traders, snow looks to be forming a H&S with a possible breakout tomorrow. This is my analysis trade it how you see fit.
Happy Trading.
SNOW 7/15 lotto daySNOow posed to break out either direction.. looking a little bullish. want to see it run into a supply zone then reject back down.
inverse head and shoulder at snowflake. LONG Buy volume spotted at all time high on 26th May. Price range act as a support and we could see the next low was unable to close below the high volume day price range. High probability of a trend reversal with price supported above 50ema.
$SNOW - pick up at 151.80I am in SNOW. I love the company and the stock.
I entered higher than 151.80 but will add if it back tests that hourly level.
I like to make 10% on a swing.
Stop set at 142.01
This stock is volatile.
Snowflake Playing A PullBack To The HVNIn this update we review the recent price action in Snowflake and identify the next high probability trading opportunity and price objectives to target
$SNOW - undecided bullish falling wedge on the daily
spinning tops at the bottom
could be the reversal.
the stock is volatile, i need some confirmation
#SuakuFlowsWatchlist - 5/30/22#SuakuFlowsWatchlist
$SNOW P < 123.31
Only looking to play the downside on $SNOW tonight.
Reminder that this doesn't mean it can't go up. I have more confidence in playing the downside.
Also reviewed $BABA, $MRK, $AGNC and $GME.
Scale out when comfortable.
