$SNOW has not even retraced 50% from May"Maybe we had too much too fast"
Lower Target Level supports if gets there
Higher Fib lines now rez
SNOWD trade ideas
SNOW: Time for a big move back to ATH?SNOW looks ready for a move. Daily close over 377.87 can send this to $392 and possible $405 with some volume. Don't think the great R:R is until a confirmation over 377.87. $375.29 you can use, but odds of it failing at 377.87 are high. If it gaps over, you could buy the gap fill in morning or buy gap support for a possible big move.
SNOW Options Play FREE Options Play
$SNOW 380C above 375.83
Price target 1 379.43
Price target 2 381.96 (resistance)
Price target 3 384.48
Stop-loss 371.24
$SNOW 350P below 358
Price target 1 354.40
Price target 2 349.81
Price target 3 344.75
Stop-loss 360.53
thetradesetup.com
12/12/21 SNOWSnowflake, Inc. ( NYSE:SNOW )
Sector: Technology Services (Packaged Software)
Current Price: $371.24
Breakout price: $377.00
Buy Zone (Top/Bottom Range): $371.00-$358.50
Price Target: $400.00-404.00 (1st), $429.00-$433.00 (2nd)
Estimated Duration to Target: 49-53d (1st), 84-90d (2nd)
Contract of Interest: $SNOW 2/18/22 375c, SNOW 3/18/22 400c
Trade price as of publish date: $29.40/contract, $28.00/contract
$SNOW - Hourly breakout incoming, calls > 377 | puts < 363.5$SNOW - Hourly breakout incoming, calls > 377 | puts < 363.5
- Daily inside bar forming
SNOWSnow has had a beautiful breakout today, it looks like it can test $377 resistance and possibly hit $380+ by the end of the week. In order for this to happen, it must stay and close above $372 support.
SNOWI like this to the downside. Volume is drying up and the Volume that came in today was not enough to break out of the channel. Max pain is coming and I am bearish on this ticker. My short-term target to the downside it the 50 Fib.
SNOW cup and handle SNOW cup has been solidly forming
after completion of the cup at 420, look for a "handle" dip to the 320-350 area.
Then possible move up to the 5-600s
not financial advice
$SNOW: Dumpster fire onAs long as snow doesn't get above 367, this is a great spot to go short. Targets based on the bear range is around 290-297.
Trade Idea
SNOW 330P 12/31
Target: 325,307,297
SL: 367
$SNOW with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $SNOW after a Positive over reaction following its earnings release placing the stock in drift B.
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Snowflake 🐻 3 things I hate ,
Egg mcmuffin ,Turkey stuffin and a stock that's bluffin.
Snowflake is up 40+$ this morning but can't break over this bear channel premarket. Could snowflake rally in the middle of a correction? any thing is possible but I doubt it
Target is below 300 or channel support..
Stop loss 360
SNOW Inversely Related 100MAPrice will most likely recover at the 100MA
As it moved up at the 100MA previous, as shown in green
Buy the dip scenario
Cup (s) and Handle Earnings 12-1/AMCThe smaller cup has formed a handle that is well defined. I do not deem to place a handle on on the larger cup as earnings are very soon and it does not appear to be well formed at this point. If you see one, label it and go for it (o: I do not like to place a handle low and then watch price go past it. Earnings a bit too close for me right now )o:
Price is over long entry level for smaller cup (purple) but not for larger cup (white). I calculated targets for smaller cup. If you are interested in the larger cup, then long entry is 429.10, or whatever you think may clear the high of 429 at the left side of the cup. You can use the depth of the cup to calculate targets and project those targets from long entry level.
Both cup lows are 184.71.
Good luck.
No recommendation
SNOWFLAKE ( SHORT to 300) The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. Right now we have the cup and the handle is yet to be formed
Conviction: break of current trend followed by a bearish engulfing weekly chart
SNOW ChartUsing Feb retracement, plotted the lines for SNOW. If the market supports, it can try low 401's post ER (within a week to 2 weeks time period).
LET IT SNOW PUTSThere is a Bearish wolfe wave setup on the Daily time frame in SNOW that provided entry opportunity on Friday Nov 19. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the red perforated line, as shown in the chart. The projected target is 300 and then 295. The price is expected to reach these targets within 7 days. The orange wolfe wave pattern uses a different length input value and identifies price tgt up to below 300. The risk and reward for both wolfe waves are excellent.
Multi time frame analysis If snow can get through $350-360.00 Resistance it can run. Forming a nice base here on weekly
Double top on SNOW, selling time?I'd expect to see a retracement on SNOW here at this level.
Double top.
1.2 fib extension of previous wave.
hitting trend line from previous.
This is technical inspiration, always do your own due diligence, act on your own risk.
Best of luck to all.
Melting SNOWSNOW has been on a constant uptrend with average volume but momentum indicators are been moving in above average range. SNOW had a rejection at the 3.618 resistance. With the stock being overbought it looks to be due for a drop soon.
SNOW will likely fall this week, sooner rather than later; SNOW could likely retest the top of the trend line early in the session. Prices looks to test the bottom of the trend line . With a break of the trend line , will be looking for a retest of trend line and large selling volume .
A rejection at the top of channel would act as a entry point. The bottom of the channel would act as a potential exit point. If there is a breakout then will hold position until blue trend line using the top bottom of channel as stop loss
