SNOW - Fills blanks well during winter timeA positive price action has been observed since Q3 results.
There are two good gaps to fill with in.
Competes with
Amazon
Google
Microsoft
Oracle
Competed by
Databricks
Mongo DB
SNOW trade ideas
Top 5 Weekly Trade Ideas #5 - SNOW ShortI had been watching SNOW for a long but it failed to hold up and is now in the big earnings gap where there's not much structure. I think the ideal short entry would be on a retest of $161 targeting $145.
I wouldn't be interested in puts above $161 but I think it has good potential to move down to $145 and then fill the gap from November.
Pull back to $150-155s before earnings Q1 FY 2025 - Lot of work required to break long term downtrend and continue the move up in 200+
- Medium term target before earnings around 150-155
- Solid earning will push the stock price to retest 175-185 range and potentially allow stock to trade above 200s.
- Bad earning will move NYSE:SNOW to test the lower end of the trendline i.e low 100s and potentially double digits ~$85-98 /share. Databricks IPO would keep the stock price under pressure.
- Therefore, I believe next earnings will be crucial and will be essential to decide the direction long term.
SNOW a stock I likeI will keep averaging into this position, big swings, ranges are hard to chart.
Currently have a half position...
$SNOW - gap fill to the downside below $160SNOW - Stock is making a head and shoulders breakdown pattern on daily time frame. Stock held $160 gap entry level. if fails we have earnings gap fill to the downside to $133.85. Stock has 50 EMA at $150 which is another support level to watch. $168.50 level is key resistance break for upside move.
Top 5 Weekly Trade Ideas #2 - SNOW BreakoutI posted a similar idea last week for SNOW, but after seeing it this week I think it deserves a spot on the top 5 list. Just had a nice bounce after retesting the $166.50 area. Still riding momentum off the massive earnings move. On top of that it has reclaimed a trendline from the recent high.
First upside target is $176 and then up to the recent high around $187. I think this chart is too bullish to short, but if it does break below the trendline it could see $166.50 again relatively quickly. I think it's good for a long in this area and if you miss it, could be a good long on a break and retest of $176.
SNOW Support Test Long IdeaBig recovery for SNOW after making new all time lows earlier in the year. Now it's been chopping around up above the $170 area. Looks really good for a long right here if it can hold, good risk reward as well.
SNOW: Bullish caseHello,
Looks like falling wedge pattern, this is bullish pattern.
Targets are marked, it might consolidate for a bit and then starts going up.
lower interest rates favors small caps and innovation companies, this was a crowd favorite, may be once again it can be favorite.
Just that 6 months to 12 months from 10Y-02Y inversion, economy might slip into recession.
Fed looks worried, may be something is broken in the system, we will know very soon.
happy investing NYSE:SNOW
$SNOW (Snowflake) | Christmas Came Early +1,000% ROIWe watched this name face headwinds after a bad earnings print, along with data privacy issues...
But we crafted our thesis, identified our price targets, then benchmarked this name against competitors like: NASDAQ:CRWD NSE:INFY and NYSE:PLTR (one of our biggest winners in 2024... Entry at $8/share)
This analysis positioned NYSE:SNOW for significant upside after the massive sell-off from $237 down to $108 - which was reflective of a fair-value in this market.
I loaded the boat on $150 Calls dated DEC24 & JAN26 (with additional strikes)
On the DEC24 $150 Calls - Over 1,000% ROI (closed 1/2).
What's Next for NYSE:SNOW
The answer is simple, upside.
Earlier this year, investors priced this name at a 20-30X EV/S - which was akin to perfection.
To maintain that valuation would require absolute perfection in execution, earnings expectations, and forward guides into Q1 & Q2 of 2025.
Since then, the valuation has been cut in half - even though the business has not seen a 50% revenue or growth decline.
With an equivalent peer-driven valuation, NYSE:SNOW would be priced as follows:
• $415 at NYSE:PLTR ’s valuation
• $181 at NASDAQ:DDOG ’s valuation
• $196 at NASDAQ:CFLT ’s valuation
• $228 at NASDAQ:MDB ’s valuation
Median target is $212.
(Competition Valuation Performed by: StockSavvyShay on X)
$SNOW: OUTLOOK NYSE:SNOW : OUTLOOK
Watching for a 1-HOUR candle close ABOVE $173.93 to ENTER 📊
Targeting $176.77 price level!
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SNOW SHORTNot taking this short. But will buy when we make new lows some day. At major resistance now!
Snow to backtest kumoNYSE:SNOW has been in a secular bear trend since the beginning of the 2022 bear market.
Notable countertrend rallies have lasted ~14 weeks.
We're on week 3, expecting more upside with possibly changing the macro trend here.
SNOW | Time to Load the Boat | LONGSnowflake, Inc. provides cloud data warehousing software. This includes the Data Cloud, an ecosystem where Snowflake customers, partners, data providers, and data consumers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways. Its platform supports a range of use cases, including data warehousing, data lakes, data engineering, data science, data application development, and data sharing. The cloud-native architecture consists of three independently scalable layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured and semi-structured data to create a unified data record. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases without latency. The cloud services layer optimizes each use case's performance requirements with no administration. Snowflake was founded by Marcin Zukowski, Thierry Cruanes and Benoit Dageville on July 23, 2012 and is headquartered in Bozeman, MT.
Is Snowflake getting out of the DOGHOUSE? Watch before earnings!Is Snowflake NYSE:SNOW Finally Breaking Free from the Doghouse? 🐾
In this must-watch video, we’re dissecting:
🔹 Chart Analysis: What the latest charts are revealing about Snowflake's trajectory.
🔹 Potential Catalysts: Key factors that could propel or hinder NYSE:SNOW 's progress.
🔹 High Five Setup Trading Strategy: How my proven strategy applies to Snowflake's current setup.
Ready to uncover the insights that matter most? Let’s dive in and stay ahead of the curve! 👇
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Snowflake(SNOW) - Are We on the Verge of a Significant Breakout?Snowflake Inc. NYSE:SNOW - Are We on the Verge of a Significant Breakout?
Snowflake (SNOW) stock is approaching a critical level in the short term**, facing a possible breakout above the 126.99$ resistance level. Snowflake is a company that provides a cloud-based data platform for businesses, enabling large-scale data storage, management, and analysis.
📊 Key Analysis Points:
- Historical Resistance Level : 126.99$ - a critical level that has previously acted as resistance.
- Entry Opportunity : If we see a confirmed breakout above 126.99$ with strong trading volume.
- Stop-Loss: Setting a stop-loss below the breakout level, around 126$, to protect against a failed breakout.
- Initial Profit Target: 135.72$ - another historical resistance level that could serve as a short-term profit target.
- Additional Resistances: If the upward trend continues, consider 146.46$ and 168.80$ as possible profit targets.
🔍 Summary
The stock is at a key level, and a breakout above 126.99$ could signal further upward movement, as long as the conditions are met and trading volume supports the move. We’ll keep a close watch on price action and volume to see if the breakout holds.
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Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please conduct independent research and manage your risks accordingly.
Breaking out of the descending triangleNYSE:SNOW is showing signs of bottom rebound after breaking out of the descending triangle and ichimoku is showing two out of three bullish crossover. Long-term MACD histogram is positive and stochastic has shown an oversold crossover. Meanwhile, volume remain healthy
SNOW buyingIt formed a positive rising wedge pattern and then formed a sideways channel with a target of 188.
Snowflake ($SNOW) Nearing Target, but a Pullback PossibleNYSE:SNOW is targeting the Cup & Handle breakout level of $146.46, a potential 15.6% gain. While Bitcoin’s moves could help boost NYSE:SNOW , the oversold CCI suggests it might first dip to test support.
Cup & Handle Breakout – Strong setup with a target at $146.46.
Bitcoin Correlation – Bitcoin's momentum could push NYSE:SNOW toward the target sooner.
CCI Oversold – CCI signals a possible pullback to support levels before another push.
SMA 150 Resistance – SMA 150 is a key level above, acting as potential resistance.
With earnings on Nov. 20, NYSE:SNOW ’s path to the target might include a quick dip before the next move up.
$SNOW bottoming, bullish into EOYNYSE:SNOW bottoming on the monthly, support on weekly. Business wise doing much better. Targeting August highs.
Breakout coming for SNOW?🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Snow up up upSpeculative Long Position:
After NYSE:SNOW confirmed support around $108, the chart looks more bullish to me in the short term. We’ve seen a bullish move since the beginning of October, followed by a correction in both price and time. With the recent crossover of the 30- and 50-day SMAs, I anticipate another bullish move ahead.
SNOW - time to bounce short-termhi traders
Let's have a look at SNOW on 1h time frame.
Bullish divergences developed and it looks like SNOW will give us a small bounce soon
Take a long position now.
Set-up is shown on the chart.
Risk-reward ratio: 2,51
Good luck
setting up for a big breakout imo 🍿snow stuck between trend resistance and trend support at the moment.
We will continue to be stuck until we see a clear breakout past one.
if we break above my targets are 378.63-405, considering all the bullish flow.. this is most likely going to be the outcome in 2022.
but a break below will send us to 287.98-273.3
If you are long its smart to use trend support as stop loss.
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