SNOW - Close to break outSNOW is currently in bearish channel. it is also close to long term support at $210. if it break below that it will below that puts should be good. above the white descending line the stock is bullish.
SNOW trade ideas
SNOWMID-TERM: Double bottom at a previous support with classic bullish divergence on the daily. (not financial advice)
SNOW - time to get in! 1. Wedge formation; bullish candle close on the bottom trend line
2. Impending MACD bullish crossover; RSI above to trend
3. Lock up expiration completed on March 15th so this dip last week was expected.
TP1 : 280
TP2 : 320
SNOW Long Possible double bottom
in Demand zone
Entry 218
Stop 205
Target 270
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
LONG SNOWClassic bullish divergence on the daily. This is probably kind of late to publish the idea. The perfect entry was around 230. However, it still has run to go. I bought a few shares, and already sold half of the position to book profits and will let this run. This is a technical, but also a fundamental play, and I love to hold stocks like this on my long term portfolio.
snow weekly resistance levels on daily chart mid march 21snow weekly resistance levels on daily chart mid march 21
Snow 18-02-2021 LongAsset and Time frame -SNOW,4H
Entry Price -294.98
Exit(Stop Loss) -287.67
Exit(Take Profit) -317.05
Technical Analysis -Price broke a confirmed LTF trend line with an engulfing bullish candle, and above the 4H MA, Price jumped because of the new 100 MA on the daily chart and reacted strongly,price also reacted to the 0.618 Fibonacci level.
I entered the trade with a smaller position(0.50%) because the market sentiment is currently bearish and because their earning report is soon.
I would like to hear your opinions and what can I do to improve, many thanks
SNOWFLAKE Stock Should Be On Your WatchlistSince the stock was listed on NYSE, it has rallied to a high @ 429, and now the stock price is near its all-time-low. If there is a break below this low with rejection (on high volume), that could be the reversal indication. This is a stock to be on your watchlist!!!
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
$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.
SNOW 3/10 Trading PlanWill test 228 in the AM. If it breaks over a 30m candle I am out but I think this has potential for tomorrow.
$SNOW LONG$SNOW has been beaten down to IPO price during this rotation out of tech due to rising interest rates.
Lockup Expired on 3/5/2021, which added to sell pressure.
It's currently sitting at bottom of channel and major support.
With any NASDAQ strength and renewed confidence in growth names, we can see this bounce BIGLY.
BUY SNOW!Alerts blowing up today!
Got into snow at $249.97!
Went short on snow initially and you will see this on my ideas.... been waiting since IPO for this opportunity!
Gl all!
SNOW , LONG Snowflake Inc. provides cloud-based data platform in the United States and internationally.
Snow is holding up well this morning compared to it's high multiple buddies and is trading in a area of value .
Decided to trade take a swing position .
Good luck .
SNOW to $130Do your own research. I see NYSE:SNOW a massive head and shoulders pattern, with the neckline broken. Measured move is around $130.
SNOW monster sized head and shoulders projects... 60!First, I truly hate this company, so there i have bias in this for sure! My 'day job' as CTO of a (non-competitive) data technology company, and SNOW offers a lot of hype and a pretty wrapper around things that already exist. Or rather, it's old crap with a new skin. I find their product useless and uninspiring.
Now on to the TA: www.tradingview.com identified an H&S earlier today. While obviously I agree with those, I draw the lines a little bit differently using all data available since their IPO. This gives a neckline around 245 and the peak of 428 implying a potential drop of 428-245=183 from the neckline. 245-183 = 62.
Given the current 'smack the high value tech company theme' recently, SNOW qualifies as one of the highest with a price:sales ratio 16th highest of all technology companies at 144.5. With insider lockups expiring soon, there could be additional pressure here. One of the best looking tech shorts atm.
SNOWFLAKE: 2 HEAD & SHOULDER IN 1 We found 2 Head & Shoulder Formation. You can find them on Chart: one with WHITE LABELS and one with RED LABELS.
The Technical Analysis suggests us 2 TARGETS:
1️⃣ TARGET @ 180 $
2️⃣ TARGET @ 110 $
ENJOY YOUR TRADE 💪🏻
its snowing ❄i can't get a count out of this one, but from a psychological perspective: everyone is expecting snow to dump it for the next lock up
got a feeling it's going to squeeze.
buy on a retest of this trend line
