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 trade ideas
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
Snowflake (1D) - Time to sell the Divergence ? Hi Traders,
CHart says it all, Falling wedge pattern was followed by growth. RSI konvergence was very Reliable indicator. Now it shows we are near potential top or local top.
Enjoy the ride both ways. Always use stop-loss.
$SNOW Constructive Candle on FridayI have to saw $SNOW putting in an inside tight day right there at that level is extremely constructive.
Look at Friday's volume -75% from its 50 day MA.
That's extreme volume dry up
SNOW- Breakout - CUP with Handle- Follow through DaySNOW - Broke out the CUP with Handle pattern.
-- RH&S
-- MACD - Bullish
$SNOW Possible Head and Shoulders Continuation Base If the market doesn't go down the toilet from here, $SNOW is acting like a future leader in the next leg up.
Best case scenario it puts in the right shoulder of a small head and shoulders continuation base.
Keeping a close eye on it.
Snow breakoutSnow is making a cup and handle pattern, with the handle a nice strong bounce off of the 50 day moving average and completing a 3 white soldiers pattern to boot. It is starting to outperform the growth ETF that it is a part of and a break above 320-330 could signal a big breakout.
$SNOW - digesting levelI continue to love this stock. It is really digesting this level. Anything under $309, I will add.
Today looks like I will have the opportunity to add.
