SNOWLooks like a successful test of the pivot from above; no position though due to earnings tomorrow
1SNOW trade ideas
Stock to watch: Snowflake Inc (SNOW) - re-uploadNYSE:SNOW
Re-uploading the original idea from Nov 24 (which was brutally deleted by the moderators LOL) 👇🏻
Original chart from Nov 24
Original idea was: May be an interesting stock to trade: Buy/Sell Zones Indicator shows that the price is in the green zone, indicating buyers interest. Targets for Long play may be previous highs up to 1 Fibonacci. The pre-market shows a small potential recoil that can give a good Long entry point.
The bias didn't change much - Long may be taken at a potential pullback + extend targets up to 1.618 Fib or even higher.
Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
SNOW - Let it Snow Good Evening,
My plots encourage me to go long on SNOW till $344. The RSI points to oversold. Kindly share your analysis if holding SNOW.
I wish you all good health and prosperity.
Very Respectfully,
BIG MOVE COMING IN $SNOW?NYSE:SNOW Here we see a wedge pattern emerging in $SNOW with an upside move above 250 targeting the 275 area. Break below 228 could take it down towards 215 area.
SNOWFLAKE sticks to trendWith Earning in December, much of the movement/volatility to happen around then.
Target: $243-248I think SNOW could retrace Monday up to $272 (maybe 275) and should find support around $243. The next stop down looks like $216-220 if it doesn't.
Getting tighter after post-IPO baseRelatively quiet, consolidating price could make a strong break out of the range.
snow is coming early this yearSnowflake is not a stock I would trade because I see it more of a long term investment. however, I just wanted to do a technical on the stock just for fun. its getting ready to break out of the ascending triangle. before market closed yesterday there was a decent amount of volume which raised the price from 245 to 251. lets see where it goes from here.
Thoughts on SNOWTake alook as I am new to this :)
It's a young stock so I tried to map out the past using the 1Hr timeframe.
It seems like we are approaching a breakout and I've setup the closest resistance and support lines.
consolidation patternheyy guys,so SNOW seems to be in a consolidation pattern ,with support around the 230 zone and resistance around 255,it still seems to be digesting the listing gains ,once it breaks above 260 and holds it should rally ,lot of analysts have started reporting on the stock there median estimates are around 250 and high around 500 ,after this consolidation ends expect stock to rally or break down ,
p.s -i am long snow,
Too soon to know, but I am Bullish !?!?I was watching $SNOW from the sideline since its IPO in mid September.
Unfortunately from a technical point of view, it's difficult to make any speculation on where and when the stock will move next. However, I believe the stock is in a bullish position. Looking at the chart, I could possibly speculate on the following points:
1. Ascending triangle narrowing and setting up for a run. Since October the stock is trending down, but always staying above the lower trend support (hourly).
2. Stochastic turned bullish.
3. MACD at turning point.
4. Overall TECH sector has been on mini cycles, in which buyers step in for 1- 2 weeks to buy and than usually is followed by 3-4 days of sell off. IF you can get in on the right side of the cycle, you can ride up the bullish wave.. $SNOW seems to be getting in the buying part of the cycle.
5. Stimulus coming? If so, should positively effect the stock.
WARNING:
A. Stock market is reaching overbought territory.
B. Election is creating uncertainty, which in my view is causing part of this volatility. But to me it's more like we dont know what will happen, rather than OMG is going to be TRUMP or BIDEN presidency.
C. COVID-19 spiking again!
D. A major warning in itself, its and always been...wel.. you know... DONALD J. TRUMP :)
This is not an investments advice. Do your own due diligence before investing in any stock!
Happy weekend.
Snowflake about to break out?Snow just tested the support recently.
Price hold up strong, start to form bullish trend.
If it can break above $250, then the target is $290
Is SNOW/Snowflake going to be Bullish?Because lack of data I can not judge the chart precisely, but I believe it is more probable that price will go up after testing the support line.
