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SNOWFLAKESNOWFLAKESNOWFLAKE

SNOWFLAKE

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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.
NYSE:SNOWLong
by randomname11
1
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.
NYSE:SNOWLong
by aristocks