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SNOWFLAKE INC-CLASS ASNOWFLAKE INC-CLASS ASNOWFLAKE INC-CLASS A

SNOWFLAKE INC-CLASS A

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SNWF trade ideas

Snowflake: Gone with the Wind… 🌬(Un-)fortunately, we won’t rehash the story of Scarlett and Rhett, which took director Victor Fleming nearly 4 hours to recount. We will rather talk about Snowflake, which currently seems to be struggling though a snowstorm, fighting on toward the resistance at $203.62. We expect the share to gust above this mark to expand wave x in magenta before a counter movement should take hold. However, there is a 40% chance that wave alt.x in magenta could be finished by now. In that case, Snowflake would waft below the support at $110.27 to develop wave alt.2 in turquoise already, whose low should then be followed by a fresh upwards movement.
NYSE:SNOW
by MarketIntel
SNOW pulls bak on Earnings Discount SaleSNOW on the daily chart pulled back from decent earnings to in a massive bearish candle down into its intermediate-term fair value zone near to the mean anchored VWAP and the POC line of the volume profile. It is entirely possible that many traders sold SNOW at its highs when they got FOMO over NVDA and needed to free capital to get more cash in their accounts after buying NVDA . This could have easily helped SNOW go down despite decent earnings. No matter if SNOW is on sale, I will buy it now setting a stop loss @ $145.00 and watch for a Fibonacci-style retracement halfway back to the Pirvot high from which it fell for a first the target of $ 170, a second of $180 ( one third of the position for each) and the final at $170. In the meanwhile, I have a position on NVDA to play a possible drop.
NYSE:SNOW
by AwesomeAvani
SNOW - BEARISH SCENARIOSnowflake on Wednesday reported first-quarter earnings that topped Wall Street expectations, but the company's product revenue outlook missed views amid slowing growth for cloud computing partners. The revenue climbed 48% to $623.6 million, the software maker said. Analysts had predicted revenue of $609.7 million. SNOW stock plunged 12.5% to near 155 in extended trading on the stock market today. The next price target is located at the $ 140 major support level Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:SNOWShort
by legacyFXofficial
2
$SNOW Setting up It is essential to exercise patience and caution in your trading strategies. One such approach is to **allow the market price to come to you, instead of chasing after it impulsively.** In the case of NYSE:SNOW , **puts below the 135 zone and calls above the 148 zone.** However, it is imperative to exercise restraint and not rush into any day trades or swings without proper candlestick confirmation. (1-3) It is crucial to note that impulsive trading decisions can lead to costly mistakes and result in unnecessary losses. As a trader, you must have a clear understanding of the market trends, indicators, and risk management techniques. Patience and discipline are the keys to success in the trading game, and it is essential to develop and maintain these qualities. Additionally, having a solid trading plan in place and sticking to it can help you stay focused and avoid making impulsive decisions. This includes having well-defined entry and exit points, stop loss orders, and profit targets based on your analysis and risk tolerance. Remember, trading is not a get-rich-quick scheme, but a long-term game of skill and strategy. With the right approach, mindset, and tools, you can become a successful trader and achieve your financial goals. Stay patient, stay disciplined, and stay focused on your trading plan, and success will surely follow.
NYSE:SNOW
by Ubaidy100
Snow is bullish on hourly chartI have been watching SNOW on hourly chart for a week. This week it is just trading weekly S3 pivot (camarilla) My rsi strategy triggered buy earlier and now it triggered add position There is divergence in momentum ( bottom indicator on the chart) , price is coming down near S3 , but momentum indicator is going up Momentum indicator also has squeeze feature(by LazyBear) … on this indicator it shows that squeeze has just released. (Red crosses on the middle line turned grey/blue) All these confirms upside prediction This is not a recommendation, it is just published for education purpose. Please do your research before taking any position on this.
NYSE:SNOWLong
by eemani123
SNOW - Falling Trend Channel [MID TERM]- SNOW A is in a falling trend channel in the medium long term. - SNOW has broken a resistance level in the short term and given a positive signal for the short-term trading range. - SNOW is testing resistance at 150 become support. - This could give a negative reaction, but an upward breakthrough of 150 means a positive signal. - The stock is overall assessed as technically negative for the medium long term. - *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price Verify it first and believe later. WavePoint ❤️
NYSE:SNOWLong
by wavepoint99
Snowflake: Snowed Under ❄️Snowflake seems to be snowed under with work. The share has a great deal to do, but is currently delaying the anticipated ascent, gradually sagging towards the support at $110.27. There is a 33% chance that the course might drop below this mark, thus developing wave alt.2 in turquoise earlier already. However, we primarily expect it to climb above the resistance at $205.66 first to lodge the top of wave x in magenta before moving downwards again. Wave 2 in turquoise should then return Snowflake below $205.66 and carry it below the support at $110.27, introducing fresh upwards movement afterward.
NYSE:SNOW
by MarketIntel
1