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SNOWFLAKE INC-CLASS ASS

SNOWFLAKE INC-CLASS A

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SNWF trade ideas

SNOW BOUNCE OFF 251 SUPPORT I have been watching snow since it’s been recovering from the sell off it had about a month ago. Anyway, I have been trading a lot of intraday bounces and my prediction of QCOM yesterday was similar to this. Nothing fancy just a bounce play that was confirmed with the level 2 data. I always look through the order book to get an idea of who is buying and selling, currently there is an order for about 1200 shares @251 which gives a lot more validity to my thesis that big money is buying this up. The bold white line inside the purple rectangle is the area I identified as a demand zone - and where I plan on taking my position. I plan on exiting when the order book tells me to get out but I expect a clean ten point run off the bounce. I am new to trading so please bare with me if this isn’t up to par , I enjoy sharing ideas.
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by sergiogurrola1
$SNOW Consolidation Break-out$SNOW I like this name and the cloud space. I've entered this several times in the consolidation phase when it looked to me that it was breaking out only to have it pull back in. I have it on my action list now if it can close over the 200 Day SMA. So that means either at the close today if it does or next week, if it does. All TBD. Ideas, not investing / trading advice. Snowflake delivers the Data Cloud — a global network where thousands of organizations mobilize data with near-unlimited scale, concurrency, and performance. Inside the Data Cloud, organizations unite their siloed data, easily discover and securely share governed data, and execute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single and seamless experience across multiple public clouds. Snowflake’s platform is the engine that powers and provides access to the Data Cloud, creating a solution for data warehousing, data lakes, data engineering, data science, data application development, and data sharing.
NLong
by jaxdog
2
$SNOW shows an inversed Head & Shoulders bullish long-termWe can see how an inversed shoulder-head-shoulder is being created. If confirmed the price could go as up as aprox 290$. RSI does not show any interesting view, but we can see a down trend right there in the last few days; in this line, MA (9) is falling,but I consider is just momentum. Moreover, $SNOW is reaching to its floor, so it could activate buy alerts; in this line, MA (50) is below to its current price it could also work as a floor. If it does not break these floors, the stock has two target price (showed in the graph). Disclosure: I'm not long $SNOW. But starting to consider it.
NLong
by EduardoFigueroa
1
Snow , Long entry Snow looks good: May 27th was a big day on that solid move up backed with volume followed by a congestion period where sellers were seemingly nicely absorbed. Then, looking at the last 3 sessions, June 17th had a nice volume validated move up , 18th we see sellers introduce some supply ( but nothing buyers were not able to handle as evidenced by lower wick and tighter day). And today we have a very positive sign of a low volume test, which further confirms that current supply is irradiated . A continued move up seems probable .
NLong
by NAK1987
3
SNOW earningsSNOW has been around since 2012 but IPO'd last year in September at a higher valuation than its initial public offer of $120. The IPO valuation started at $245 on Sept 16 2020 with the high of that day going all the way to $319. It didn't take long to reach an ATH of $429 right around December 2020. Ever since the ATH it has been in a momentum downtrend spiral while early investors and institutions bank on retail. Without a surprise the Resistance level sits around $244, which is a psychological level for many retail investors who got in last year in Sept. A breakout of this level will keep retail enthusiastic and falling under the endowment effect where they believe this stock will now continue to go higher. Retail must be aware that there is a bull trap market profile supply level around $250 and must not fall for the breakout trade (unless for a quick scalp). Market profile demand is sitting around $214. With an earnings release tomorrow after market close it is best to sit on your hands and wait to see what price does. Keep in mind that volatility is always the highest the day of earnings . Credit spreads are always best when playing a stock on earnings . Stay safe traders and investors. I will be playing either the Puts or Calls (credit side) once I see how this stock ends the day.
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by aramBull_Bearnando
2