SNOW at big resistanceWe're at the POC of all time, looking for a breakout if we can push through that. I'd like to see some more strength of the indicators so might stall for a bit while here while it builds.
SNWF trade ideas
Short squeeze mini series# 13What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price
KEY TAKEAWAYS
*A short squeeze accelerates a stock's price rise
as short-sellers bail out to cut their losses.
*Contrarian investors try to anticipate a short
squeeze and buy stocks that demonstrate a
strong short interest.
*Both short-sellers and contrarians are making
risky moves. A wise investor has additional
reasons for shorting or buying that stock.
$SNOW | Snowflake Inc: Bullish Falling Wedge Breakout [Update 4]$SNOW formed a smaller bullish wedge after broking out of the larger wedge that was shared in my previous idea. This sound continue pushing to the upside >$315 should lead to $325+
See my previous $SNOW analysis below:
$SNOW Invers HS$SNOW looks good here, nice double bottom potential IHS. TP1: 335 TP2: 367 (Reverse GP)
SNOW looks bullishSNOW had a great breakout this last week & looks to be in consol on that breakout. Like these daily lower wicks.
Looking at 3-4 week out calls.
Falling pendant for SNOW finally showing some upward lifeSNOW has been in a falling pendant for weeks now, and I have continually expected it to break upwards. Now it finally seems to be making an upward move. It has held above a significant resistance/support range at 298-300 for several days, and it has bounced strongly off of that range on the hourly, intra-day chart.
Possible resistance/target price points on the chart. I expect resistance around 320 to be the most significant. However, because SNOW has consolidated above 300 for several days now, I expect it to finally be able to break above 320 and make a significant run upwards next week.
Earnings are coming up in early March, which will also attract increased interest in SNOW over the next few weeks.
Stop loss at around 298, and if it does break 298, watch for it to find support around 285 or 265. If it finds support at either price point, I would pick up shares or long term, at the money options/leaps. Both price points have provided significant support (daily and intraday), and I think SNOW is a great long term investment.
Current positions:
SNOW 02/19/2021 270.00 C
SNOW 02/19/2021 300.00 C
SNOW 03/19/2021 290.00 C
SNOW 03/19/2021 305.00 C
Obviously these are my own opinions, so please do your own research and invest wisely.
Very Nice Pennant $320 target on a breakout. It will be interesting to see if it gets a small pullback before the rally.
continued snow bullish signalsGreat trading session on snow today. looking at the hourly chart we see that again, SNOW price rejecting that 298-300. the last time it touched this area the candlestick for that hour formed what appears to be a dragonfly doji. Great bullish sign for Snow to finally make a move. Additionally, The Golden Cross is beginning to come into play which is when the fast Moving Average of 50 goes above the slow Moving Average of 200. Also, looking at the MACD the selling pressure is diminishing and is showing that the buying pressure will soon go above the zero line. Today Snow had to close above 205.85 and it did. All these are continuous confirmation to be bullish on SNOW.
The only concern is the amount of volume. We need a huge amount of volume and buying pressure to make this stock launch possibly to 340, which is my first TP. The good news is that Mondays are usually green with lots of trading volume so as expected next week might be the run for SNOW.
SNOW (Snowflake Inc) Long to 428Snowflake has found support at 265 putting in a recent double bottom.
Current resistance would be 318, with support at 298.
Targets above 318 would be the golden mean reversal at 341, 360, 390, and eventually a retest of the all time highs at 428
We've broken the supply line with clear bullish divergence on the oscillators.
Volume has slowed to the downside and short interest is also decreasing.
Retesting for support, and its my opinion she'll be on her way!
Under 285, id be bearish until we see a new swing high
snow still looking bullishNot too much action today on SNOW. further consolidation between the 310 area and 300. If price falls below 298 then this trade might be considered invalid. but so far its been rejecting that range between 298-300. We need to see an accumulation of high volume tomorrow to see that massive uptrend many of us have been waiting on. after breaking out of the descending pennant Snow shows to be forming a bullish flag formation just waiting to make a run to the upside. I still see further consolidation forming before we see another attempt to go higher. The reason for that is because in the hourly chart we possibly see a golden crossover that is waiting to occur. a few more trading sessions can determine if this scenario will happen, which will give us further confirmation on a bullish view on SNOW. Looking at the daily chart, the MACD shows SNOW crossing over its signal line indicating more buying pressure flowing in. All these are great signs of a bullish scenario. There are still some bearish signals but we have more bullish confirmation vs bearish but I would still be cautious on this stock. continue to wait for confirmation and I recommend ( Not advise) if someone was to go long on this buy around 300 with a far out expiration date. Remember this is my personal view of Snows price action it is not a signal or an advice to buy. do your own DD and lets share ideas.
SNOW forgot to publish this one a couple days ago but man has it been following my curves! Be sure to keep on eye on this one!
SNOW...ANOTHER LEG UP... 52%SNOW could be getting ready for another move up...target is $462 (52%)...just breaking out of another descending wedge pattern...currently trading back above the 50 day moving averages...macd is preparing for a bullish crossover...and hidden bullish divergence in the oscillators (yellow circles)...IT'S YOUR MONEY, DYOR!!
$SNOW --- Long IDEA ⛄- Price has formed a double bottom at a key support zone
- Expecting price to move back towards $365 then maybe test the highs $429
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
US stock - SNOWFLAKE reversal chartIn US stock market, SNOW have some reversal pattern.
- Stand above 21EMA now
- 2 Pull back (around 19% - 30%) and strong support level around 264.5
- Volume is increasing when the price going up on yesterday
- Lowest ATR since Nov
- We can see there may have a reversal and go back to a higher price
My buy point: 298.8
This is not financial advice. Just my point of view.
SNOW over 310.66Breakout from the bottom of this ascending channel but found resistance at the fib above and closed below the VPOC. Both will serve as resistance, entry over the high of day should see continuation.
SNOW Long Daily ChartConfirmation Breakout of Descending wedge, bouncing off long-established support. Bullish up to 331 -> 355
Here is why snowflake inc. will hit $330 soon The harmonic pattern is completing so we expect the bull run very soon. I will keep this chart updated. Thank you for the support.
Snowflake - Correction +- 2/3% finishedSee Chart.
Correction up to fibonacci.
Berkshire in it also. Think, they will aggregate its Position very sonn.
