- Lot of work required to break long term downtrend and continue the move up in 200+
- Medium term target before earnings around 150-155
- Solid earning will push the stock price to retest 175-185 range and potentially allow stock to trade above 200s.
- Bad earning will move
SNOW to test the lower end of the trendline i.e low 100s and potentially double digits ~$85-98 /share. Databricks IPO would keep the stock price under pressure.
- Therefore, I believe next earnings will be crucial and will be essential to decide the direction long term.
- Medium term target before earnings around 150-155
- Solid earning will push the stock price to retest 175-185 range and potentially allow stock to trade above 200s.
- Bad earning will move
SNOW to test the lower end of the trendline i.e low 100s and potentially double digits ~$85-98 /share. Databricks IPO would keep the stock price under pressure. - Therefore, I believe next earnings will be crucial and will be essential to decide the direction long term.
Trade active
SNOW has reached my target range as I mentioned 150-155closely, monitoring the price action and seeing if it fills the gap or not. If it fills the gap then I will add it for longs before the next earning report.
Trade closed: target reached
closing position; monitoring for price action and deciding if it is time to add SNOW in increments
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.