$SNOW bottoming, bullish into EOYNYSE:SNOW bottoming on the monthly, support on weekly. Business wise doing much better. Targeting August highs.
SNOW trade ideas
Snowflake ($SNOW) Nearing Target, but a Pullback PossibleNYSE:SNOW is targeting the Cup & Handle breakout level of $146.46, a potential 15.6% gain. While Bitcoin’s moves could help boost NYSE:SNOW , the oversold CCI suggests it might first dip to test support.
Cup & Handle Breakout – Strong setup with a target at $146.46.
Bitcoin Correlation – Bitcoin's momentum could push NYSE:SNOW toward the target sooner.
CCI Oversold – CCI signals a possible pullback to support levels before another push.
SMA 150 Resistance – SMA 150 is a key level above, acting as potential resistance.
With earnings on Nov. 20, NYSE:SNOW ’s path to the target might include a quick dip before the next move up.
Breakout coming for SNOW?🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Snowflake(SNOW) - Are We on the Verge of a Significant Breakout?Snowflake Inc. NYSE:SNOW - Are We on the Verge of a Significant Breakout?
Snowflake (SNOW) stock is approaching a critical level in the short term**, facing a possible breakout above the 126.99$ resistance level. Snowflake is a company that provides a cloud-based data platform for businesses, enabling large-scale data storage, management, and analysis.
📊 Key Analysis Points:
- Historical Resistance Level : 126.99$ - a critical level that has previously acted as resistance.
- Entry Opportunity : If we see a confirmed breakout above 126.99$ with strong trading volume.
- Stop-Loss: Setting a stop-loss below the breakout level, around 126$, to protect against a failed breakout.
- Initial Profit Target: 135.72$ - another historical resistance level that could serve as a short-term profit target.
- Additional Resistances: If the upward trend continues, consider 146.46$ and 168.80$ as possible profit targets.
🔍 Summary
The stock is at a key level, and a breakout above 126.99$ could signal further upward movement, as long as the conditions are met and trading volume supports the move. We’ll keep a close watch on price action and volume to see if the breakout holds.
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Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please conduct independent research and manage your risks accordingly.
Snow up up upSpeculative Long Position:
After NYSE:SNOW confirmed support around $108, the chart looks more bullish to me in the short term. We’ve seen a bullish move since the beginning of October, followed by a correction in both price and time. With the recent crossover of the 30- and 50-day SMAs, I anticipate another bullish move ahead.
SNOW - time to bounce short-termhi traders
Let's have a look at SNOW on 1h time frame.
Bullish divergences developed and it looks like SNOW will give us a small bounce soon
Take a long position now.
Set-up is shown on the chart.
Risk-reward ratio: 2,51
Good luck
setting up for a big breakout imo 🍿snow stuck between trend resistance and trend support at the moment.
We will continue to be stuck until we see a clear breakout past one.
if we break above my targets are 378.63-405, considering all the bullish flow.. this is most likely going to be the outcome in 2022.
but a break below will send us to 287.98-273.3
If you are long its smart to use trend support as stop loss.
like and follow for more 💘
Snow to backtest kumoNYSE:SNOW has been in a secular bear trend since the beginning of the 2022 bear market.
Notable countertrend rallies have lasted ~14 weeks.
We're on week 3, expecting more upside with possibly changing the macro trend here.
$SNOW: Channel Breakout
1. Overall Trend: The stock has been in a downward trend, as indicated by the descending channel (blue lines) on the chart.
2. Channel Breakout: Recently, the price appears to be breaking out of the upper boundary of the descending channel, which could potentially signal a trend reversal or at least a short-term bullish move.
In summary, while SNOW has been in a downtrend for several months, recent price action suggests a potential bullish turn. Traders and investors would likely be watching closely to see if this breakout is sustained and if it leads to a new uptrend or merely a temporary reversal within the larger downtrend.
$SNOW (Snowflake) | Long Analysis/ThesisNYSE:SNOW is primed for upside with a strong support level formed around $109 (indicated on chart).
We are expecting these 3 upside price levels to be significant points of resistance in the coming weeks, however the $120 strike options will prosper as we approach the $145 level and will be the first to get cut.
Remember: This is a great name that got unfairly beaten down. My good friend StockSavvyShay (on X) has written extensively as to how they've improved their business.
These are some of his main thoughts to consider:
Snowflake is enhancing its governance capabilities with Snowflake Horizon, a comprehensive cross-cloud governance model designed to simplify the management of complex data ecosystems. This solution offers integrated compliance, security, privacy, interoperability, and access features, allowing customers to efficiently manage data across various platforms and teams.
Key enhancements include:
- Achieving additional compliance certifications such as the UK's Cyber Essentials Plus and the FBI's CJIS Security Policy, ensuring top-tier security and privacy for public sector data.
Introducing Data Quality Monitoring, which simplifies the tracking and improvement of data quality metrics.
- Launching a Data Lineage UI that visualizes the impact of upstream changes on downstream data, enhancing data management transparency.
- Developing Differential Privacy Policies to protect sensitive data without compromising individual record security.
- Enhancing data classification with custom classifiers and a new UI-based workflow, supporting better data organization.
- Rolling out the Trust Center for centralized security and compliance monitoring, helping to reduce costs and prevent risk escalations.
In addition, Snowflake is improving cost management with a new Cost Management Interface, which provides a unified view of spend metrics across clouds and regions. This tool offers greater visibility into account-level usage, configurable spend views, and actionable recommendations to optimize resource allocation.
These advancements strengthen Snowflake's position as a leader in data governance and cost management, providing customers with effective tools to streamline operations and enhance efficiency.
RISKS: Convertible debt back in September leads me to believe that they are willing to decelerate growth and buy back their stock at a hefty multiple - this does give me cause for concern.
However, the fact that price has held - despite this news gives the power to the bulls.
Breaking out of the descending triangleNYSE:SNOW is showing signs of bottom rebound after breaking out of the descending triangle and ichimoku is showing two out of three bullish crossover. Long-term MACD histogram is positive and stochastic has shown an oversold crossover. Meanwhile, volume remain healthy
Top 5 Weekly Trade Ideas #1 - SNOW Bear FlagSNOW has been pretty choppy lately if you ask me, but I do see some opportunity if it finally moves off of this area it's been at since the last earnings dump.
Nice looking bear flag here on the 4hr. I like puts with a stop above the bear flag, you could also wait for a downside break for more confirmation to enter. First downside target would be the previous all time low around 110. Final target is the flag pole projected target. I chose 95 for a nice whole number, it's hard to pick a target when a stock is making new all time lows, so I'll just be looking to scale out on any drops and see if it can hit 95 if I enter the trade.
$SNOW out of time. It's make or break time.It's hard to be bullish of this garbage stock but today is make or break time. No more time in this wedge. I'm currently long but ready to bail and go short. It should be obvious which way I am by the end of the day. If it breaks resistance it could be a big and fast gainer.
$SNOW Breakout on the HorizonSnowflake (A.I. data storage) NYSE:SNOW , has been trading in VERY tight range for over a month that is much smaller than its normal expected move, which is insane.
1. If it’s at a major support, than its breakout is to the upside (which I’m inclined to believe)
2. If there some crazy news about AI data storage, than it could break below the support.
I am more inclined to believe it’s the former. The point of control on the volume profile is $155-$160/share, so that’s where it is likely heading if it breaks out upward. NYSE:SNOW
Snoflake [SNOW] Wyckoff Bullish PatternsVery fundamental company. The last consolidation after very large drops is a good prognosis for an upward exit. It is necessary to focus on Wyckoff Wave Volume, which decreases at the bottoms. This means a decrease in selling pressure. There were two shafts with a very large purchase volume and a wave marked with volume 200. It was a very large sale that did nothing to the price. This sale was absorbed by buyers.
This security has typical accumulation features. In my opinion, it is on BUY with a target of $ 140/150
For more analyses using price and volume and the Wyckoff method, subscribe to the profile
$SNOW Can't get much tigher than thisSnow is a decent growth company at all time lows. Tight wedge here could be an explosive move to the upside. A breakdown of the support will not be good. Could be a good lotto play for options. Weekly all time vs daily. Volume picking up. Many eyes will be watching this.
Support is holding upThat support looks strong. I just bought calls for 10/04 strike 113. Is risky it may take more time for a breakout but the calls are cheap. Buying the stock is safer. SL triggers if a daily candles breaks downs the support and closes under it.
SNOW - Make or BreakSNOW is down to long term support. Looking for break down below $107 to go short if it does not get a bounce at this level it has respected since 2022. If it does hold here and can get back through $114.75 I’m long. Short scenario target is $100 with $90 as a secondary target. Long scenario target is $122 and then $132 to fill the gap.
Long term $180-$190 target. More downside likely short term.I think short term we can see a final push down. Company has way to much in OP EX and once it can figure out how to remove/cut the amount in half, this stock will show to investors that it has a plan for long term profitable growth.
Question is, which earnings report will it be and/or will they release news on lay offs once unemployment really spikes.
BUY THIS STOCK IN MY PINK ZONE AND HOLD 2-5 YEARS.
my main concern right now is AI hype flushing down and/or there cash on hand and free cash flow continues on its down trend...
Is it SNOWing?Alright, nothing too crazy, but its worth noting that SNOWFLAKE has flashed what looks to be a TRIPLE BOTTOM. I don't have a lot of confidence in this though. It looks like its gearing down towards its resistance at 110 again. I will be watching this for the next month or so. I think another break of that resistance could push it down into some unmarked territory of all time lows. However if it doesn't drop anymore, I could see a nice lil reversal setting up a channel into the mid 130's.
SNOW | Time to Load the Boat | LONGSnowflake, Inc. provides cloud data warehousing software. This includes the Data Cloud, an ecosystem where Snowflake customers, partners, data providers, and data consumers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways. Its platform supports a range of use cases, including data warehousing, data lakes, data engineering, data science, data application development, and data sharing. The cloud-native architecture consists of three independently scalable layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured and semi-structured data to create a unified data record. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases without latency. The cloud services layer optimizes each use case's performance requirements with no administration. Snowflake was founded by Marcin Zukowski, Thierry Cruanes and Benoit Dageville on July 23, 2012 and is headquartered in Bozeman, MT.
Looking bullish immediately on SNOW!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
$SNOW - Looking good.NYSE:SNOW is looking good. It's retesting the recent low and slowly forming a base in that area. The MACD is starting to turn.
If it can break out above $133, it could run to the $157 area. However, even just from here to $133 would be quite an impressive run.
Targets are in the chart.
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
