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SNOWFLAKE INCSNOWFLAKE INCSNOWFLAKE INC

SNOWFLAKE INC

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SNOW trade ideas

Cup (s) and Handle Earnings 12-1/AMCThe smaller cup has formed a handle that is well defined. I do not deem to place a handle on on the larger cup as earnings are very soon and it does not appear to be well formed at this point. If you see one, label it and go for it (o: I do not like to place a handle low and then watch price go past it. Earnings a bit too close for me right now )o: Price is over long entry level for smaller cup (purple) but not for larger cup (white). I calculated targets for smaller cup. If you are interested in the larger cup, then long entry is 429.10, or whatever you think may clear the high of 429 at the left side of the cup. You can use the depth of the cup to calculate targets and project those targets from long entry level. Both cup lows are 184.71. Good luck. No recommendation
NYSE:SNOW
by lauralea
7
LET IT SNOW PUTSThere is a Bearish wolfe wave setup on the Daily time frame in SNOW that provided entry opportunity on Friday Nov 19. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the red perforated line, as shown in the chart. The projected target is 300 and then 295. The price is expected to reach these targets within 7 days. The orange wolfe wave pattern uses a different length input value and identifies price tgt up to below 300. The risk and reward for both wolfe waves are excellent.
NYSE:SNOWShort
by TOSOPTION
2
Melting SNOWSNOW has been on a constant uptrend with average volume but momentum indicators are been moving in above average range. SNOW had a rejection at the 3.618 resistance. With the stock being overbought it looks to be due for a drop soon. SNOW will likely fall this week, sooner rather than later; SNOW could likely retest the top of the trend line early in the session. Prices looks to test the bottom of the trend line . With a break of the trend line , will be looking for a retest of trend line and large selling volume . A rejection at the top of channel would act as a entry point. The bottom of the channel would act as a potential exit point. If there is a breakout then will hold position until blue trend line using the top bottom of channel as stop loss
NYSE:SNOW
by christianmartin4746
Snowflake, Inc. $SNOW reaches pattern target, partial exitSnowflake is a cloud computing-based data warehousing company based in Montana, named after the founders' love for winter sports. I like winter sports, and the ticker SNOW is aesthetically appealing in my portfolio. The trade setup was straightforward. The company IPO'd in 2020 at $220, and after one quarter that saw investors take price up above $400 per share, all post-IPO gains were given back by mid-2021, and price got down to as low as $180. Between March - July 2021, $SNOW formed an inverted Head and Shoulders bottom, reflected by the blue curved drawings - a left shoulder, a "head", and a right shoulder. Once price broke above the pattern boundary, I reached a measured target of $320 by applying the width of the pattern (from $180 to $250, or $70) to the breakout level of $250. $70 + $250 = $320 This measurement criteria is based on the works of John Magee and Robert D. Edwards in Technical Analysis of Stock Trends (5th edition, 1948). My stop-loss, the "Last Day Rule", and my limit order placement is based on teachings from my friend and active trading legend Peter L. Brandt (Diary of A Professional Commodity Trader, @PeterLBrandt). I've now covered 3/4 of this position for a gain of 28% (70/250). My maximum risk, assuming my stop loss order filled peacefully at its activation price was only 4% (10/250). The risk to reward setup at the time of entry was then (4%) to 28%, or 1 to 7. Snowflake is probably in line for further price gains, but I have no reason to believe I have an edge at these levels.
NYSE:SNOW
by jBTCkingaling
3