$SNOW Looking goodNYSE:SNOW Looking good! There is overhead resistance which is convergence of vwap and 200 DMA around $169 to $171 area. 👀
If it can overcome that area, it can run to $180 to $183 area.
S2NW34 trade ideas
$SNOW nice looking technical setupI like this kinda cuppy thing SNOW got going on, they got ER next week though.
SNOW - Another Trend Break & Retest Long IdeaSNOW gapped up over a descending trendline today and has held on a retest. If it continues moving lower, I expect it to hold again.
SNOWFLAKE $SNOW | Potential Scenarios and Key ObservationsNYSE:SNOW
Currently, SNOW is in an upward channel but has experienced strong movement to the downside. It is now trading below the 200 SMA trendline.
It's important to note that SNOW is currently oversold, and an RSI divergence has occurred within this oversold area.
My indicator also reveals that shortly after an oversold RSI divergence occurred, the price reacted strongly to it.
Nevertheless, I would like to see one of two possible next moves before considering a long position.
Scenario 1:
SNOW rebounds, tests the 200 SMA, gets rejected, and heads towards the bullish gap below the current price. In this area, I would like to see a strong reaction, possibly indicated by a significant spike in volume accompanied by a rejection candle.
Scenario 2:
SNOW falls directly into the bullish gap below and strongly rejects this area. In this scenario, I would like to see the gap closed by a candle with an above-average wick rejection and a spike in volume to confirm buyer commitment.
In terms of the bigger picture, although the stock price is in a small upward trend, movements in both directions have similar strength. Volume spikes occur when the price reaches either the upper or lower level of the channel.
SNOW Descending Wedge Long IdeaSNOW looks like it is ready to run up into earnings and some of its conferences where they plan to announce plans for the future, NVDA will be a part of it. SNOW has shown some weakness the last 2-3 days, but the long term picture is still bullish unless NQ rolls over.
Snowflake Ascending Channel bound, with upside potentialHi guys! So always looking for opportunities in repeating patterns/ macro developments.
SNowflake (SNOW) particularly stuck out.
This analysis is conducted in the 1 day timeframe.
Since June 2022, SNOW has been in a Ascending Channel with consistent Higher low prints.
This shows a reoccuring pattern of everytime we've made our way to the bottom of the channel to test Support, we've had bounces to the Upside.
We've had roughly 4 major moves highlighted with returns ranging from 40% to 80%.
We have in April made our way back to test Suppport on this channel.
Currently up roughly 10%.
We are also Above the 21 EMA, maintaining Support.
This is also a reoccuring sign of a rally to the upside.
Currently our 21 EMA is curving to the upside. The rallies that have occured in the past from touching the support line of channel have shown this sign as well.
FOllowed by a Golden cross, where 21 EMA maintains its position above 50 SMA.
Look for this signal to appear.
There is also potential for another test of Support on the lower border of channel. Keep this in mind as it is seen when you look at the previous data.
Remember it is bad practice to trade using a single indicator or tool. Always try to find overlap of signals. Look to updates ont his idea for more evidence to make informed decisions.
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Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on SNOW in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
SNOW - short term uptrendAfter crazy carnage on earnings, SNOW got out of the downtrend and now in short term uptrend.
For long I'd be paying attention to volume, you want to see increase in volume and strong buying pressure to make it to next resistance levels 164, 172 and 182.
Beware of earnings on 5/22. Could run until then and earnings are always a gamble.
$SNOW - Looks goodNYSE:SNOW Snowflake is back above the trendline and trading around the Point of Control resistance area.
Oscillators are showing bullish divergence.
See Mar 27 post for price targets.
Results due 22 May 2024Snowflake reported its maiden results back in December 2020
Revenue $159.62M reported earnings $ -0.28M.
Revenue has grown exponentially since though earnings have been negative to date.
Results are due 22nd May 2024, estimated revenue $786.8M, estimated maiden positive earnings $0.174M.
Stock price currently stands at lower support level.
Snow long positionHi traders,
The price has been in the range since July 2022.
The support has held strong but the resistance at 190 $ has proven to be a key level as well.
We expect the price to retest the support again which could be the entry for the long position. After that l think SNOW will move up again and will try to break the resistance.
Target for long; 190 $
Of the price breaks below the key support, the long position should be closed.
good luck
SNOW - Another nailed entry explained. On our way to a 48 R:R TPYes, 48 R:R sounds crazy. How about a 54 R:R? even crazier.
Watch this video to understand how this is super possible over and over again in the markets.
Happy Trading :)
- TraderDaddyOG
Make It Rain When The Temperatures LowAs my grandma used to say, "we don't play in the snow, we just make it rain when the temperatures low"
Bullish mid-long term.
Bullish near-term IF it regains 164 in the coming days.
- If it breaks back above 164 by 3/14 then my initial target is 187 by 3/25/2024
- Regardless, it will be trading at 207 minimum by end of 2024. Point target by end of 2024 = 287 (+78% upside). Upper target by end of 2024 = 300.
** Buy zone is 155-170. I like shares here.
SNOW - Major long opportunity! Look for this to enterThis is super interesting and we could be near a great level to get in for a longer term hold.
Many confluences on this one so keep this one on the list!
Happy Trading :)
Snow updateSnow looks like it's found a short term bottom, i'd be long shares here with a stop at 151.50. Below that i could see $140 in play. To the upside we could see $190. I don't believe this will be a quick rally and likely it will choppy, so i would avoid short term options.
Snowflake Buy RangeIf this lower trendline can hold, this is a great buy opportunity for SNOW. My fortune 500 employer has adopted snowflake and I've read their licensing agreements are more profitable and sustainable than competitors. I have opened a position at these levels.
Fundamentals have also been trending positively if you look at their revenue and EPS.
Snowflake Unveils Data Clean Rooms: A Secure Cross- CloudData Clean Rooms, a technology born out of the need for secure data collaboration, have now been democratized by Snowflake ( NYSE:SNOW ), making them accessible to enterprises of all sizes. With the general availability of Snowflake Data Clean Rooms in AWS East, AWS West, and Azure West, businesses can now revolutionize how they share and collaborate on sensitive data, all within the secure confines of the Data Cloud.
The integration of Samooha, a leading data clean room technology provider, into Snowflake's Data Cloud marks a significant milestone in the realm of data privacy and security. Recognized as one of the most innovative data science companies of 2024 by Fast Company, Samooha brings its expertise to Snowflake, enhancing the platform with advanced compliance, security, and privacy capabilities.
Empowering Businesses Across Industries
Data Clean Rooms have emerged as a vital solution for organizations grappling with the complexities of sharing sensitive data while adhering to strict privacy regulations. Previously, this technology was primarily accessible to large enterprises with dedicated data privacy experts. However, Snowflake's initiative changes the game by making Data Clean Rooms available as a native app within its platform.
Businesses can now leverage Snowflake Data Clean Rooms to:
1. Unlock Value Through Secure Collaboration: Snowflake Data Clean Rooms enable teams to collaborate on sensitive data securely and cost-effectively. With pre-built industry-specific workflows and templates, organizations can derive actionable insights from their data without compromising security.
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A Shift in Data Collaboration Dynamics
Snowflake's introduction of Data Clean Rooms signifies a paradigm shift in how businesses approach data collaboration. With third-party cookie deprecation looming large, the need for secure, cloud-agnostic collaboration has never been greater. Snowflake ( NYSE:SNOW ) is at the forefront of this revolution, empowering marketers and enterprises to unlock high-value business outcomes while safeguarding data privacy.
As industries evolve and regulatory landscapes change, the adoption of Data Clean Rooms is expected to expand beyond media and entertainment into highly regulated sectors like finance and healthcare. Snowflake's platform, coupled with Data Clean Rooms, equips businesses with the tools they need to navigate the complexities of data collaboration in the modern digital landscape.
$SNOW - Attractive entry pointNYSE:SNOW Snowflake is checking back to the multi-year trendline from which it has bounced previously. This could potentially be an attractive entry point.
If it fails to bounce from the trendline area, a drop to the $140 area is possible.
Upside Targets:
$171
$184
$195
Risk:
$140
No idea what snowflake does but it looks goodRSI completely bottomed out, macd turning up, williams% completely bottomed out.
Chart continues to make higher lows and higher highs...
target is clear. Accumulation almost over.
SNOW March 24: Some Lessons LearnedNYSE:SNOW was one of a very good acting stocks from the low of November 23, at around $145, it increased to $236 on Feb 28, 24. A nearly 60% run.
Its key moving averages (MA50/150/200) had been acting very well.
On Feb 29, 24, NYSE:SNOW broke down hard violating its MA-50 on huge volume, after earnings.
The big gap down of -18% made it looks like a bargain. However, in the stock market, cheap is not equivalent to a good buy.
Even if we bought it on the low of that day, at the time of this writing (March 24) the stock went down another 12%.
Never bottom fishing.
Focus on the strongest stocks.
Trade only the stocks which are above its rising MA-50/150/200
Scale down before earnings is a good idea.
SNOW is Rising this Winter❄️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 SNOW has been overall bullish , trading within the rising channel in red.
Currently, SNOW is in a correction phase and approaching the lower bound of the channel.
Moreover, it is retesting a strong support in green at $140.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline.
📚 As per my trading style:
As #SNOW approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SNOW Options Puts Update - SNOW Approaching $150 TargetSNOW is approaching my price target and there has been a slight rebound. I think there could be more dips into the light blue trendline over the next few days within the next 1-2 weeks. I would look to close out the options puts trade here and would look for a buying opportunity. The price targets on the way up are $178 and $229.
$SNOW almost bottomed here but Mind the Gap! I think the continued fall into the gap below is too obvious. I can see NYSE:SNOW recovering next week into $160, and perhaps overextend a bit above $160, but later failing and filling the gap below the red dotted line. Once this is complete, perhaps NYSE:SNOW is ready for a long recovery until year-end. See the triangle by zooming out! I think NYSE:SNOW will move along this large yellow triangle for the next 12 months or so. Perhaps failing again and retesting the gap below and then by 2025 I see a better chance of recovery. Let's see how this plays out. Trade safe. I like call spreads into April 12 or April 19 at 165-160 strikes, and perhaps a small short term hedge for next week in case the wedge pattern continues to the downside breaking the red dotted line.
SNOW Continues its Meltdown Towards $149-150SNOW has been playing out very well, I thought there would be some bounces along the way, but it has been a lot of downside with little bounces. I'm patiently waiting for $149-150. I wouldn't be surprised to see a move down to the yellow trendline at $142.20 either, we'll track and see how SNOW is doing over the next few weeks.
