SNOW trade ideas
$SNOW still in price discovery mode.Charting for a friend.
Will try to work with what I have, but with what I have here, there's really not enough data or price confirmation to pinpoint any other than that we are in a price discovery territory.
As such, Wave B might not even have ended its run and may dip even lower.
An assumption that Wave B has completed is generous indeed, and in such circumstances, a Wave C climb will set a TP of $428.
However, it will be wise to stay on the sidelines for this one, for now.
SNOW 3/10 Trading PlanWill test 228 in the AM. If it breaks over a 30m candle I am out but I think this has potential for tomorrow.
$SNOW LONG$SNOW has been beaten down to IPO price during this rotation out of tech due to rising interest rates.
Lockup Expired on 3/5/2021, which added to sell pressure.
It's currently sitting at bottom of channel and major support.
With any NASDAQ strength and renewed confidence in growth names, we can see this bounce BIGLY.
BUY SNOW!Alerts blowing up today!
Got into snow at $249.97!
Went short on snow initially and you will see this on my ideas.... been waiting since IPO for this opportunity!
Gl all!
SNOW , LONG Snowflake Inc. provides cloud-based data platform in the United States and internationally.
Snow is holding up well this morning compared to it's high multiple buddies and is trading in a area of value .
Decided to trade take a swing position .
Good luck .
SNOW to $130Do your own research. I see NYSE:SNOW a massive head and shoulders pattern, with the neckline broken. Measured move is around $130.
SNOW monster sized head and shoulders projects... 60!First, I truly hate this company, so there i have bias in this for sure! My 'day job' as CTO of a (non-competitive) data technology company, and SNOW offers a lot of hype and a pretty wrapper around things that already exist. Or rather, it's old crap with a new skin. I find their product useless and uninspiring.
Now on to the TA: www.tradingview.com identified an H&S earlier today. While obviously I agree with those, I draw the lines a little bit differently using all data available since their IPO. This gives a neckline around 245 and the peak of 428 implying a potential drop of 428-245=183 from the neckline. 245-183 = 62.
Given the current 'smack the high value tech company theme' recently, SNOW qualifies as one of the highest with a price:sales ratio 16th highest of all technology companies at 144.5. With insider lockups expiring soon, there could be additional pressure here. One of the best looking tech shorts atm.
SNOWFLAKE: 2 HEAD & SHOULDER IN 1 We found 2 Head & Shoulder Formation. You can find them on Chart: one with WHITE LABELS and one with RED LABELS.
The Technical Analysis suggests us 2 TARGETS:
1️⃣ TARGET @ 180 $
2️⃣ TARGET @ 110 $
ENJOY YOUR TRADE 💪🏻
its snowing ❄i can't get a count out of this one, but from a psychological perspective: everyone is expecting snow to dump it for the next lock up
got a feeling it's going to squeeze.
buy on a retest of this trend line
SNOW SupportSnow is hitting support, I can see an uptrend in the future. However if it breaks lower then look to purchase shorts.
$SNOW🧨🧨It is PRIMED for a ride up, IT is where i want it to be, it is in my (POI) zone, looking to open up a position but only thing thats holding me down is this RED market, once it turns green its going to fly.
These red days are blessings in disguise. gives you and oppourtunity to get into a good stock for a very lucrative prices. Open small and stack if it goes further down.
PLease do your own DD, my analysis is pure technical.
USe proper stoploss, knowing when to get out is also a part of trading.
Trade Safe.
$SNOWPossible run up of snow into earnings.
THIS IS NOT FINANCIAL ADVICE AND IS POSTED FOR MY RECORDS.
Snowflake party ❄Of all the trades I've ever taken, this is the one I am most looking forward to.
I'm giving Snowflake a modest upside target of $1100 quite possibly even by the end of this year. I'll update my wave analysis on how we get to that target as we begin to move along.
Here's the thing though: I refuse to buy it unless it gets down into my golden zone of 287. If it does, champagnes on me.
$SNOW - Consolidation here below VWAP would bolster LONG viewThis stock is going up, so if you are value investor....buying here is no brainer.
more green daily candles is what I will look for before starting a position.
Either way, price is coiling and holding above SMA...supports upward move soon.
Time for Snowwwww There is both double bottom and bull flag formation on this chart. If it pass 330 level then it is aim is to reach 383 immediately... (Probably it will hit 400 )
I am taking it at this level. Good luck.
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.
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:
