5Q5 trade ideas
$SNOW $CRWD $NIO $MSFT I OptionsSwing WatchlistSNOW 4H I After June, we see another SNOW ascending triangle leading into earnings in September. Watching a bounce near $260 or a break above $276.
CRWD 1D I CRWD was rejected right on our trend line last week near $270, watching for a bounce near $240-$245. CRWD is due to report earnings on 09/01.
NIO 1D I NIO possible cup and handle pattern. Watching for a break above $45 and the trend line. Our scanners picked up bullish activity expiring on 08/06.
MSFT 1D I A bounce above the breakout of this channel ($280-$285) that was formed back in 2020, could take MSFT closer to the average stock price target of $321.
SNOW - July activityI measured SNOW's monthly activity seems like there's a buy and sell pattern that is very obvious. The yellow lines indicate the trading days (weeks) of the month.
Short SNOW below 231.52 as per down fractal.SNOW has been wandering around a closed daily mouth since early March. Weekly is right on the balance line.
Down fractal of 231.52 is both the last fractal in the daily and weekly chart. If triggered, it would be valid both in the daily and weekly, with some energy for a run.
The trade will only be entered if the price goes below 231.52. If it does, we join the direction of the market.
NYSE:SNOW
SNOW > 275 can test 290-300Watch SNOW, I have an alert set this week for 275 calls if it breaks out of resistance, it can test 290-300 next.
<TradeVSA> SNOW (NYSE) Confirmation Reversal with NS SignalSign of Strength in the chart:
1. Climatic volume
2. Reversal with Sign of Strength
3. NS signal in weekly chart
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Snow , Long entry , Second attempt Upside wick is actually better than it looks when lower tf is consulted .
Also you will see that low volume test from first idea ended up being higher volume by close and as a result inders moved price dwon in a falling volume selling rally . Now we have the opposite to upside . Good signs so far .
Entry 251.84, Stop 242.65
SNOW BOUNCE OFF 251 SUPPORT I have been watching snow since it’s been recovering from the sell off it had about a month ago.
Anyway, I have been trading a lot of intraday bounces and my prediction of QCOM yesterday was similar to this.
Nothing fancy just a bounce play that was confirmed with the level 2 data.
I always look through the order book to get an idea of who is buying and selling, currently there is an order for about 1200 shares @251 which gives a lot more validity to my thesis that big money is buying this up.
The bold white line inside the purple rectangle is the area I identified as a demand zone - and where I plan on taking my position.
I plan on exiting when the order book tells me to get out but I expect a clean ten point run off the bounce.
I am new to trading so please bare with me if this isn’t up to par , I enjoy sharing ideas.
SNOW Inverse Head and ShouldersSnow is right at the neckline.
If it can break, then PT of 300
Else could see it fall back to 260 - 250
Unity/Snow Sequence Unity is following Snow in this sequence and Unity should Rip up this week. Have the 01/21/22 110C's and look to play Unity through earnings next month. GL!
(red) short term levels and (white) mid term levels
$Unity $Snow #Investing #Options #Stocks
SNOWSnowman is ready! Big volume came in all day on Friday. A hold of $270 garners either consolidation and support of the level or a straight shot to $300+. Trade only invalidated with a loss of $250.
MARKUP SNOWFLAKEclassic wyckoff accumulation
phase D, buec. resisntace BO, entering phase E --> Markup
-reaching top 3rd EW around ~ $300
$SNOW | Snowflake Inc: Bull Flag on Top of Structure$SNOW formed a bull flag above a key pivot level. Watch for a breakout of the flag structure as confirmation.
Initial Targets: $250 | $260 | $270
$SNOW Consolidation Break-out$SNOW I like this name and the cloud space. I've entered this several times in the consolidation phase when it looked to me that it was breaking out only to have it pull back in. I have it on my action list now if it can close over the 200 Day SMA. So that means either at the close today if it does or next week, if it does. All TBD. Ideas, not investing / trading advice.
Snowflake delivers the Data Cloud — a global network where thousands of organizations mobilize data with near-unlimited scale, concurrency, and performance. Inside the Data Cloud, organizations unite their siloed data, easily discover and securely share governed data, and execute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single and seamless experience across multiple public clouds. Snowflake’s platform is the engine that powers and provides access to the Data Cloud, creating a solution for data warehousing, data lakes, data engineering, data science, data application development, and data sharing.
Short SNOW below 184.71 as per down fractal.SNOW has been wandering around a closed daily mouth since early March. Weekly is still below the balance line.
Down fractal of 184.71 is both the last fractal in the daily and weekly chart. If triggered, it would be valid both in the daily and weekly, with some energy for a run.
The trade will only be entered if the price goes below 184.71. If it does, we join the direction of the market.
NYSE:SNOW
SNOW - Puts!Rounded double top here and I will be looking to trade this to the 234.50 level and perhaps 220 if 234.50 cannot hold as support.
$SNOW shows an inversed Head & Shoulders bullish long-termWe can see how an inversed shoulder-head-shoulder is being created. If confirmed the price could go as up as aprox 290$. RSI does not show any interesting view, but we can see a down trend right there in the last few days; in this line, MA (9) is falling,but I consider is just momentum. Moreover, $SNOW is reaching to its floor, so it could activate buy alerts; in this line, MA (50) is below to its current price it could also work as a floor. If it does not break these floors, the stock has two target price (showed in the graph). Disclosure: I'm not long $SNOW. But starting to consider it.
Snow , Long entry Snow looks good:
May 27th was a big day on that solid move up backed with volume followed by a congestion period where sellers were seemingly nicely absorbed.
Then, looking at the last 3 sessions, June 17th had a nice volume validated move up , 18th we see sellers introduce some supply ( but nothing buyers were not able to handle as evidenced by lower wick and tighter day). And today we have a very positive sign of a low volume test, which further confirms that current supply is irradiated . A continued move up seems probable .
SNOW earningsSNOW has been around since 2012 but IPO'd last year in September at a higher valuation than its initial public offer of $120. The IPO valuation started at $245 on Sept 16 2020 with the high of that day going all the way to $319. It didn't take long to reach an ATH of $429 right around December 2020. Ever since the ATH it has been in a momentum downtrend spiral while early investors and institutions bank on retail. Without a surprise the Resistance level sits around $244, which is a psychological level for many retail investors who got in last year in Sept. A breakout of this level will keep retail enthusiastic and falling under the endowment effect where they believe this stock will now continue to go higher. Retail must be aware that there is a bull trap market profile supply level around $250 and must not fall for the breakout trade (unless for a quick scalp). Market profile demand is sitting around $214. With an earnings release tomorrow after market close it is best to sit on your hands and wait to see what price does. Keep in mind that volatility is always the highest the day of earnings . Credit spreads are always best when playing a stock on earnings . Stay safe traders and investors. I will be playing either the Puts or Calls (credit side) once I see how this stock ends the day.
