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SNOWFLAKE INCSNOWFLAKE INCSNOWFLAKE INC

SNOWFLAKE INC

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5Q5 trade ideas

Snowflake: Checked in ✅The SNOW share has experienced a surge over the past two weeks. In line with our primary scenario, the magenta-colored Target Zone (coordinates: $222.85 - $257.63) was reached. In this range, the wave of the same color (x) should now soon establish its high, whereupon a change of direction should take place. The Zone can be used accordingly to enter short positions. Please also note the 33% probable alternative scenario. Although we primarily expect a correction in the turquoise-colored wave 2, we take into account at this point that this movement could already be completed. The trigger would be a significant breach of the 50% retracement at $257.63.
NYSE:SNOWShort
by MarketIntel
1
SNOWFLAKES | Bullish BreakoutSNOWFLAKES has exhibited a series of notable breakouts, enhancing its bullish prospects: Symmetrical Triangle: The stock has experienced an upward breakout from a symmetrical triangle pattern, followed by a retest of the breakout level before continuing its ascent. Weekly Resistance: Additionally, SNOWFLAKES has surpassed a significant weekly resistance level, which had previously functioned as a support zone. These developments suggest a favorable upward trajectory for the stock, with potential for further gains. It is advisable to maintain a stop-loss level below 180 to manage risk effectively.
NYSE:SNOWLong
by TradeTrio
RiskMastery's Breakout Stocks - SNOW EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential. In this edition, we'll be looking at NYSE:SNOW ... I believe this code is at a point of potential volatility. If price can hold above $218.76 ... Bullish potential may be unlocked. My key upside targets include: - $250.35 (Conservative) - $291.72 (Medium) - $330.43 (Aggressive) If however price falls below $173.53 ... Bearish risk potential may be unlocked. (My key risk targets - C, M,& A - are as noted on the chart) Enjoy, and I look forward to being of further service into the future. If you'd like to connect, feel free to reach out and comment below. Mr RM | Risk Mastery Disclaimer: This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
NYSE:SNOWLong
by Bullfinder-official
Looking for a Breakout in Snowflake (SNOW)Company Info: Snowflake is a cloud data warehouse that can store and analyze all your data records in one place. It can automatically scale up/down its compute resources to load, integrate, and analyze data. As a result, you can run virtually any number of workloads across many users at the same time without worrying about resource contention. Workloads can include use cases such as batch data processing to interactive analytics to complex data pipelines. Techincals: It has been now consolidating inside the rectangle for almost 18 months and a breakout seems imminent. It used to one of the hottest stocks before the bear market. Looking for price to rapidly cross 200-204. Stops would then sit below 20 DMA (Daily Moving Average). Target would be 280.
NYSE:SNOWLong
by Kemsdale
6
Bullish on Snowflake Inc. ($SNOW)NYSE:SNOW is looking to break through a major resistance price of $205 and start snowballing to the north of the charts. Targeting the $300 price which is the next major price level. Snowflake has demonstrated remarkable revenue growth since its IPO!! As businesses increasingly migrate to the cloud for data storage and analytics, Snowflake's innovative cloud-native data platform stands out. Its architecture allows for seamless scalability, flexibility, and real-time data insights, making it a preferred choice for enterprises seeking advanced data solutions The company's subscription-based model, coupled with a diverse customer base, contributes to a steady revenue stream. With a rising demand for cloud data warehousing and analytics, Snowflake is well-positioned to capitalize on this trend and continue its impressive revenue trajectory which will reflect its stock price. Make it SNOW $$$
NYSE:SNOWLong
by EgideSimba
9
SNOW Broke Out Above Huge TriangleThe price action of SNOW has formed a significant triangle pattern beginning in August 2022. In December 2023, the price broke above this triangle and is currently undergoing consolidation within a smaller triangle, delineated by yellow lines. Another positive technical indicator is the 'Golden Crossover,' where the daily 50 moving average (white) crosses above the daily 200 moving average (blue). On the fundamental side, SNOW's growth trajectory is impressive. The company's revenue surged from $97 million in 2019 to $2 billion in 2023. This growth is partly attributed to the increasing efficacy of AI and the pivotal role of data in developing large language models. Assuming data continues to play a dominant role in AI development, it's reasonable to anticipate a continued rise in Snowflake's revenue. Moreover, Warren Buffett's investment of $735 million in the company adds another layer of confidence in its prospects.
NYSE:SNOWLong
by arthursh245
SNOWFLAKE breaking long time resistanceThere is a multi year resistance around $205 for NYSE:SNOW Signs I'm looking for: Top of channel to become support, a bounce off there and a move into $220 should confirm that. I want to see the SuperTrend indicator stay green, upwards of the level of where the red downtrend line exists. SuperTrends on higher time frame charts work the best. It's often pretty solid when used on individual stocks rather than an index. Take a look at the supertrend (strategy) and mess around with different time frames. You'll see the cumulative return is very high, often much higher than just buying and holding the equity. Let me know what you think : )
NYSE:SNOWLong
by DontSlamTheDoor
6
SNOW (Long) - Beautiful Technicals, Don't look at FundamentalsFundamentals Really not here to admire the pristine fundamentals - the stock is severely overpriced with a price-to-sales over 20 However, having been at this for a while, for a 6-month horizon, the technicals, price and the momentum are the things to focus on Regardless, NYSE:SNOW is an outstanding company with a very bright future. However, its price might fluctuate wildly over the coming years until its sales catch up with the valuation For now, the technicals are the key... Technicals The longer a firm has been forming a bottom, the more excited I tend to get about a breakout The price of SNOW has been oscillating around for a while, forming a basing pattern (pick any of the three names on the screen) and accumulating share demand and momentum If everything goes well, the price breaks out cleanly over the resistance (black line) Looking at the stochastics, momentum is strong and volume has been on our side for the duration of the most recent up leg - shown by the Chaikin Money Flow indicator. However, considering my slight doubts about the overall market, I would shorten the horizon on this trade to 2-3 months - to hedge the best in case the market calls the investors' "soft-landing" bluff Trade I see two potential way s of playing this trade: (i) enter where the price touched the red-coloured line, catching the pullback and frontrunning the breakout (if you have a strong conviction) or (ii) wait for the actual breakout - best-case scenario is a long, fat green candle which sustains the highs towards the close and does so on volume Given the first choice, stop loss just below the red line or the 19-day EMA. With the second option, the black line is the obvious stop Failed breakout would be an obvious no-no for me and I would abort the trade and wait how the price action develops Also closely watch the NASDAQ:QQQ , Snowflake likes to follow it and I have some worries about the sustainability of the tech rally Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation, it motivates me to keep producing ideas, thank you :)
NYSE:SNOWLong
by jurajholik