Snowflake Stock Idea "Bat Pattern"Found a potential BAT for all my stock investors out there. It's worth taking a look at
4SNOW trade ideas
19/4/2022 NYSE SNOWDesicion to Short. Entry Price = $190.50. Target Price=$181.50. Stop Price=$199.50.
Another rejection at resistance for snow? 🥶☃ in this bearish downtrend, if it can break above trend resistance a rally to 290-300 is possible.
if it cant then targets are 170.54-132.55-94.56
$SNOW DAYTRADE OPPORTUNITY -Ready to play this both ways For a swing since this is on the daily
-will not enter unless we get a valid set up
-1-2 Daily candle confirmations
SNOW channel up play Channel up play with tight stop loss if near bottom channel trend line. $229.30 is the level to watch for puts. Expecting $15-$20 move for day trades.
SNOW shortSNOW is making an ascending wedge on declining volume into a huge wall that is the downtrend line, the 50 day moving average, and the 240-250 area that served as previous support. Given the market environment this looks to be a good risk reward for a short position.
Lower!Price is making lower lows and lower highs (trend lower) following a nice descending trend line ! I would not touch it for the time being unless we can clearly break to the upside that down trend line !!! Just my opinion :)
Trendline break thanks to RipsterFormed a bull pattern on daily chart now it broke. THis is courtesy of Ripsteer
Snowflake Inc Fractal MapPotential of Bulls and Bears in terms of fib in respect to overall fractal shapes and the cycles (TIMING).
Fibs lines will act as magnet and market reversal trigger which are in quantum state.
$SNOW Trading it 3/30below 236
228-231 possible intraday
idea only valid if market red/negative 2morrow ; the other 4 ideas I posted were LONG bias, incase those don't come to fruition good short play below level
#optionstrading #options #daytrading #tradeideas #stockmarket
$SNOW Trading it 3/29, Top Gainer Playabove 239 (with test for support)
247-251 possible intraday
idea only valid if market green/positive 2morrow
#optionstrading #options #daytrading #tradeideas #stockmarket
$SNOW with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SNOW after a Negative over reaction following its earnings release placing the stock in drift C.
$SNOW trading it LONG 3/21above 226 (entry), 231.5-236 possible (target range)
240 Key Level, if at any point over like the chance that we see 260+ quickly after it
market needs to be green or pushing up else idea invalid
#daytrading #optionstrading #tradeideas #options
SNOW Heading Towards $260As we see bullish momentum in stock recently it's heading toward the $260 price level. We might see a little pullback.
Well, that went oddly well...A follow up from 2 weeks ago... Coincidence? Not really... I would be looking for just a little more pullback and then what? Well if the markets were bottomed, which they are a long ways from.. I would say buy in the higher 150s to 160 range. Being the markets still have a very large fall coming, I see this more of a netflix. If you must buy though... for whatever reason, I know there are many of you on this board... well target is pretty close to being reached. I personally would not be buying long here... exit the short and it's done. Check back when the markets are done coming down and re-evaluate.
$SNOW trading it 3/15below 164
150-155 would be target (intraday)
below 150 140 VERY possible... maybe an overnight or swing position if below 140 near close
#daytrading #optionstrading #options
3/13/22 SNOWSnowflake, Inc. ( NYSE:SNOW )
Sector: Technology Services (Packaged Software)
Market Capitalization: $55.263B
Current Price: $180.42
Breakdown price: $185.00
Sell Zone (Top/Bottom Range): $231.00-$193.25
Price Target: $51.20-$48.80 (3rd)
Estimated Duration to Target: 111-120d (3rd)
Contract of Interest: $SNOW 6/17/22 180p
Trade price as of publish date: $26.75/contract
$SNOW - Near 52 week low and iH&S possiblySnowflake's 52wk low is $184.71. I would set the stop at 184.5. If there is a bounce before it reaches a new low, it could be an inverse head and shoulders and heading much higher. It is tough though as any company that is not cash flow positive is being beaten down with expectations their expenses will increase and margins will decrease which is why it is continuing lower. The risk/return is good here and is worth of watching further. Below $184.5 and there is no bottom resistance to hold it higher. If you are long, you really do not want to see it go lower than that level.
SNOW - Swing IdeaAfter a beat on earnings and a 480 price target, I see limited downside and great upside despite the poor growth forecast. SNOW is already approaching its 52 week low, and after this massive spike in volume, I'm hoping to see more momentum or sustained volume before taking a position. Both the RSI and MACD are in good position for a reversal, and again, volume is the only thing left.
Blue circle: Potential entry price/area
Red box: Stop loss
Green box: Take profit
$SNOW ChannelWith a disappointing earnings, looks like we're heading to the bottom of the multi-year channel. I would wait for us to test 200 before trying to play any bounce.
SNOW - Broken charts take long time to recoverlost trendline support on big volume...will continue to slide to ATL
For the kids playing earnings..Its a dangerous game at all times.. especially in a bear market. Sadly I know someone that followed their friend on this one and while the original person is just a total clown, I feel bad for the one that followed him into this one before earnings thinking it was going to rocket up. Everything about this chart says bearish (not charted here, sorry). What were they thinking???? See you at 160... (any pullback is just a chance to get in short)
