SNOW Round DownSNOW is rounding down in price, couldn't get above its moving averages. With the sell off in tech i think this will continue its trend downward toward support at the 207 area.
4SNOW trade ideas
$SNOW held well all week...Could have dropped but held on, unless we get a market retracement still liking this into the next few weeks...
Snow IH&S nearly formed Failed at 241 again and now the should has some better shape to it. Perhaps this time the 241 area break will stick
$SNOW | Inverse Head and Shoulders: Watch For A Breakout$SNOW just completed a bullish inverse head and shoulders.
Watch for a breakout of the neckline at $245 as confirmation for further upside.
Initial targets are 265, 275
Let me know what you think in the comments. Please leave a like if you agree with my analysis! 👍🏽
I've made a discovery PLTR and SNOW continue to mirror one another. They both have fractals on the lower time frame. This usually signals that we're heading up. The month of April is quickly coming to a close. April seasonality is great for there stock market. With the wave of stocks announcing earnings at the end of the month we should continue to see more rallies. However I'm very pessimistic about the outcome of the stock market after the month of April.
SNOW just broke out!We just broke out from the falling wedge.
Bullish divergence points to this being a bullish trend reversal.
$SNOW Inverse Head and Shoulders Reversal 4/14 Video breakdown to $SNOW We are watching this AM. Has a potential reversal coming soon.
Potential upside on SNOWFormation of an inverse head and shoulders pattern on the daily chart - a bullish chart pattern.
Looking to long if it closes above 241.59 and if there is a spike in volume.
Another thing to note is that 9EMA is about to cross above 21EMA, a sign that short term bearish trend is about to turn bullish.
PT1: 250.62
PT2: 254.59
PT3: 264
$SNOW Imminent EMA crossSNOW has been beaten down below IPO price and has completed a descending trend, looking to break out. A daily 8EMA to 21EMA crossover should indicate A bullish move towards some upside. Even if this move is just a corrective wave with more downside, the trend will push this to the .618 and decide what to do from there. Looking to add longs if it moves over 242.67 and holds that level. The move above should come quick too, using the VWAP from the highs as a magnet.
Snow nearing breakout from IH&SUpdate Snow is nearing the breakout. Look for 250 calls if it breaks 241 area
$SNOW vs $BIGC two set ups I like, see who wins...$SNOW is at the volume shelf, $BIGC has room to run to get there but is at the smas...
Should I buy Coinbase tomorrow?I know this could be a totally different story, but it is good to review this post!
If you are an active trader:
I believe no matter what is the opening price for Coinbase tomorrow, it could be possible to buy it at a lower price the day after tomorrow..! if you have doubts, check the biggest companies opening days!
If you are a long-term investor: you have to be more careful, in most cases, the opening day bubble will bust in a couple of months.
Even the biggest tech companies like Facebook had experienced the same story!
please check my previous post about the opening day of BMBL.
Similar patterns PLTR vs SNOW Both patterns can be characterized as irregular flats. Irregular flats can be framed using two trends lines both of which are pointing towards two different directions. Irregular flats can be hard to time. Thats why we rely on fractal patterns more specifically LDCs. LDC stands for lower degree correction. The general formula we use to understand markets is BF = first impulse + Elliot correction wave (ABC) + second impulse.
Snow update failed 241 breakout, watching for IH&S before entryLooking for starter adds long under 220 and down to 213 area for long to 250 area. Will look for May 240 calls now
Long | SNOWNYSE:SNOW
Possible Scenario: LONG
Evidence: Price Action
TP1 ~ 250, TP2 ~260, TP3 ~270
This is my idea and could be wrong 100%,
SNOW projectionsWe're in a downtrend channel.
The stock is in the leading diagonal stage.
We're expecting the rising wedge to fail, and create a second leg down.
If 210 (zone) holds, we should expect its next movement to reach the 248 zone.
SNOW longer term Call Options expiring 2022.SNOW measured move in equality into wave C support at about 212 is a buyable level. Look to establish LEAPs on SNOW expiring 2022. With stops below 200.
