4SNOW trade ideas
Snowflake ready to bounce!Snowflake is approaching an important level. If it nukes through our green box, idea is invalidated. Two red lines are resistance, although there's a good chance of breaking them all
SNOW - Bullish?NYSE:SNOW
Awaiting support confirmation then go for a long play and adjust stop loss accordingly.
SNOW below 297.09As funds sell the big winners this may have more room down, thin volume that can find support around the 270.00 area.
Head & shoulders pattern on SNOW.NYSE:SNOW
It looks like the neckline for this head & shoulders pattern has been broken.
Please be patience and wait for the price to drop to the highlighted demand zone, or even the measured level of this H&S pattern if you like this stock and wanna invest in it. (This is the most famous IPO in 2020 with blessing from Warren buffett:))
Alternatively if you wanna open a short position, the stop loss should be put above the right shoulder, and please expect the potential re-testing of neckline, it happens most of the time:)
Cheers.
Snow buy below 300If the price went under 300, I will personally buy a small possession.
I will buy more when the direction of the stock gets more clear.
Snowflake is a big and successful company, and I think it has alot more to provide in the "near" future.
SNOW LONG ENTRY GARTLEY HARMONIC BULLLLLLLLLL786 Gartley harmonic on SNOW. 4H bull div is already coming together quite nicely.
No snow for SnowflakeNYSE:SNOW is one of the most overpriced companies you can find right now.
After post IPo rally, stock is struggling lately with poor relative strengh to Nasdaq.
Potential breakdown of Head&Shoulders gives potential for new lows at $200 right now.
However, its not low risk entry idea, so prepare for some volatility.
Ready for next boom?Hi traders, this is my take on SNOW , I have no knowledge about fundamentals on this one, at all...
Always do your own DD.
We've had a little setback on this hot IPO, and it could look like we're setting up for the next big movement before the overall chill down of this stock.
I've drawn some rough estimates of how I believe future movements could be heading.
Hope this can help whether to set up a play on this one or not.
Have a good day.
SNOW 322 Retracement Target: 300, 280 and 250SNOW had an H&S topping pattern, the rapid post earning gains have all given back. Normally, one would expect a bounce, which could be to 350. But the 300 mil plus shares that become free tradable are very likely hit the market with plenty of supply, as holders waited until the new year to avoid the capital gain of 2020.
Assuming 20% of the shares would come to the market, that would be 60 mil shares plus?
The following are IPO price info and freed lock up share info, a stunning value ascending based on traders' hungry appetite.
"The expiry of the lockup could weigh on share price accretion from here, as early holders sell and SNOW's free float rises from 32.2 million to 345.8 million shares in March 2021," Colville said.
In September Snowflake kicked off trading at $245 a share, more than double its already lifted initial public offering price of $120, solidifying it as the largest software-focused IPO ever.
Snowflake originally set a midpoint range of $80 a share, but raised it to a midpoint of $105."
www.thestreet.com
Technically SNOW has been in chop if we overlook the one-week stunning run of more than $200 on a $250 stock; and that 250 would be likely the base by Spring.
Let It $SNOW, Let It $SNOW, Let It $SNOW - Bullish above 342I think Snowflake is finding some great support in the 315-340 range as the Gravestone Doji from its ATH of 429 played out.
Today (12/16/2020) it bounced nicely off of the 21-day moving average (purple on chart), and from here, I'm a buyer on the breakout above 342.
If the Nasdaq and market holds up, I see no reason why this can't rally back and get a new closing high in January 2021.
$SNOW - cleared to take off$SNOW is strong. Perhaps the most expensive stock in tech, but the market doesn't seem to care that much. We are trading the possibilities.
#tradeidea
Broken Wing Butterfly
+1 Dec 24 $355c
-2 Dec 24 $360c
+1 Dec 24 $362.5c
Cost bases: ~$0.80 ~ 1.2 (bit spready on long strikes)
Max $400 profit
profit above $355.77
The sell off fear is over, time to buy Snow has found Support at the 20D SMA
Given the stock release sell off fear is now over, only good days remain for now
I 'm aiming to buy here and sell prob 380-400 region, and assess further re can it go higher.
$SNOW long opportunityHuge volume wich may suggest short term bottom. If price holds 328, will enter and ride it until green shadow area. If price breaks 317 will exit the position.
Extremely Simple SNOW Long-Term Trade/InvestmentExtremely simple trade. SNOW is experiencing some price adjustment after experiencing a great rally for a few weeks. A classic "buy the dip" opportunity!
I plan on doing two things once the SMI shows a bullish crossing:
Purchase shares for my long-term investment portfolio
Far OTM bullish put spreads w/ 2 month or greater expiration (depends on premiums)
Hope you enjoy this simple trade idea! Don't forget to follow and like, as I post trade ideas daily.
Happy trading!
$SNOW - broke DTDown trend has ended (easy to see on the 30 min or lower-than-daily timeframe).
I will pick up shares and options for really short term gains. I love this stock for volatility. I play the 335-365 range in options. I always buy this stock under $310 for long term portfolio
