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SNOWFLAKE

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1SNOW trade ideas

SNOWFLAKE-BULLISH OPPORTUNITYA short-term buy opportunity from Snowflake. The company lost more than 62% from its peak in November 2021 and is now trading around the $154 price level. The fundamentals for Snowflake are not good and a new test of the $110 support level may be expected in a long run. In the short term, the price may continue its uptrend to the 0.236 fibo or around the $180 price level. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:SNOWLong
by legacyFXofficial
Broadening PatternI also see a flag like structure after a deep move to the downside which could be a channel up versus a flag. I will avoid this one for now. The trendlines are broadening and are no longer parallel. I find this pattern difficult as it may keep broadening or it may establish a megaphone with another touch or two, and just bounce back and forth between the 2 trendlines which can become wider and wider, or not. Makes my head hurt so I do not fool with it. LOL Narrowing, (both trendlines slope down and narrow at the apex) can indicate a falling wedge is forming which can be bullish. I have noted that a channel down with trendlines narrowing or broadening can indicate a change of direction, even if temporary, is around the corner. Short interest is approximately 4.66%. Earnings 8-27 AMC (after market closes). It does not appear most analysts are bullish on earnings. No recommendation. Today's candle is on the verge on engulfing yesterday's candle. Most folks prefer thinking with what some call their "fast brain" and we use this part of our brain much more often that our "slow brain". We use our slow brain more for more difficult decisions and it takes more energy to use the slow brain versus the fast brain. Many mistakes we make can be avoided by not being overly dependent on our fast brain. 2x2=? Example of fast brain use 57x57=? Example of most having to access their slow brain.
NYSE:SNOW
by lauralea
Earnings MissLow today was 112.10 and buyers came in and pushed price up so far today. Price is well off the low today. SNOW is below the IPO price, well below it so new support will have to be formed. Right now there is no evidence of a strong support level underneath price. SNOW's financial metrics are very poor due to a high price to sales ratio and relatively low cash flow, but many analysts are bullish on SNOW. Obviously a bunch of folks are bullish because folks are buying this on the dip. Maybe just day trades. Who knows? Short percent is between 3.6 and 4.44% depending on where you look. The long term DMAs are all sloping down. Even the 200 is trying to slope down. Negative moving average crossovers on all 4 longer term SMAs. The shorter term moving averages, red, white and blue or William's alligator, are also sloping down. This indicator consists of the 5, 8 and the 13 with some tweaks. Today is a rally up and maybe an end of month type of thingy....Dunno about this market sometimes but I am not jumping off a cliff today to buy stuff for the long term. I am not known to have a ton of common sense )o: but I am definitely not a dim bulb in the chandelier and I think I have good instincts, well most of the time. Just feels like a bear rally to me and I am wondering if the stocks that missed and are trying to rally up today will pay later. No recommendation. Snowflake Inc. provides a cloud-based data platform in the United States and internationally. The company’s platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. Its platform is used by various organizations of sizes in a range of industries. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Bozeman, Montana. I love Montana (o: EPS (FWD) 0.16 PE (FWD) 828.31 Div Rate (FWD) 0 Yield (FWD) 0 Short Interest 4.44% Market Cap $43.68B
NYSE:SNOW
by lauralea
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