next levels for SNOWhello guys so lets see how snow did in the last two days ,just after the results there has been massive volume spikes and long bullish candles are forming,the volume today was higher than yesterdays volume which is a great sign,as per the FIb extension we can see the next major resistance is at the 397-400 level,if it defeats that level next would be 465(the stock touched 396 before reversing today,)....with the heavy volumes and bullish candles expect the trend to continue ,another observation be the closing price for today and yesterday which is close to the days high ,pointing to strong momentum
1SNOW trade ideas
Stock to watch: Snowflake Inc (SNOW) - re-uploadNYSE:SNOW
Re-uploading the original idea from Nov 24 (which was brutally deleted by the moderators LOL) 👇🏻
Original chart from Nov 24
Original idea was: May be an interesting stock to trade: Buy/Sell Zones Indicator shows that the price is in the green zone, indicating buyers interest. Targets for Long play may be previous highs up to 1 Fibonacci. The pre-market shows a small potential recoil that can give a good Long entry point.
The bias didn't change much - Long may be taken at a potential pullback + extend targets up to 1.618 Fib or even higher.
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snow is coming early this yearSnowflake is not a stock I would trade because I see it more of a long term investment. however, I just wanted to do a technical on the stock just for fun. its getting ready to break out of the ascending triangle. before market closed yesterday there was a decent amount of volume which raised the price from 245 to 251. lets see where it goes from here.
consolidation patternheyy guys,so SNOW seems to be in a consolidation pattern ,with support around the 230 zone and resistance around 255,it still seems to be digesting the listing gains ,once it breaks above 260 and holds it should rally ,lot of analysts have started reporting on the stock there median estimates are around 250 and high around 500 ,after this consolidation ends expect stock to rally or break down ,
p.s -i am long snow,