SNOW trade ideas
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
SNOW BUY - 130 TP - 159 SL - 123Fundamentally - nice growth dynamics. No debt. Increasing revenue and EPS. Overall bearish trend gives nice entry point.
Junk Stock #5Let it snow,
Let it snow,
Let it snow!
Is this just a wild guess, or is this a wildly overpriced hype company that's about to go down with the market?
will it break support or see a bounce? lets see what happens! snow saw another rejection from trend resistance I mentioned in my previous analysis, congrats to shorts!
now at strong support, a bounce here can send us 200-240 area, and a break below can send us to 132-94 area
Snowflake Stock Idea "Bat Pattern"Found a potential BAT for all my stock investors out there. It's worth taking a look at
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
