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Snowflake Inc.

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SNOW trade ideas

$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.
NYSE:SNOWLong
by Modus777
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.
NYSE:SNOW
by Moshkelgosha
2
$SNOW Potential Bottom PickingNow that the trading week is over, we can take a closer look at how the broader markets have performed. For the most part of the week, the markets appeared to be quite choppy but now looking like we can potentially start moving higher. If that is the case, then I think there is a potential here to bottom pick a high flying enterprise software company called Snowflake. At one point this stock was trading over 150x price to sales. It might sound ridiculous but in a controlled market where you have massive money printing, I don't think the majority of market participants are buying for fundamental cash flow. Instead, the markets appear to be competing for market share as there are only 100% possible owners of a company. :) All in all, I categorized this technical setup as a reversal play and if the broader markets can rally then I think $SNOW can run up quite substantially for the short to mid term trader. - EnterpriseGuy
NYSE:SNOWLong
by finvizclub