SNOW trade ideas
LONG SNOWClassic bullish divergence on the daily. This is probably kind of late to publish the idea. The perfect entry was around 230. However, it still has run to go. I bought a few shares, and already sold half of the position to book profits and will let this run. This is a technical, but also a fundamental play, and I love to hold stocks like this on my long term portfolio.
snow weekly resistance levels on daily chart mid march 21snow weekly resistance levels on daily chart mid march 21
Snow 18-02-2021 LongAsset and Time frame -SNOW,4H
Entry Price -294.98
Exit(Stop Loss) -287.67
Exit(Take Profit) -317.05
Technical Analysis -Price broke a confirmed LTF trend line with an engulfing bullish candle, and above the 4H MA, Price jumped because of the new 100 MA on the daily chart and reacted strongly,price also reacted to the 0.618 Fibonacci level.
I entered the trade with a smaller position(0.50%) because the market sentiment is currently bearish and because their earning report is soon.
I would like to hear your opinions and what can I do to improve, many thanks
SNOWFLAKE Stock Should Be On Your WatchlistSince the stock was listed on NYSE, it has rallied to a high @ 429, and now the stock price is near its all-time-low. If there is a break below this low with rejection (on high volume), that could be the reversal indication. This is a stock to be on your watchlist!!!
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
$SNOW still in price discovery mode.Charting for a friend.
Will try to work with what I have, but with what I have here, there's really not enough data or price confirmation to pinpoint any other than that we are in a price discovery territory.
As such, Wave B might not even have ended its run and may dip even lower.
An assumption that Wave B has completed is generous indeed, and in such circumstances, a Wave C climb will set a TP of $428.
However, it will be wise to stay on the sidelines for this one, for now.
SNOW 3/10 Trading PlanWill test 228 in the AM. If it breaks over a 30m candle I am out but I think this has potential for tomorrow.
$SNOW LONG$SNOW has been beaten down to IPO price during this rotation out of tech due to rising interest rates.
Lockup Expired on 3/5/2021, which added to sell pressure.
It's currently sitting at bottom of channel and major support.
With any NASDAQ strength and renewed confidence in growth names, we can see this bounce BIGLY.
BUY SNOW!Alerts blowing up today!
Got into snow at $249.97!
Went short on snow initially and you will see this on my ideas.... been waiting since IPO for this opportunity!
Gl all!
SNOW , LONG Snowflake Inc. provides cloud-based data platform in the United States and internationally.
Snow is holding up well this morning compared to it's high multiple buddies and is trading in a area of value .
Decided to trade take a swing position .
Good luck .
SNOW to $130Do your own research. I see NYSE:SNOW a massive head and shoulders pattern, with the neckline broken. Measured move is around $130.
SNOW monster sized head and shoulders projects... 60!First, I truly hate this company, so there i have bias in this for sure! My 'day job' as CTO of a (non-competitive) data technology company, and SNOW offers a lot of hype and a pretty wrapper around things that already exist. Or rather, it's old crap with a new skin. I find their product useless and uninspiring.
Now on to the TA: www.tradingview.com identified an H&S earlier today. While obviously I agree with those, I draw the lines a little bit differently using all data available since their IPO. This gives a neckline around 245 and the peak of 428 implying a potential drop of 428-245=183 from the neckline. 245-183 = 62.
Given the current 'smack the high value tech company theme' recently, SNOW qualifies as one of the highest with a price:sales ratio 16th highest of all technology companies at 144.5. With insider lockups expiring soon, there could be additional pressure here. One of the best looking tech shorts atm.
SNOWFLAKE: 2 HEAD & SHOULDER IN 1 We found 2 Head & Shoulder Formation. You can find them on Chart: one with WHITE LABELS and one with RED LABELS.
The Technical Analysis suggests us 2 TARGETS:
1️⃣ TARGET @ 180 $
2️⃣ TARGET @ 110 $
ENJOY YOUR TRADE 💪🏻
its snowing ❄i can't get a count out of this one, but from a psychological perspective: everyone is expecting snow to dump it for the next lock up
got a feeling it's going to squeeze.
buy on a retest of this trend line
SNOW SupportSnow is hitting support, I can see an uptrend in the future. However if it breaks lower then look to purchase shorts.
$SNOW🧨🧨It is PRIMED for a ride up, IT is where i want it to be, it is in my (POI) zone, looking to open up a position but only thing thats holding me down is this RED market, once it turns green its going to fly.
These red days are blessings in disguise. gives you and oppourtunity to get into a good stock for a very lucrative prices. Open small and stack if it goes further down.
PLease do your own DD, my analysis is pure technical.
USe proper stoploss, knowing when to get out is also a part of trading.
Trade Safe.
$SNOWPossible run up of snow into earnings.
THIS IS NOT FINANCIAL ADVICE AND IS POSTED FOR MY RECORDS.
Snowflake party ❄Of all the trades I've ever taken, this is the one I am most looking forward to.
I'm giving Snowflake a modest upside target of $1100 quite possibly even by the end of this year. I'll update my wave analysis on how we get to that target as we begin to move along.
Here's the thing though: I refuse to buy it unless it gets down into my golden zone of 287. If it does, champagnes on me.
$SNOW - Consolidation here below VWAP would bolster LONG viewThis stock is going up, so if you are value investor....buying here is no brainer.
more green daily candles is what I will look for before starting a position.
Either way, price is coiling and holding above SMA...supports upward move soon.
