SNOW trade ideas
Macro Long...Data is a big business and will only continue to grow, SNOWFLAKE will be one of the largest beneficiaries in this space long term.
SNOWInteresting paper with Warren Buffett in it. The trade is risky - the paper is volatile, it can go wherever it wants. Enter carefully, in small positions.
$SNOW Call and Bottom Support If $SNOW is able to keep the support drawn with the 30 minute chart, as established over the last month+, a call for the next few days should provide considerable returns.
SnowFlake to 500 Still in play, calls not changed from last weekBuy the Dip until proven otherwise in Bull trends!
Correction probably due to profit taking/ selling in anticipation of Dec 14 Snow Lock up Expiry
Elliot wave theory suggests another wave 5 to come, with wave 4 correction.
Descending wedge on correction - higher probability of upside move
I have bought early at 377, a bit early in hind sight, But If you see my previous posts I sold the local top area on 8 Dec so I am actually re buying more shares by selling high and buying more lower.
Buying more at current levels on Monday open.
These are opportunities to make money.
Buy during fear and the rewards are greater than buying in areas without fear.
SNOW TO 500!!
$SNOW - 12inch of SNOW scheduled tomorrow! What are the odds this takes off? or will it be slippery slope?
SNOW Take Profit Mode - Bullish Bat CompletionSNOW Bullish Bat Completion - now in take profit mode.
Entry at D and will sell half at 1st take profit 38 fib
SNOW - money flowing out of this name to new IPOsSNOW was the new shiny thing - up over 75% of the IPO price in just over 50 some trading days.
Now the new kids are in town. $DASH $ABNB
$DASH IPO coincided with QQQ sell off.
$ABNB is coming Thursday.
SNOW is selling and more down trend in QQQ to be expected. Profit taking time?
Playing PUTs when the price hits as high as $383 on the bounce.
Price Target $340
SNOWTapped out right at resistance with heavy volume on the day. Holding the 20 day for now. Would love to see it bust through $329 sometime this week.
BUY THE DIP | $SNOW LONGBUY THE DIP! Good morning traders, as we look at SNOW on larger timeframes we see a well-needed correction after this IPO made a push toward even more all-time highs. This week could be the last of being able to grab it around this price.
Looking at price action, there are a few things to consider starting with the retest of $301. $301 shows as a strong level first as resistance, now as support (if it holds). SNOW is a buy
DCJ | Happy Holidays
end of the 4th wave?hello so after correcting from the ATH snow seems to bouncing back ,i think we just completed the 4th impulse wave and should now see the 5th wave,,lets hope the reversal holds in the next few sessions
SNOW Elliot wave 1-2-3-4-5Forming triangles ; might be good entry at 280-320$; up to 530$
based on Elliot wave 1-2-3-4-5
Wedge . DilutionI m feeling that share dilution is gonna cause the wedge to breakout and cause a dip. Offloading position today
SNOW LongIf price holds above 340, we could see another impulse,
if it keeps breaking below 340,
it should hold above prior resistance around 300...
snowflakei wanna buy this stock, has roth ira written all over it. gotta find the right time, uptrend is dead for now have to see how it recovers
SNOW: It's a White Xmas for Insiders and MoMo TradersSnow has skied upwards to 398 today, from a post earning low of 272. With 20% short, the squeeze the short play has worked out great for the longs. With lock-up free coming up in 10 days (Dec 14) and market cap reaching over $100 bil, it's very probable the stock will retracet back to $355, then 320 around the VWAP.
Info about the co: As of the first quarter, research firm Forrester identified Snowflake’s data management products as being roughly as strong or stronger than Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), and Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL). Snowflake did, however, trail IBM (NYSE:IBM), Teradata (NYSE:TDC), Oracle (NYSE:ORCL) and SAP (NYSE:SAP) by significant amounts in the metric.
However, Snowflake’s pricing model, which enables its customers “to only pay for what they use in terms of computational processing and data storage,” differentiates it, according to a Seeking Alpha columnist. Further, Snowflake’s customer-satisfaction ratings, as measured by third-party websites, is the highest.
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