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Snowflake Inc.

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SNOW 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. Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
NYSE:SNOWLong
by randomname11
1
Too soon to know, but I am Bullish !?!?I was watching $SNOW from the sideline since its IPO in mid September. Unfortunately from a technical point of view, it's difficult to make any speculation on where and when the stock will move next. However, I believe the stock is in a bullish position. Looking at the chart, I could possibly speculate on the following points: 1. Ascending triangle narrowing and setting up for a run. Since October the stock is trending down, but always staying above the lower trend support (hourly). 2. Stochastic turned bullish. 3. MACD at turning point. 4. Overall TECH sector has been on mini cycles, in which buyers step in for 1- 2 weeks to buy and than usually is followed by 3-4 days of sell off. IF you can get in on the right side of the cycle, you can ride up the bullish wave.. $SNOW seems to be getting in the buying part of the cycle. 5. Stimulus coming? If so, should positively effect the stock. WARNING: A. Stock market is reaching overbought territory. B. Election is creating uncertainty, which in my view is causing part of this volatility. But to me it's more like we dont know what will happen, rather than OMG is going to be TRUMP or BIDEN presidency. C. COVID-19 spiking again! D. A major warning in itself, its and always been...wel.. you know... DONALD J. TRUMP :) This is not an investments advice. Do your own due diligence before investing in any stock! Happy weekend.
NYSE:SNOWLong
by aristocks
Sorry folks, I won't be trading Snowflake for now.....Yes, the legendary value investor who likes to buy boring business like Coca Cola and P&G are now moving to the fast spaced cloud technology and even Snowflake IPO Perhaps, he is aware times have changed and he needs to be more tech-centric towards selecting his stocks. Well, beside for a quick punt, I am very unlikely or motivated to dabble in IPO stocks as mentioned in several of my posts. It is not the few hundred % wins that I am not drawn to. It is the quick gain that will whack my psychology upside down, driving my greed zone to the maximum. The mind will be saying; "Wow, so easy to make money within a day.........just buy and at least 50-100% gain within a day, roll over a few IPOs , that is good enough!" That is also how many got themselves stuck when they had their first puff at smoking. Just one stick won't kill me. But it catches on........and before you know it, you are down at the convenience store buying a pack for yourself ,smoking away and looking cool like the Marlboro man........ So long as you have a clear strategy, employ proper risk management , I suppose an occasional quick punt is fine. Just know when to pull back......
NYSE:SNOWLong
by dchua1969