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Snowflake Inc.

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SNOW trade ideas

Snowflake: Snowed Under ❄️Snowflake seems to be snowed under with work. The share has a great deal to do, but is currently delaying the anticipated ascent, gradually sagging towards the support at $110.27. There is a 33% chance that the course might drop below this mark, thus developing wave alt.2 in turquoise earlier already. However, we primarily expect it to climb above the resistance at $205.66 first to lodge the top of wave x in magenta before moving downwards again. Wave 2 in turquoise should then return Snowflake below $205.66 and carry it below the support at $110.27, introducing fresh upwards movement afterward.
NYSE:SNOW
by MarketIntel
1
Snowflake - Fade Bears On Another Earnings DumpWhen it comes to tech stuff, I'm a contrarian and actually believe that Nasdaq is heading to 14,000+.However, as seen in my call below, I'm still expecting more of a bear trap than we've currently had. Nasdaq NQ QQQ - Reality Will Be a Tough Pill for Permabears I simply don't believe that, based on the price action of the markets over the last 6 and 8 months, that wobbly fundamentals and the Federal Reserve continuing to hike rates is going to be what crashes the market. All markets act like they bottomed in October and November of 2022, which to me says that prices must go higher. That being said, I also believe that a severe market crash lies ahead in the future, but I believe that the timing for it to unfold is July or August of this year. I also believe that geopolitical issues will be what cause the crash, not the Fed, and there are a number of them: 1. The Chinese Communist Party has lost millions of people to Wuhan Pneumonia. The situation is so much worse than the 90,000 deaths the lying communist regime claims that it's scary. This ultimately leads to China's infrastructure, military, law enforcement, and the Party itself being extremely weak. 2. Russia v Ukraine is set to escalate shortly, and the war isn't one bit "Russia v Ukraine," it's Russia versus the U.S.-led NATO block 3. Natural, manmade, and environmental disasters abound in this world and go unreported. One day, one of them will hit the United States and it will shock the markets. But the big one is #1. The fundamental problem for the world is everything about the world's oldest country right now revolves around the CCP's almost 24-year-long persecution of Falun Gong meditation. The Party has killed so many practitioners for their spiritual beliefs, and even committed the unprecedented sin of live organ harvesting, a sin that even Nero didn't commit in the persecution of Christians 2,000 years ago. Because Wall Street and the governments around the world have been providing financial, material, and political support to the regime over the entire course of the 24 year persecution, this inherently means that when the CCP falls and all the skeletons come out of the closet, you're going to have a hard time finding a place in the world that has clean hands. When that unfolds, it will really be hard for the market makers to keep making the market. The house of cards will really crumble. Educate yourself on the topic and go see Shen Yun when it performs in your area and see what China's dynasties were really like. As for the call, Snowflake had some good earnings but cut its growth outlook. This is a stock that trades in these really wide $40 and $50 ranges and has a Tesla-style volatility. Nonetheless, we're down 7% in postmarket and it should dump even further than that tomorrow when the markets open. We can tell from the long term price action that January's low was a clear stop raid, which turned around and took out two big daily pivots. It's a little early, being the very beginning of March, for a new LOY to be set, in my opinion. But it's not too early to bear trap and liquidate longs. What I'm really looking to see is the $130 - $135 range in conjunction with the Nasdaq hitting 11,500 range. This price corresponds with the 79% retrace and is a big discount to overall range equilibrium since Snowflake dumped from its COVID pump mania highs. Target to the upside would be $185, taking out the October pivot. Hard not to like a $50 move on a $130 stock. You want to buy red and sell green, but this gets hard when red is followed by red and green is followed by green. All and all, I still say fade the bear hype. When the doom really comes to these markets, it's going to catch everyone off guard. It's not going to come at a time when the Fed has slowed hiking to 0.25% and CPI is only printing 6%.
NYSE:SNOW
by LordWrymouth
SNOW-BEARISH SCENARIOYesterday, Snowflake, announced financial results for its fourth quarter and full year of fiscal 2023, ending January 31, 2023. Revenue for the quarter was $589.0 million, representing 53% year-over-year growth. Product revenue for the quarter was $555.3 million, representing 54% year-over-year growth. The remaining performance obligations were $3.7 billion, representing 38% year-over-year growth. Due to a disappointing growth outlook, the downtrend is more likely to continue Re-test of the $ 110 support level is expected. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:SNOWShort
by legacyFXofficial
SNOW with a potential short term bounce.Here we are looking at SNOW on the Daily TF. I would like to draw your attention to the up sloping Yellow trend line. If the price action closes below this trend line we can expect further downside action. The next target for SNOW is to the Green support line. Once the price hits the Green support line, you can look for a couple day bounce possibly back up to the Yellow support line. Once the Yellow support line is broken and price action comes back up to it, that same support line will then become resistance and could even be a good short level. What do you think is going to happen with snow in the next few days? Let me know in the comments. Cheers.
NYSE:SNOWLong
by GarethSolowayOfficial
8
Selling SNOW at trend of lower highs.Snowflake - 30d - We look to Sell at 179.69 (stop at 191.11) Daily signals are bearish. The primary trend remains bearish. The trend of lower highs is located at 180. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 151.11 and 141.11 Resistance: 165.00 / 170.00 / 180.00 Support: 155.00 / 145.50 / 140.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:SNOWShort
by Saxo
1
Snowflake ❄ Like all high P.E growth Tech this stock got a huge boost from lower cpi #. Up 30% in 2 days, I think we pull back and Retest daily 21ema around 153 If we break below 153 then we retest 146 fib area. Now if we bounce off 146 it would look like a formation of a right inverted head and shoulder. So what I'm saying is , a short term pullback then a possible rally to 170-185 if this market rally persist. Overall there's no catalyst for snow to go up other then following market pivot sentiment
NYSE:SNOW
by ContraryTrader
2
SNOW WOLFE WAVE DAILYThere is a daily wolfe wave setup that triggered on November 11 on the day of CPI. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right; however, the apex does not converge and as a result, identifying price targets short term should rely on moving averages or open gaps. The next major moving average is the 200 day ma which is 180.
NYSE:SNOWLong
by TOSOPTION