Hello fellow traders and investors, here's another trade idea.
SNOW has recently been pulling back and previously makes a breakout above the trendlines , if PTON makes a recovery to the take profit area it offers around a 40% ROI .

The Macd indicates that it's oversold
The EMA's are in a downtrend
The RSI is oversold

When To Buy:
When the Macd crosses its EMA
When the EMA's crossover

When To Sell:
I recommend selling at its previous high offering around a 40% ROI .

Fundamentals: SNOW provides a cloud-based data storing software that provides data warehouse modernization, accelerating analytics and overall productivity. They have a P/S of 103 which is a lot, sales growth Q/Q of 118.60% which is amazing however their earnings per share growth Q/Q of -218% isn't good at all however with their amazing return on investment of 66% they should be able to fix this is in a few years and finally, a short float of 17% which could easily cause a short squeeze if it breaks out over the trendline and investors and traders start buying they will have to cover their positions.

Rating: 50/100 since their technicals look okay and their EPS and P/S isn't looking too strong their rating will have to be 40 /100 however if this meets your criteria feel free to add it to your watchlist.

I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.


Do you think Snowflake is a good buy?
Chartguru1 TradeTheTrends
@TradeTheTrends, not a doubt it is..end of quarter rebalancing. Buy with both fists !
+1 Reply
@Chartguru1 I agree however I personally would wait for confirmation
Chartguru1 TradeTheTrends
@TradeTheTrends, wowzers! She erupted
+1 Reply
@Chartguru1 Yes she did :)
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out