Hi guys! So always looking for opportunities in repeating patterns/ macro developments. SNowflake (SNOW) particularly stuck out. This analysis is conducted in the 1 day timeframe. Since June 2022, SNOW has been in a Ascending Channel with consistent Higher low prints. This shows a reoccuring pattern of everytime we've made our way to the bottom of the channel...
NYSE:SNOW Currently, SNOW is in an upward channel but has experienced strong movement to the downside. It is now trading below the 200 SMA trendline. It's important to note that SNOW is currently oversold, and an RSI divergence has occurred within this oversold area. My indicator also reveals that shortly after an oversold RSI divergence occurred, the price...
As my grandma used to say, "we don't play in the snow, we just make it rain when the temperatures low" Bullish mid-long term. Bullish near-term IF it regains 164 in the coming days. - If it breaks back above 164 by 3/14 then my initial target is 187 by 3/25/2024 - Regardless, it will be trading at 207 minimum by end of 2024. Point target by end of 2024 = 287 ...
Data Clean Rooms, a technology born out of the need for secure data collaboration, have now been democratized by Snowflake ( NYSE:SNOW ), making them accessible to enterprises of all sizes. With the general availability of Snowflake Data Clean Rooms in AWS East, AWS West, and Azure West, businesses can now revolutionize how they share and collaborate on sensitive...
SNOW is approaching my price target and there has been a slight rebound. I think there could be more dips into the light blue trendline over the next few days within the next 1-2 weeks. I would look to close out the options puts trade here and would look for a buying opportunity. The price targets on the way up are $178 and $229.
SNOW has been playing out very well, I thought there would be some bounces along the way, but it has been a lot of downside with little bounces. I'm patiently waiting for $149-150. I wouldn't be surprised to see a move down to the yellow trendline at $142.20 either, we'll track and see how SNOW is doing over the next few weeks.
SNOW - wait for long entry for the pullback upto 160 ish, I wouldn’t short it though. Long Entry - 160-163 Target #1 200 Target #2 250 Target #3 280
Options Puts Trade This is an options puts trade setup above $229.26 resistance. SNOW has already reached the first price target, I can see SNOW dropping down to around $152 - $153 over the next few weeks. SNOW Declines by 20%+ After Q4 Earnings Snowflake Inc. (NYSE:SNOW) concluded its fiscal year 2023 on a high note, surpassing earnings expectations with a...
Snowflake Inc. ( NYSE:SNOW ) finds itself at a crossroads as it navigates through a significant leadership transition and grapples with market volatility triggered by a weaker-than-expected sales outlook. The cloud software company's shares plunged 19% following the announcement of CEO Frank Slootman's retirement and the appointment of Sridhar Ramaswamy, former...
Snowflake Inc. ( NYSE:SNOW ), a leading cloud data analytics company, faced a significant setback as it forecasted first-quarter product revenue below Wall Street estimates. This unexpected announcement, coupled with the anticipation of reduced spending from customers amidst economic uncertainty, led to a sharp decline of over 24% in its share price during...
If you haven`t bought the dip on SNOW: Then analyzing the options chain and the chart patterns of SNOW Snowflake prior to the earnings report this week, I would consider purchasing the 230usd strike price Calls with an expiration date of 2024-5-17, for a premium of approximately $22.10. If these options prove to be profitable prior to the earnings release, I...
The SNOW share has experienced a surge over the past two weeks. In line with our primary scenario, the magenta-colored Target Zone (coordinates: $222.85 - $257.63) was reached. In this range, the wave of the same color (x) should now soon establish its high, whereupon a change of direction should take place. The Zone can be used accordingly to enter short...
NYSE:SNOW is looking to break through a major resistance price of $205 and start snowballing to the north of the charts. Targeting the $300 price which is the next major price level. Snowflake has demonstrated remarkable revenue growth since its IPO!! As businesses increasingly migrate to the cloud for data storage and analytics, Snowflake's innovative...
Fundamentals Really not here to admire the pristine fundamentals - the stock is severely overpriced with a price-to-sales over 20 However, having been at this for a while, for a 6-month horizon, the technicals, price and the momentum are the things to focus on Regardless, NYSE:SNOW is an outstanding company with a very bright future. However, its price...
Simple pattern requiring a little patience in order to have proper confirmation before entering. Would like to see a higher low/shoulder formed then a bullish candle pattern signaling potential upside.
Fundamentals Snowflake (SNOW) sells data analytics and management software that runs on cloud computing platforms. The company is evolving into a cloud data management platform. SNOW stock is up 4% in 2023 after pulling back from bigger gains. The Nasdaq composite has jumped 29% amid buzz over generative artificial intelligence. The company offers Snowflake...
Snowflake, a Nasdaq company, has earnings looming post-market, which has IV on weekly calls and puts juiced to 150%. Yet people are still gambooling on the next big instawin. The problem is you'll blow your account and won't need TradingView anymore and won't be able to have any fun in your community. Really, a far better proposition if you want 5 and 8:1 odds...
If you haven`t sold SNOW on this Head and Shoulders Bearish Chart pattern, on Disappointing Growth Forecast: or reentered here, ahead of earnings: Then analyzing the options chain and the chart patterns of SNOW Snowflake prior to the earnings report this week, I would consider purchasing the 145usd strike price Puts with an expiration date of 2023-8-25, for a...