SNOW stock is about to enter a consolidation state !
This chart shows the weekly candle chart of the euro against the US dollar over the past year. The graph overlays the recent bottom-up golden section. As shown in the figure, the euro against the US dollar hit its lowest point last month, just below the 2.382 level of the gold split, while its recent peak...
this overprice pltr wannabe should takea seat. lots of upside on this one if that turns out to have been accumulation targeting the previous highs isnt out of the question
(Un-)fortunately, we won’t rehash the story of Scarlett and Rhett, which took director Victor Fleming nearly 4 hours to recount. We will rather talk about Snowflake, which currently seems to be struggling though a snowstorm, fighting on toward the resistance at $203.62. We expect the share to gust above this mark to expand wave x in magenta before a counter...
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...
When 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...
Yesterday, 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,...
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...
If you haven`t sold the Head and Shoulders bearish chart pattern:
or played the reversal last time:
Now looking at the SNOW Snowflake options chain ahead of earnings , i would buy the $150 strike price Calls with
2022-12-16 expiration date for about
$10.30 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least...
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 /...
There 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...
When this company IPO'd it was the big stock of the year. Alas, there has to be more to a company than a cute name.
SNOW had its earnings report late in the season and it gapped up on the news. The gap jumped over resistance, so it is not likely to fill easily. Resistance becomes support for this type of gap. This can suggest that SNOW may be a company beyond...
Snowflake
Short Term - We look to Sell at 193.62 (stop at 220.84)
This stock surged after earnings report on premarket. We are trading at overbought extremes. A lower correction is expected. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward.
Our profit targets will be 132.14 and 120.00...
If you haven`t shorted SNOW when i wrote this article:
Then Looking at the SNOW Snowflake options chain, i would buy the $185 strike price Calls with
2022-11-18 expiration date for about
$9.10 premium.
Looking forward to read your opinion about it.
A short-term buy opportunity from Snowflake. The company lost more than 62% from its peak in November 2021 and is now trading around the $154 price level. The fundamentals for Snowflake are not good and a new test of the $110 support level may be expected in a long run. In the short term, the price may continue its uptrend to the 0.236 fibo or around the $180...
Buy volume spotted at all time high on 26th May. Price range act as a support and we could see the next low was unable to close below the high volume day price range. High probability of a trend reversal with price supported above 50ema.
