$SNOW - Looks goodNYSE:SNOW Snowflake is back above the trendline and trading around the Point of Control resistance area.
Oscillators are showing bullish divergence.
See Mar 27 post for price targets.
Key stats
About Snowflake Inc.
Sector
Industry
CEO
Sridhar Ramaswamy
Website
Headquarters
Bozeman
Founded
2012
ISIN
BRS2NWBDR008
FIGI
BBG00ZVXJ0Z6
Snowflake, Inc. provides cloud data warehousing software. This includes the Data Cloud, an ecosystem where Snowflake customers, partners, data providers, and data consumers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways. Its platform supports a range of use cases, including data warehousing, data lakes, data engineering, data science, data application development, and data sharing. The cloud-native architecture consists of three independently scalable layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured and semi-structured data to create a unified data record. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases without latency. The cloud services layer optimizes each use case's performance requirements with no administration. Snowflake was founded by Marcin Zukowski, Thierry Cruanes and Benoit Dageville on July 23, 2012 and is headquartered in Bozeman, MT.
Results due 22 May 2024Snowflake reported its maiden results back in December 2020
Revenue $159.62M reported earnings $ -0.28M.
Revenue has grown exponentially since though earnings have been negative to date.
Results are due 22nd May 2024, estimated revenue $786.8M, estimated maiden positive earnings $0.174M.
Stock pric
Snow long positionHi traders,
The price has been in the range since July 2022.
The support has held strong but the resistance at 190 $ has proven to be a key level as well.
We expect the price to retest the support again which could be the entry for the long position. After that l think SNOW will move up again and
BUY BUY BUY SNOWIt's a BUY BUY BUY for SNOW. BUY now or wait for a pull back on the daily to BUY, but either way, SNOW is a GREAT BUY.
This is a 1 to 3 year play, going back up to the 405.00 price level and beyond.
SNOW - Another nailed entry explained. On our way to a 48 R:R TPYes, 48 R:R sounds crazy. How about a 54 R:R? even crazier.
Watch this video to understand how this is super possible over and over again in the markets.
Happy Trading :)
- TraderDaddyOG
Make It Rain When The Temperatures LowAs 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 a
SNOW - Major long opportunity! Look for this to enterThis is super interesting and we could be near a great level to get in for a longer term hold.
Many confluences on this one so keep this one on the list!
Happy Trading :)
Snow updateSnow looks like it's found a short term bottom, i'd be long shares here with a stop at 151.50. Below that i could see $140 in play. To the upside we could see $190. I don't believe this will be a quick rally and likely it will choppy, so i would avoid short term options.
Snowflake Buy RangeIf this lower trendline can hold, this is a great buy opportunity for SNOW. My fortune 500 employer has adopted snowflake and I've read their licensing agreements are more profitable and sustainable than competitors. I have opened a position at these levels.
Fundamentals have also been trending p
Snowflake Unveils Data Clean Rooms: A Secure Cross- CloudData 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
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