Technical trend showing that SNOW already at demand area.
Would be great potential to push the price upward for short term area (203-206).
Demand zone now indicates many buyer willing to pay at current price area.
SNOW beat the earnings estimates by 150% and slightly exceeded revenue estimates. Price
dropped in printing a bear flag in a 22% move yesterday at the close. Buying from the bottom
has begun and I have the idea that I should join. My pre-earnings play was closed going into the
earnings in the high liquidity that proceeds it. I got my ask price on that...
SNOW has been running since about the 1st of February. It beat earnings in November by 50%.
Right now it is situated at the mean-anchored VWAP where institutions pick up and drop off
shares the most. Price is at the lower boundary of an ascending parallel channel and is now
about 8% less than the double top of last week at the top of the channel. Price at the...
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...
Snow is resting against big resistance on weekly and monthly time frames going into earnings. I see it as a riskier bet to the long side here. Support is around the $200 level. Good Luck!
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...
NYSE:SNOW is completing a long-term bottom formation that is only visible on a weekly chart. The company was highly touted at IPO but has struggled since then.
Candlestick patterns indicate pro traders in the mix right now. The stock reports earnings Feb 28th, next week. Candlestick patterns and Pro trader influence imply a possible good report this time around.
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
Looks very bullish, the targets might hit in next few months.
Get ready for all the small tech stocks to bubble up again.
Cheers,
Happy investing
NYSE:SNOW Snowflake broke out from the stage 1 and is currently entered stage 2 - the uptrend.
The measured move for the base break out is $273 with $251 being a critical resistance.
It is hard to justify chasing this stock at current level.
An ideal entry would be around $194.
Would you chase?
Upside targets:
$240
$251
$273
Downside risk:
$194
I bought some stocks and options
Here are some reasons:
1. SNOW tried to break 200-210 last 2 years and now is the second time we broke and hold
2. Major last level was 211.50 and we need to hold and close above
3. Next level and target - 250$, I ll close my options after 50% and 100%
4. We are above 200 emas
5. We crossed 8/34 emas at 197$
6. Earnings 02/28
7....
