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....
SNOWFLAKES has exhibited a series of notable breakouts, enhancing its bullish prospects:
Symmetrical Triangle: The stock has experienced an upward breakout from a symmetrical triangle pattern, followed by a retest of the breakout level before continuing its ascent.
Weekly Resistance: Additionally, SNOWFLAKES has surpassed a significant weekly resistance level,...
Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NYSE:SNOW ...
I believe this code is at a point of potential volatility.
If price can hold above $218.76 ... Bullish potential may be unlocked.
My key upside targets include:
- $250.35 (Conservative)
- $291.72 (Medium)
- $330.43...
Company Info:
Snowflake is a cloud data warehouse that can store and analyze all your data records in one place. It can automatically scale up/down its compute resources to load, integrate, and analyze data.
As a result, you can run virtually any number of workloads across many users at the same time without worrying about resource contention. Workloads can...
SNOW looking like it wants to break resistance that's been holding since August 2022. It's been making higher lows since then, and a perfect bounce off the 50 EMA has this set up nicely to fly through $200. Target is the volume area at $234.
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...
