SNOW is a new IPO and thinly traded therefore highly volatile. The run up into earnings created a favorable price for a short setup. A put butterfly centered around 280, 15 wide may work out as a good earnings play.
NYSE:SNOW some nice upgrades today on this one and love how it held support at 291.02 area and that trend break will be looking to see if this is a start of continuation to the upside
Looks like a successful test of the pivot from above; no position though due to earnings tomorrow
NYSE:SNOW Re-uploading the original idea from Nov 24 (which was brutally deleted by the moderators LOL) 👇🏻 Original chart from Nov 24 Original idea was: May be an interesting stock to trade: Buy/Sell Zones Indicator shows that the price is in the green zone, indicating buyers interest. Targets for Long play may be previous highs up to 1 Fibonacci. The...
Good Evening, My plots encourage me to go long on SNOW till $344. The RSI points to oversold. Kindly share your analysis if holding SNOW. I wish you all good health and prosperity. Very Respectfully,
NYSE:SNOW Here we see a wedge pattern emerging in $SNOW with an upside move above 250 targeting the 275 area. Break below 228 could take it down towards 215 area.
With Earning in December, much of the movement/volatility to happen around then.
I'm looking for an opportunity to buy between 220-225
SNOW target $285 by the end of the month
I think SNOW could retrace Monday up to $272 (maybe 275) and should find support around $243. The next stop down looks like $216-220 if it doesn't.
Relatively quiet, consolidating price could make a strong break out of the range.
Snowflake is not a stock I would trade because I see it more of a long term investment. however, I just wanted to do a technical on the stock just for fun. its getting ready to break out of the ascending triangle. before market closed yesterday there was a decent amount of volume which raised the price from 245 to 251. lets see where it goes from here.