Bounce back to supply Zone, Zone Confirmation Trendline break Earning: 8/24/2022 Est. -0.01 Short 139 Stop 157 Target 100, 80 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
In this update we review the recent price action in Snowflake and identify the next high probability trading opportunity and price objectives to target
Insane value at these levels... R+R is definitely worth it...
www.tradingview.com Another trade recommended by Gareth Soloway.
I am in SNOW. I love the company and the stock. I entered higher than 151.80 but will add if it back tests that hourly level. I like to make 10% on a swing. Stop set at 142.01 This stock is volatile.
bullish falling wedge on the daily spinning tops at the bottom could be the reversal. the stock is volatile, i need some confirmation
Strong earnings and a divergence in MACD histogram to the price (blue arrows) could lead to a trend change... at least there is room to the downtrend line and right now we're at EMA 20. Gives some room for profits :)
#SuakuFlowsWatchlist $SNOW P < 123.31 Only looking to play the downside on $SNOW tonight. Reminder that this doesn't mean it can't go up. I have more confidence in playing the downside. Also reviewed $BABA, $MRK, $AGNC and $GME. Scale out when comfortable.
Low today was 112.10 and buyers came in and pushed price up so far today. Price is well off the low today. SNOW is below the IPO price, well below it so new support will have to be formed. Right now there is no evidence of a strong support level underneath price. SNOW's financial metrics are very poor due to a high price to sales ratio and relatively low cash...
Fundamentally - nice growth dynamics. No debt. Increasing revenue and EPS. Overall bearish trend gives nice entry point.
Let it snow, Let it snow, Let it snow! Is this just a wild guess, or is this a wildly overpriced hype company that's about to go down with the market?
snow saw another rejection from trend resistance I mentioned in my previous analysis, congrats to shorts! now at strong support, a bounce here can send us 200-240 area, and a break below can send us to 132-94 area
Found a potential BAT for all my stock investors out there. It's worth taking a look at
Desicion to Short. Entry Price = $190.50. Target Price=$181.50. Stop Price=$199.50.
in this bearish downtrend, if it can break above trend resistance a rally to 290-300 is possible. if it cant then targets are 170.54-132.55-94.56
-Ready to play this both ways For a swing since this is on the daily -will not enter unless we get a valid set up -1-2 Daily candle confirmations
Channel up play with tight stop loss if near bottom channel trend line. $229.30 is the level to watch for puts. Expecting $15-$20 move for day trades.