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
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
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.
-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.
SNOW is making an ascending wedge on declining volume into a huge wall that is the downtrend line, the 50 day moving average, and the 240-250 area that served as previous support. Given the market environment this looks to be a good risk reward for a short position.
Formed a bull pattern on daily chart now it broke. THis is courtesy of Ripsteer
Potential of Bulls and Bears in terms of fib in respect to overall fractal shapes and the cycles (TIMING). Fibs lines will act as magnet and market reversal trigger which are in quantum state.
below 236 228-231 possible intraday idea only valid if market red/negative 2morrow ; the other 4 ideas I posted were LONG bias, incase those don't come to fruition good short play below level #optionstrading #options #daytrading #tradeideas #stockmarket
above 239 (with test for support) 247-251 possible intraday idea only valid if market green/positive 2morrow #optionstrading #options #daytrading #tradeideas #stockmarket
The PEAD projected a Bullish outlook for $SNOW after a Negative over reaction following its earnings release placing the stock in drift C.
above 226 (entry), 231.5-236 possible (target range) 240 Key Level, if at any point over like the chance that we see 260+ quickly after it market needs to be green or pushing up else idea invalid #daytrading #optionstrading #tradeideas #options
As we see bullish momentum in stock recently it's heading toward the $260 price level. We might see a little pullback.
SNOW bounce to go long off the 2 day VWAP. Easy strategy to go long.
A follow up from 2 weeks ago... Coincidence? Not really... I would be looking for just a little more pullback and then what? Well if the markets were bottomed, which they are a long ways from.. I would say buy in the higher 150s to 160 range. Being the markets still have a very large fall coming, I see this more of a netflix. If you must buy though... for...
below 164 150-155 would be target (intraday) below 150 140 VERY possible... maybe an overnight or swing position if below 140 near close #daytrading #optionstrading #options
Snowflake, Inc. ( NYSE:SNOW ) Sector: Technology Services (Packaged Software) Market Capitalization: $55.263B Current Price: $180.42 Breakdown price: $185.00 Sell Zone (Top/Bottom Range): $231.00-$193.25 Price Target: $51.20-$48.80 (3rd) Estimated Duration to Target: 111-120d (3rd) Contract of Interest: $SNOW 6/17/22 180p Trade price as of publish date: $26.75/contract