Going for the gap fill just looking for confirmation of a close into the gap
LOOKING AT 170 Puts
- We need to close below that blue support line
- Better confirmation on bigger time frames
- looking for a pullback if not then a straight rip to the downside
It's called gravestone doji.
The Gravestone Doji is a candlestick pattern that shows the opening and closing of the candle at the low of the day and is quite bearish.
It is typically seen at the end of an advance where the upper shadow represents new high ground for the move.
The fact that prices end the day at the opening (after all the work at higher levels)...
Earnings watch 3/2 post-market:
SNOW
CHPT
AI
CPNG
OKTA
SGFY
AEO
VEEV
VSCO
SPLK
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of...
When this company IPO'd it was the big stock of the year. Alas, there has to be more to a company than a cute name.
SNOW had its earnings report late in the season and it gapped up on the news. The gap jumped over resistance, so it is not likely to fill easily. Resistance becomes support for this type of gap. This can suggest that SNOW may be a company beyond...
As you notice, we are in an uptrend and we will not go against this trend, but we will keep an eye out. The market may continue to rise if however we break the resistance line with strength. On the other hand, we could have a heavy drop if and only if the vwap indicator as well as the support line are broken with force. Thank you for your attention.
Earnings well received even though it was not a total beat.
Breaking through the channel up would be a bullish achievement.
The market is known to be irrational.
No recommendation.
Events can make you scratch your head and think WOW sometimes.
I was driving on a very dark, 2 lane country highway with no street lights last night with perhaps a 3 feet shoulder...
Snowflake
Short Term - We look to Sell at 193.62 (stop at 220.84)
This stock surged after earnings report on premarket. We are trading at overbought extremes. A lower correction is expected. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward.
Our profit targets will be 132.14 and 120.00...
Earnings 8-24.
SNOW is in a channel up right now and ES (Entry short) would be a break of that bottom trendline. This channel up, which may be a bit heavy one for a bear flag, formed after a significant move to the downside. Go with your gut.
Trendlines narrowed and formed a Falling Wedge which is bullish if price breaks over the top trendline.
The larger...
If you haven`t shorted SNOW when i wrote this article:
Then Looking at the SNOW Snowflake options chain, i would buy the $185 strike price Calls with
2022-11-18 expiration date for about
$9.10 premium.
Looking forward to read your opinion about it.
A short-term buy opportunity from Snowflake. The company lost more than 62% from its peak in November 2021 and is now trading around the $154 price level. The fundamentals for Snowflake are not good and a new test of the $110 support level may be expected in a long run. In the short term, the price may continue its uptrend to the 0.236 fibo or around the $180...
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 :)
