Hi Traders, CHart says it all, Falling wedge pattern was followed by growth. RSI konvergence was very Reliable indicator. Now it shows we are near potential top or local top. Enjoy the ride both ways. Always use stop-loss.
I have to saw $SNOW putting in an inside tight day right there at that level is extremely constructive. Look at Friday's volume -75% from its 50 day MA. That's extreme volume dry up
SNOW - Broke out the CUP with Handle pattern. -- RH&S -- MACD - Bullish
If the market doesn't go down the toilet from here, $SNOW is acting like a future leader in the next leg up. Best case scenario it puts in the right shoulder of a small head and shoulders continuation base. Keeping a close eye on it.
Big Inverse H&S, above $329 looks good to go. Fibs say $400+
Snow is making a cup and handle pattern, with the handle a nice strong bounce off of the 50 day moving average and completing a 3 white soldiers pattern to boot. It is starting to outperform the growth ETF that it is a part of and a break above 320-330 could signal a big breakout.
I continue to love this stock. It is really digesting this level. Anything under $309, I will add. Today looks like I will have the opportunity to add.
$SNOW - consolidating and for lotto friday can try 330 calls > 325 | 320puts < 322 , also rememder today quad witching
Snowflake is a cloud computing-based data warehousing company based in Montana, named after the founders' love for winter sports. I like winter sports, and the ticker SNOW is aesthetically appealing in my portfolio. The trade setup was straightforward. The company IPO'd in 2020 at $220, and after one quarter that saw investors take price up above $400 per share,...
Imo this is still an (ABC) wave structure just has a minor correction instead of a deeper retrace for live earnings conference and we ended probability for an impulsive 5 wave structure by a minor wave structure interesecting 4th wave correction with wave 1 impulsive in the the probability of a 5th wave , this is my probability of how things will play out further...
Snow has taken a fall from a ending diagonal pattern and has fallen off into a Double three as you can see I have put the retracements and extension zones and included with arrows where I think it will be further into time I hope this helps with my analysis : ) As always happy trading : )
Been collecting this since I saw the green 3 strat candle on the monthly chart. Adding on a test of $286.15 Ride to $330 and beyond. I am in commons.
Looking for snow to break trendline to either the upside or downside.
$SNOW - W pattern hourly, looking good for gap fill & break above 288 target 290 & 300
$SNOW if it gaps up strong candidate for continuation on Monday
If snow can stay above and hold 275 - it can test 290, 300 next. My first target is 290, if SNOW closes strong today and holds above at least 275-278.