As long as snow doesn't get above 367, this is a great spot to go short. Targets based on the bear range is around 290-297. Trade Idea SNOW 330P 12/31 Target: 325,307,297 SL: 367
The PEAD projected a Bearish outlook for $SNOW after a Positive over reaction following its earnings release placing the stock in drift B. If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
3 things I hate , Egg mcmuffin ,Turkey stuffin and a stock that's bluffin. Snowflake is up 40+$ this morning but can't break over this bear channel premarket. Could snowflake rally in the middle of a correction? any thing is possible but I doubt it Target is below 300 or channel support.. Stop loss 360
Price will most likely recover at the 100MA As it moved up at the 100MA previous, as shown in green Buy the dip scenario
The smaller cup has formed a handle that is well defined. I do not deem to place a handle on on the larger cup as earnings are very soon and it does not appear to be well formed at this point. If you see one, label it and go for it (o: I do not like to place a handle low and then watch price go past it. Earnings a bit too close for me right now )o: Price is...
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. Right now we have the cup and the handle is yet to be formed Conviction: break of current trend followed by a bearish engulfing weekly chart
Using Feb retracement, plotted the lines for SNOW. If the market supports, it can try low 401's post ER (within a week to 2 weeks time period).
market lettging us know short might be the direction to take, $SNOW has rnage
There is a Bearish wolfe wave setup on the Daily time frame in SNOW that provided entry opportunity on Friday Nov 19. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the red perforated line, as shown in the chart. The projected target is 300 and then 295. The price is expected to...
breaking out here! Looking to reach all time highs at $428 by end of year!
If snow can get through $350-360.00 Resistance it can run. Forming a nice base here on weekly
I'd expect to see a retracement on SNOW here at this level. Double top. 1.2 fib extension of previous wave. hitting trend line from previous. This is technical inspiration, always do your own due diligence, act on your own risk. Best of luck to all.
SNOW has been on a constant uptrend with average volume but momentum indicators are been moving in above average range. SNOW had a rejection at the 3.618 resistance. With the stock being overbought it looks to be due for a drop soon. SNOW will likely fall this week, sooner rather than later; SNOW could likely retest the top of the trend line early in the session....
Short entry for SNOW predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
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