$SNOW previous resistance becomes your new support
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.
NYSE:SNOW Ascending Triangle Slow Turtle Buy Uptrend FiFT +ve Bull Recharge MCDX Banker Spike up Banker 87% Atom buy
SNOW has been in this range for a while and the triangle is getting tigher. With Earnings coming up, that may be the catalyst to bring this over the edge.
It has similar pattern to PTON, Might not take this trade but something to keep on the watch.
SNOW 4H I After June, we see another SNOW ascending triangle leading into earnings in September. Watching a bounce near $260 or a break above $276. CRWD 1D I CRWD was rejected right on our trend line last week near $270, watching for a bounce near $240-$245. CRWD is due to report earnings on 09/01. NIO 1D I NIO possible cup and handle pattern. Watching for a...
I measured SNOW's monthly activity seems like there's a buy and sell pattern that is very obvious. The yellow lines indicate the trading days (weeks) of the month.
SNOW has been wandering around a closed daily mouth since early March. Weekly is right on the balance line. Down fractal of 231.52 is both the last fractal in the daily and weekly chart. If triggered, it would be valid both in the daily and weekly, with some energy for a run. The trade will only be entered if the price goes below 231.52. If it does, we join the...
Watch SNOW, I have an alert set this week for 275 calls if it breaks out of resistance, it can test 290-300 next.
Sign of Strength in the chart: 1. Climatic volume 2. Reversal with Sign of Strength 3. NS signal in weekly chart Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Upside wick is actually better than it looks when lower tf is consulted . Also you will see that low volume test from first idea ended up being higher volume by close and as a result inders moved price dwon in a falling volume selling rally . Now we have the opposite to upside . Good signs so far . Entry 251.84, Stop 242.65