Sold off a bit after earnings, looking for a breakout from the end of this triangle.
- Bounced off its 200day EMA a few times now, MAs are also curling (not pictured)
- Bollinger Bands are Sqeezing
- Volume picking up and MACD appears to be about to cross
Bullish
SNOW - At 100 MA & holding at daily DZ, need to break trend line , target 273 upside at daily supply zone, stop loss if dropped below the current daily demand zone
Try 6/18 - 270c - 1.3
Hi traders, this is my personal trading idea only. My trading strategy is Price Auction - Chart only, I don't use indicators, MA, signals and trend line etc. Your comments are highly welcome. We need a relax and happy trading with happy ending on each trade. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how...
$SNOW I've opened a position in SNOW as it consolidates here. I have made notations on the chart for the reasons I'm in. I am in this one early for 2 reasons; 1. Many of the break-outs lately have failed so I want to be early and if a break-out fails I should be able to get out with a small profit. 2. It is very easy to define my downside risk here, which is...
SNOW just reported earnings and has had a brief sell off. I have been watching this name after the break of the downward trend line, but wanted to wait for earnings before entry. If price can hold above the green box I like it long. So far price has flushed below the green box and recovered. I will wait for follow through recovery tomorrow. Plenty of room to run...
Using the strat indicators, there is continuation from daily, weekly to monthly
Using volume shelfs, we are in a good spot
Going long. Target is $270/share
Yesterday was an interesting session for Snowflake, which reported decent quarterly results on Wednesday night. The data-mining disruptor initially fell on the news as analysts fretted over its high valuations. But then buyers came out of the woodwork and plowed prices to their highest close in almost three months. The result was a large bullish outside candle and...
