Classic bullish divergence on the daily. This is probably kind of late to publish the idea. The perfect entry was around 230. However, it still has run to go. I bought a few shares, and already sold half of the position to book profits and will let this run. This is a technical, but also a fundamental play, and I love to hold stocks like this on my long term portfolio.
snow weekly resistance levels on daily chart mid march 21
Asset and Time frame -SNOW,4H Entry Price -294.98 Exit(Stop Loss) -287.67 Exit(Take Profit) -317.05 Technical Analysis -Price broke a confirmed LTF trend line with an engulfing bullish candle, and above the 4H MA, Price jumped because of the new 100 MA on the daily chart and reacted strongly,price also reacted to the 0.618 Fibonacci level. I entered the trade...
Since the stock was listed on NYSE, it has rallied to a high @ 429, and now the stock price is near its all-time-low. If there is a break below this low with rejection (on high volume), that could be the reversal indication. This is a stock to be on your watchlist!!! N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Charting for a friend. Will try to work with what I have, but with what I have here, there's really not enough data or price confirmation to pinpoint any other than that we are in a price discovery territory. As such, Wave B might not even have ended its run and may dip even lower. An assumption that Wave B has completed is generous indeed, and in such...
Will test 228 in the AM. If it breaks over a 30m candle I am out but I think this has potential for tomorrow.
$SNOW has been beaten down to IPO price during this rotation out of tech due to rising interest rates. Lockup Expired on 3/5/2021, which added to sell pressure. It's currently sitting at bottom of channel and major support. With any NASDAQ strength and renewed confidence in growth names, we can see this bounce BIGLY.
Snowflake Inc. provides cloud-based data platform in the United States and internationally. Snow is holding up well this morning compared to it's high multiple buddies and is trading in a area of value . Decided to trade take a swing position . Good luck .
Do your own research. I see NYSE:SNOW a massive head and shoulders pattern, with the neckline broken. Measured move is around $130.
First, I truly hate this company, so there i have bias in this for sure! My 'day job' as CTO of a (non-competitive) data technology company, and SNOW offers a lot of hype and a pretty wrapper around things that already exist. Or rather, it's old crap with a new skin. I find their product useless and uninspiring. Now on to the TA: www.tradingview.com...
We found 2 Head & Shoulder Formation. You can find them on Chart: one with WHITE LABELS and one with RED LABELS. The Technical Analysis suggests us 2 TARGETS: 1️⃣ TARGET @ 180 $ 2️⃣ TARGET @ 110 $ ENJOY YOUR TRADE 💪🏻
i can't get a count out of this one, but from a psychological perspective: everyone is expecting snow to dump it for the next lock up got a feeling it's going to squeeze. buy on a retest of this trend line
Snow is hitting support, I can see an uptrend in the future. However if it breaks lower then look to purchase shorts.
It is PRIMED for a ride up, IT is where i want it to be, it is in my (POI) zone, looking to open up a position but only thing thats holding me down is this RED market, once it turns green its going to fly. These red days are blessings in disguise. gives you and oppourtunity to get into a good stock for a very lucrative prices. Open small and stack if it goes...