$SNOW has been consolidating for way too long. It has now formed a double bottom on the hourly. Watch for a breakout of the falling wedge for upside. Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
NYSE:SNOW SNOWFLAKE #SNOW - The stock has retraced from market high and stabilising at current level - Fib extension level as possible TP - MACD approaching reversal - RSI low Buy @ USD 281.25 TP @ USD 313.63 SL @ 260.73
NYSE:SNOW keep close eye on SNOW, currently on the last wave of five, and 4 hr MACD already shows divergence, if Tech rebound, SNOW will form a pretty support for the days to come!
Snow poised for run up before earning next month. Major unconfirmed divergence spotted on daily. T1 likely before march 5
Many indicators showing us the move is almost done, if it doesn't break previous support at the low, the stock might have pump before lock-up ending.
White lines- channel Yellow line - Support Red line - Next support or target if yellow line folds Green lines are targets if breakout Keeps bumping its head on the channels (Needs Volume) for pattern to fulfill. My entry would be 280 with a 270 stop in place.
Nice bullish divergence on the 4 hr with a bounce at the respected pcz
Snow is range bound and moving very tightly between both bull and bear trend line. long term outlook is bearish post lock up expires in March but for next 30-40 trading sessions it can go up to 320 if it breaks the trend lines or tight triangle it has formed. Most likely it will dip and probably gap down to 230 or 240. My bet is short at 280 - stop loss 284 and...
Snow presenting an opportunity for trading soon.
SNOW is in falling Wedge.. Bullish
Snow on the daily is getting squeezed by a bullish pennant . MACD is looking ready to flip along with squeeze momentum finally finishing its sell off. With declining sell volume as well and SNOW consistently holding up its long term support line we could see SNOW gap up to its first price target of $330. Along with the trend analysis as seen we also have to take...
Watch SNOW for a potential breakout here. It had a big drop from the last H & S and is recovering nicely.
Asset and Time frame -SNOW,1D Entry Price -312.20 Exit(Stop Loss) -293.31 Exit(Take Profit) -424.19 Technical Analysis -4H Fibonacci made an ABCD pattern retracing from the -27.2 with an engulfing bullish candle, also price broke a descending channel with a big volume spike, and on the daily chart there is a 50MA that supports the price action, I think this is...
Elliott Wave analysis here indicates this will put in the third and most powerful impulsive wave soon with a first conservative target above. Count is invalidated below 279.10. Note that the projection here is the price level and the time this price is reached is not an exact part of the projection here.