On SNOW as you see on the chart we will have a big probability to have an uptrend after the breakout with force the resistance line by a big green candle with a large green volume.
SNOW here consolidating in a pennant for over a year Breakout trigger is over 194. Set alert for 194, if we get a couple of closes above that there is a breakout here to 205 then 240. This works both ways, as technically the trend going into the pennant was a downtrend, so by definition it is technically a bear pennant. However the breakout or breakdown depends...
Snowflake Inc. (SNOW) having come off significant channel support, is now approaching meaningful resistance, able to absorb weekly selling pressures. From here (SNOW) can fall back to channel support, eliciting losses of 20% over the following 1 - 2 months. A weekly settlement above resistance would lead to a buy signal in (SNOW) where gains of 20% would be...
Assuming that earnings report is better than expected I reckon the price could retest the highs on $180 which is where there is alot of resistance at the moment. NYSE:SNOW seems to be working along that Daily trend line, bouncing every time it's hit. Stop loss just below the Trend line, gives us enough room for a potential wick down. Trade: Long Entry -...
Snowflake, a Nasdaq company, has earnings looming post-market, which has IV on weekly calls and puts juiced to 150%. Yet people are still gambooling on the next big instawin. The problem is you'll blow your account and won't need TradingView anymore and won't be able to have any fun in your community. Really, a far better proposition if you want 5 and 8:1 odds...
If you haven`t sold SNOW on this Head and Shoulders Bearish Chart pattern, on Disappointing Growth Forecast: or reentered here, ahead of earnings: Then analyzing the options chain and the chart patterns of SNOW Snowflake prior to the earnings report this week, I would consider purchasing the 145usd strike price Puts with an expiration date of 2023-8-25, for a...
Looking at SNOW (Snowflake Inc.) chart, that rising blue line suggests it’s on the upswing. If prices dip, I’m eyeing 151.50 as a likely support, where this line meets. On a bounce, first stop for potential gains could be 163.62 where the 1st gap above fills. After that, watch out for 175. There’s another gap before hitting new highs for the year at 185.12 which...
SNOW on the 4H is seen trending from from earnings in May with the great top line and okay bottom line with a big uptrend into a sideways wide range channel. It is now low in the channel but still above the long term anchored mean VWAP which is the logical stop loss for any long trade setup. Confluent support is the POC line of the visible volume profile with...
Double Top with Divergence on Daily Let us see where it will go
This past year, I shared many bottoms on names on my weekly WLs based on bottoming consolidation structures, mentioning a specific strategy as a reasoning for the trades. Aside from understanding price action, I used a simple method: Monthly inside candles/bars. ---------------------------------------------- What is an inside candle/bar? Inside...
🔹180 supported indicates a potentially POSITIVE reaction; a downward breach indicates a NEGATIVE. 🔹Technically positive for the medium long term. Chart Pattern: 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe...
NYSE:SNOW This chart pattern of a 4hr H&S is quite prominent. So far so good if you're a bull you want to see this neckline hold. As the saying goes nothing is more bullish than a failed bearish move. If the neckline breaks it's trading back down to the 150s IMO. If it can hold I expect 190s to print. Based on the Modified Pitchfork I have if we chop around the...
SNOW stock is about to enter a consolidation state ! This chart shows the weekly candle chart of the euro against the US dollar over the past year. The graph overlays the recent bottom-up golden section. As shown in the figure, the euro against the US dollar hit its lowest point last month, just below the 2.382 level of the gold split, while its recent peak...
this overprice pltr wannabe should takea seat. lots of upside on this one if that turns out to have been accumulation targeting the previous highs isnt out of the question
-We are in a demand zone -Price has just stopped at the POC for our previous run-up -extremely high volume on a red candle with low/normal spread and bottom wick -next shelf of selling volume is in the $175 range. - We have formed a rather large double bottom on the (30min ) time frame. -Price is in an extremely high volume shelf that begun this previous...
- lets it Snow in April, or May( May be ) - its broken Resistance ( you can't hold me back baby ! ) - i will rise beyond 163 & above. you cant stop me. Happy Trading.. NYSE:SNOW - Trade within your Limits - Have your stop losses in place Happy Trading..