Ran into Supply Zone, not fresh zone.
next Earning 5/25/2023
Short Sell 171
Stop 180
Target 125
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
SNOW is coming down, lets see if it will present a BUY OPPORTUNITY soon or will it just continue to go down and down.
In the next two weeks we shall know. This ticker is a request from Maddy50.
This information and publication are for EDUCATIONAL PURPOSE only and does NOT meant to be, and do NOT constitute financial, investment, trading, or other types of advice...
We can see that after the price consolidate 148-150 area, we could go to the next R= 158...
Waiting for confirmation:
Entrance: 148.46 or above
Target Profit: 158.15
StopLoss: 136.92
Price is testing the upper vortex of the triangle with lots of volume. Looks like wants to break out the one year consolidation. It may pullback a little bit but it may not.
It is essential to exercise patience and caution in your trading strategies. One such approach is to **allow the market price to come to you, instead of chasing after it impulsively.**
In the case of NYSE:SNOW ,
**puts below the 135 zone
and
calls above the 148 zone.**
However, it is imperative to exercise restraint and not rush into any day trades or swings...
I have been watching SNOW on hourly chart for a week.
This week it is just trading weekly S3 pivot (camarilla)
My rsi strategy triggered buy earlier and now it triggered add position
There is divergence in momentum ( bottom indicator on the chart) , price is coming down near S3 , but momentum indicator is going up
Momentum indicator also has squeeze feature(by...
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
- SNOW A is in a falling trend channel in the medium long term.
- SNOW has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- SNOW is testing resistance at 150 become support.
- This could give a negative reaction, but an upward breakthrough of 150 means a positive signal.
- The stock is overall assessed...
$SNOW#Snowflake looks good for bullish reversal play.
Target 1 - $151
Target 2 - $178
Target 3 - $215
Risk - fall to $117
——
Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.
Snowflake seems to be snowed under with work. The share has a great deal to do, but is currently delaying the anticipated ascent, gradually sagging towards the support at $110.27. There is a 33% chance that the course might drop below this mark, thus developing wave alt.2 in turquoise earlier already. However, we primarily expect it to climb above the resistance...
When it comes to tech stuff, I'm a contrarian and actually believe that Nasdaq is heading to 14,000+.However, as seen in my call below, I'm still expecting more of a bear trap than we've currently had.
Nasdaq NQ QQQ - Reality Will Be a Tough Pill for Permabears
I simply don't believe that, based on the price action of the markets over the last 6 and 8...
Yesterday, Snowflake, announced financial results for its fourth quarter and full year of fiscal 2023, ending January 31, 2023. Revenue for the quarter was $589.0 million, representing 53% year-over-year growth. Product revenue for the quarter was $555.3 million, representing 54% year-over-year growth. The remaining performance obligations were $3.7 billion,...
![SNOW: SNOW - Falling Trend Channel [MID TERM]](https://s3.tradingview.com/m/m2FwHVtn_mid.png "SNOW - Falling Trend Channel [MID TERM]")
