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
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...
- 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...
It might be gearing up to hit 230 in 3 months. It must stay above 125 on a weekly basis.
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,...
The short term bullish wave of SNOW has completed 4th wave retracement. Price an entry below market close yesterday. Due short term bullish, i would take conservative TP below the pprevious swing high. May the wave be with you !
If you haven`t sold the Head and Shoulders bearish chart pattern: or played the reversal last time: Now looking at the SNOW Snowflake options chain ahead of earnings , i would buy the $150 strike price Calls with 2022-12-16 expiration date for about $10.30 premium. If the options turn out to be profitable Before the earnings release, i would sell at least...
Snowflake - 30d - We look to Sell at 179.69 (stop at 191.11) Daily signals are bearish. The primary trend remains bearish. The trend of lower highs is located at 180. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 151.11 and 141.11 Resistance: 165.00 / 170.00 / 180.00 Support: 155.00 / 145.50 /...
There is a daily wolfe wave setup that triggered on November 11 on the day of CPI. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical...
Daily RSI broke down and closed underneath RSI trendline for the second time. Weekly close back under the 50 on RSI and a break of RSI trendline.
Going for the gap fill just looking for confirmation of a close into the gap LOOKING AT 170 Puts - We need to close below that blue support line - Better confirmation on bigger time frames - looking for a pullback if not then a straight rip to the downside
with SNOW holding / breaking above 193 im targeting next fib lvl: 215
If you haven`t shorted SNOW when i wrote this article: Then Looking at the SNOW Snowflake options chain, i would buy the $185 strike price Calls with 2022-11-18 expiration date for about $9.10 premium. Looking forward to read your opinion about it.
A short-term buy opportunity from Snowflake. The company lost more than 62% from its peak in November 2021 and is now trading around the $154 price level. The fundamentals for Snowflake are not good and a new test of the $110 support level may be expected in a long run. In the short term, the price may continue its uptrend to the 0.236 fibo or around the $180...