Snowflake Short Term - We look to Sell at 193.62 (stop at 220.84) This stock surged after earnings report on premarket. We are trading at overbought extremes. A lower correction is expected. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Our profit targets will be 132.14 and 120.00...
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...
Buy volume spotted at all time high on 26th May. Price range act as a support and we could see the next low was unable to close below the high volume day price range. High probability of a trend reversal with price supported above 50ema.
In this update we review the recent price action in Snowflake and identify the next high probability trading opportunity and price objectives to target
Snowflake, Inc. ( NYSE:SNOW ) Sector: Technology Services (Packaged Software) Market Capitalization: $55.263B Current Price: $180.42 Breakdown price: $185.00 Sell Zone (Top/Bottom Range): $231.00-$193.25 Price Target: $51.20-$48.80 (3rd) Estimated Duration to Target: 111-120d (3rd) Contract of Interest: $SNOW 6/17/22 180p Trade price as of publish date: $26.75/contract
Snowflake is facing strong competition from Microsoft's Azure and Amazon's Web Services. Snowflake expects product revenue for fiscal 2023 to grow between 65% and 67%, lower than 2022's 106%. In Q4 SNOW posted total revenue of $383.8 million, beating analysts' average estimate of $372.6 million. In 2021 they had 592Mil in revenue and negative earnings of...
Another money losing covid era IPO with failed double top. This company reports "earnings" on March 2. The last 3 annual reports have posted larger losses than the prior year. The era of fed induced stimulus and QE with bubblelicios low interest rates is over. This stock looks to be printing a death cross in the coming days same as NOW and CRM. Look out below!!
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
A wonderful break of the support that held the bullish trend. since May . Right now. there is a big probability that the market goes towards the level of 275 again. which will be a support. and if ever he break it down there is a probability that we will see it towards the level of 210
Monstrous option flow came into the march calls above the ask, technical setup is fantastic
Note: - NYSE:SNOW - High Tight Flag - Hot sector - Chart setting up nicely - EMAs coming together - Fundamentals are great Disclaimer and Info: - No guarantee for the correctness of information or calculations - No advice or investment advice - Fiscal Year ends January 31. - All numbers in '000 US dollars (1.234 = 1.23 million USD) Company profile from...
$SNOW's reversal to downside is concerning, suggesting upcoming major downtrend! Unless countered and held above 370!
SNOW looks ready for a move. Daily close over 377.87 can send this to $392 and possible $405 with some volume. Don't think the great R:R is until a confirmation over 377.87. $375.29 you can use, but odds of it failing at 377.87 are high. If it gaps over, you could buy the gap fill in morning or buy gap support for a possible big move.
Snowflake, Inc. ( NYSE:SNOW ) Sector: Technology Services (Packaged Software) Current Price: $371.24 Breakout price: $377.00 Buy Zone (Top/Bottom Range): $371.00-$358.50 Price Target: $400.00-404.00 (1st), $429.00-$433.00 (2nd) Estimated Duration to Target: 49-53d (1st), 84-90d (2nd) Contract of Interest: $SNOW 2/18/22 375c, SNOW 3/18/22 400c Trade price as of...
SNOW cup has been solidly forming after completion of the cup at 420, look for a "handle" dip to the 320-350 area. Then possible move up to the 5-600s not financial advice
There is a Bearish wolfe wave setup on the Daily time frame in SNOW that provided entry opportunity on Friday Nov 19. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the red perforated line, as shown in the chart. The projected target is 300 and then 295. The price is expected to...