Now that the trading week is over, we can take a closer look at how the broader markets have performed. For the most part of the week, the markets appeared to be quite choppy but now looking like we can potentially start moving higher. If that is the case, then I think there is a potential here to bottom pick a high flying enterprise software company called...
Classic bullish divergence on the daily. This is probably kind of late to publish the idea. The perfect entry was around 230. However, it still has run to go. I bought a few shares, and already sold half of the position to book profits and will let this run. This is a technical, but also a fundamental play, and I love to hold stocks like this on my long term portfolio.
Since the stock was listed on NYSE, it has rallied to a high @ 429, and now the stock price is near its all-time-low. If there is a break below this low with rejection (on high volume), that could be the reversal indication. This is a stock to be on your watchlist!!! N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Charting for a friend. Will try to work with what I have, but with what I have here, there's really not enough data or price confirmation to pinpoint any other than that we are in a price discovery territory. As such, Wave B might not even have ended its run and may dip even lower. An assumption that Wave B has completed is generous indeed, and in such...
We found 2 Head & Shoulder Formation. You can find them on Chart: one with WHITE LABELS and one with RED LABELS. The Technical Analysis suggests us 2 TARGETS: 1️⃣ TARGET @ 180 $ 2️⃣ TARGET @ 110 $ ENJOY YOUR TRADE 💪🏻
Of all the trades I've ever taken, this is the one I am most looking forward to. I'm giving Snowflake a modest upside target of $1100 quite possibly even by the end of this year. I'll update my wave analysis on how we get to that target as we begin to move along. Here's the thing though: I refuse to buy it unless it gets down into my golden zone of 287. If it...
There is both double bottom and bull flag formation on this chart. If it pass 330 level then it is aim is to reach 383 immediately... (Probably it will hit 400 ) I am taking it at this level. Good luck.
In US stock market, SNOW have some reversal pattern. - Stand above 21EMA now - 2 Pull back (around 19% - 30%) and strong support level around 264.5 - Volume is increasing when the price going up on yesterday - Lowest ATR since Nov - We can see there may have a reversal and go back to a higher price My buy point: 298.8 This is not financial advice. Just my point of view.
NYSE:SNOW Double Bottom Fast Turtle Buy FiFT +ve BOD Star Atom Buy
Nice bullish divergence on the 4 hr with a bounce at the respected pcz
SNOW started a reversal after hitting a fib retracement level mid last week, where I called the bottom (see linked chart) and bought some shares. Here is a summary of the current chart and my trading strategy: BUY SIGNALS 1. +DI crossed above -DI (green line above red line) and ADX line (white) is flat but starting to curl up after the drop (signals a trend may...
Snowflake has been a widely discussed stock over the past couple of months due to its huge move right before and after coming public. The stock has given up a lot since the highs of November and has entered into the larger range from the highs and lows of September. I am going to take a shot a buy here/ within the green rectangle with a stop below $266. I am...
SNOW fell about 37% from ATH, a move that was catalyzed by the H&S break out. It is currently finding support for the 3rd consecutive day on the .786 fib retracement level. I added a few more shares to my position here with a very tight stop loss in case it continues to move down. Stochastic is curling up, which signals a potential change in the trend. Seems to...
NYSE:SNOW is one of the most overpriced companies you can find right now. After post IPo rally, stock is struggling lately with poor relative strengh to Nasdaq. Potential breakdown of Head&Shoulders gives potential for new lows at $200 right now. However, its not low risk entry idea, so prepare for some volatility.