Extremely simple trade. SNOW is experiencing some price adjustment after experiencing a great rally for a few weeks. A classic "buy the dip" opportunity!
I plan on doing two things once the SMI shows a bullish crossing:
Purchase shares for my long-term investment portfolio
Far OTM bullish put spreads w/ 2 month or greater expiration (depends on...
BUY THE DIP! Good morning traders, as we look at SNOW on larger timeframes we see a well-needed correction after this IPO made a push toward even more all-time highs. This week could be the last of being able to grab it around this price.
Looking at price action, there are a few things to consider starting with the retest of $301. $301 shows as a strong level...
NYSE:SNOW
Re-uploading the original idea from Nov 24 (which was brutally deleted by the moderators LOL) 👇🏻
Original chart from Nov 24
Original idea was: May be an interesting stock to trade: Buy/Sell Zones Indicator shows that the price is in the green zone, indicating buyers interest. Targets for Long play may be previous highs up to 1 Fibonacci. The...
Take alook as I am new to this :)
It's a young stock so I tried to map out the past using the 1Hr timeframe.
It seems like we are approaching a breakout and I've setup the closest resistance and support lines.
Because lack of data, Im not sure if the triangle is going to be bullish or bearish. but whenever the triangle chart pattern breaks we will witness a big move on the chart.
As u can see on the day chart this flush can continue down to 9900 and than retrace back in to the bullish mode, it could also retrace from now hitten support and that mean, now is the best time to buy some stocks. Be carefull and watch the support if a are trading with leverage but when u investing its safer.
Hope this perespective will help you with trading...
Yesterday, Snowflake (SNOW) , one of the most anticipated IPOs in recent history, hit markets. With names like Berkshire Hathaway and Salesforce getting in on the IPO, should you be looking at SNOW as your next big investment?
Snowflake Inc. is a cloud-based data-warehousing startup that was founded in 2012, and yesterday they hit public markets. So what exactly...
If you like this analysis, please make sure to like the post!
I would also appreciate it if you could leave a comment below with some original insight.
Google (GOOGL), Amazon (AMZN), and Microsoft (MSFT) all have one thing in common: they are tech giants in the field of cloud services
In this analysis, I’ll be analyzing the fundamentals of Snowflake (SNOW), a...
