SNOW is approaching my price target and there has been a slight rebound. I think there could be more dips into the light blue trendline over the next few days within the next 1-2 weeks. I would look to close out the options puts trade here and would look for a buying opportunity. The price targets on the way up are $178 and $229.
SNOW has been playing out very well, I thought there would be some bounces along the way, but it has been a lot of downside with little bounces. I'm patiently waiting for $149-150. I wouldn't be surprised to see a move down to the yellow trendline at $142.20 either, we'll track and see how SNOW is doing over the next few weeks.
Options Puts Trade
This is an options puts trade setup above $229.26 resistance. SNOW has already reached the first price target, I can see SNOW dropping down to around $152 - $153 over the next few weeks.
SNOW Declines by 20%+ After Q4 Earnings
Snowflake Inc. (NYSE:SNOW) concluded its fiscal year 2023 on a high note, surpassing earnings expectations with a...
Simple pattern requiring a little patience in order to have proper confirmation before entering. Would like to see a higher low/shoulder formed then a bullish candle pattern signaling potential upside.
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
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
