NYSE:SNOW has been suppressed compared to the rest of the AI stocks like CRWD, ZS, NVDA.
I think NYSE:SNOW will become a $400 stock most likely this year because there will be a FOMO rush on these companies once the SPX breaks this new ATH and makes a significant move up. If you time it right you could ride this thing to $400 but make sure it...
Snowflake Inc. is a cloud computing–based data cloud company based in Bozeman, Montana. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service"
Multi-month base, potential breakout.
Fundamentals
Really not here to admire the pristine fundamentals - the stock is severely overpriced with a price-to-sales over 20
However, having been at this for a while, for a 6-month horizon, the technicals, price and the momentum are the things to focus on
Regardless, NYSE:SNOW is an outstanding company with a very bright future. However, its price...
NYSE:SNOW Snowflake had a good run. It is currently at a resistance and MACD just did a bearish cross.
I would not be chasing this stock. If it can break out above the current resistance, it can open the door for further upside.
But I believe it will have to consolidate or pull back here first before it can run further.
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.
SNOW is within wave B as a WXY of a larger ABC zigzag correction. It has already completed 5 waves down for wave A. Likely to complete wave B at 390 dollars before heading lower for a wave C.
Snowflake Inc. is a Data Cloud company.
Looks like a significant bearish flag. The company reported well, with growing revenue and investments in AI implementation.
It's a risky trade, considering the correction amidst the overall market adjustment.
tp1 175
tp2 143
SNOW broke through resistance and completed a triple bottom pattern.
Fundamentals seem good with positive growth expected in coming years.
May have a small dip to take support.
Expect to follow long term parallel channel and test 0.5 fib level.
Target $306
Hello TradingView Family / Fellow Traders,
❄️ NYSE:SNOW has been stuck inside a big range in the shape of a symmetrical triangle.
🏹 For the bulls to take over from a long-term perspective , and the Markup phase to start, we need a weekly candle close above the 210 resistance.
Meanwhile, as SNOW approaches the lower bound of the triangle, we will be looking...
This is not recommendation just my idea what could happened.
If SNOW would break over 170, the price should reach 200 USD.
There is a support at 120-130 USD. Looks like acumulation, because of high volumens spikes whenever price reach this support.
In my opinion it's hihgly unlikely to price go over 200USD and below 120 USD without any additional...
Fundamentals
Snowflake (SNOW) sells data analytics and management software that runs on cloud computing platforms. The company is evolving into a cloud data management platform.
SNOW stock is up 4% in 2023 after pulling back from bigger gains. The Nasdaq composite has jumped 29% amid buzz over generative artificial intelligence.
The company offers Snowflake...
This name is at an interesting point right now, consolidating right at the golden retracement zone from the recent high. I can get bullish here if macro outlook brightens, but tight stop loss should be enforced. At least worth putting in your watchlist to see if a buying thesis can materialize.
PS- Not Financial advice. Do your own due diligence.
Snowflake fell sharply in early 2022. It drifted sideways for more than a year, and now traders may think the software stock is ready for another leg lower.
The first pattern on today’s chart is the double-top in June and July. SNOW has declined since, confirming the bearish formation.
Next, a series of lower highs following the double top has produced a falling...
hi traders
let's have a look at SNOW
SNOW looks weak.
The price is still above the upsloping support but once it breaks down, it may be a good idea to enter the short position.
RSI confirms bearish bias.
Target is shown on the chart.
If the price continues bouncing from the orange trendline, the short idea won't be valid.
Good luck
