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Snowflake Inc.

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SNOW trade ideas

Well, that went oddly well...A follow up from 2 weeks ago... Coincidence? Not really... I would be looking for just a little more pullback and then what? Well if the markets were bottomed, which they are a long ways from.. I would say buy in the higher 150s to 160 range. Being the markets still have a very large fall coming, I see this more of a netflix. If you must buy though... for whatever reason, I know there are many of you on this board... well target is pretty close to being reached. I personally would not be buying long here... exit the short and it's done. Check back when the markets are done coming down and re-evaluate.
NYSE:SNOW
by Original_Stock_Whisperer
5
$SNOW - Near 52 week low and iH&S possiblySnowflake's 52wk low is $184.71. I would set the stop at 184.5. If there is a bounce before it reaches a new low, it could be an inverse head and shoulders and heading much higher. It is tough though as any company that is not cash flow positive is being beaten down with expectations their expenses will increase and margins will decrease which is why it is continuing lower. The risk/return is good here and is worth of watching further. Below $184.5 and there is no bottom resistance to hold it higher. If you are long, you really do not want to see it go lower than that level.
NYSE:SNOW
by UnknownUnicorn16739272
SNOW - Swing IdeaAfter a beat on earnings and a 480 price target, I see limited downside and great upside despite the poor growth forecast. SNOW is already approaching its 52 week low, and after this massive spike in volume, I'm hoping to see more momentum or sustained volume before taking a position. Both the RSI and MACD are in good position for a reversal, and again, volume is the only thing left. Blue circle: Potential entry price/area Red box: Stop loss Green box: Take profit
NYSE:SNOWLong
by Gray_May
For the kids playing earnings..Its a dangerous game at all times.. especially in a bear market. Sadly I know someone that followed their friend on this one and while the original person is just a total clown, I feel bad for the one that followed him into this one before earnings thinking it was going to rocket up. Everything about this chart says bearish (not charted here, sorry). What were they thinking???? See you at 160... (any pullback is just a chance to get in short)
NYSE:SNOW
by Original_Stock_Whisperer
22
SNOW price target after Disappointing Growth ForecastSnowflake 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 539Mil. The market cap was 81.075Bil yesterday. SNOW Snowflake went public in September 2020 at $120 a share. After the Disappointing Growth Forecast and a head and shoulders bearish chart pattern, my price target is $185! Looking forward to read your opinion about it.
NYSE:SNOWShort
by TopgOptions
4
305 Resistance - 18Mar puts for swing tradeI am giving this trade more time than I usually do to avoid theta decay and to allow time for significant selling. If another market selloff starts soon, RSI will move back below 50 and I will see other indications to hold. I am using limited capital so I can hold for at least one week, even if price moves higher. Also I bought puts when stock was around 298, so I have to allow 305 to hold as resistance and still accept the loss if I have to exit.
NYSE:SNOWShort
by OptionsRising
Snowflake Analysis 10.02.2022Hello 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 comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
NYSE:SNOW
by basictradingtv
7
SNOW: BOUNCE CANDIDATE?SNOW : I put SNOW in the bounce candidate and potential continuation upward list. Why? 1. We retraced 50% of the move that started in May. This level is good to initiate a long trade because it allows you to place a stop loss not too far below the line. 2. Demark Sequential is on a 9 daily. (More details below on Demark indicators) 3. The chart looks like a big cup and handle and it seems that we are at the bottom of the handle. The top of the cup is 405. This one is very subjective though. Depending on how markets open, I will look for a long entry . Swing trade . My initial target will be 320-330, then I'll reassess. The success of the trade will depend on how Nasdaq behaves so I'll be careful and monitor the indexes closely. If the trade fails, another interesting level will be around 268. Note: DeMark Indicators are designed to anticipate turning points in the market. A Buy Setup occurs when there are 9 consecutive closes less than the close four days earlier. Trade safe!
NYSE:SNOWLong
by Elpidaldo