SNOWSnow share is doing good the price has been corrected use stop lose to avoid any lose Longby Tdawly_OfficialUpdated 333
$SNOW potential support lineNYSE:SNOW There is a big change 120/125 will hold as support for a potential reversal. I'm long with 125 average and will add more if support holds This is a long term investment or a swing for 6 months at least. Will update.Longby mickaelgameiro5
SNOWLong SNOW, expecting a similar impulse up as shown on the chart (at least). Price is again -70% off the post-IPO high, looks like a bargain. In my longer-term portfolio.Longby Alpha_Mind4
SNOW NYSE:SNOW Trend: Down. But the down trend is becoming weak. Pattern: Falling wedge which is a bullish reversal pattern. Price movement is slow because the volume is dry out. Re- 144 Su - 124.69 To get more analysis and strategy on snow , you can contact me. by ustrader263
Dangerous zonePrice is moving into support zone , recent news about hacker attack on customer can bring to an unexpected drop below this zone and bring to a good entry pointby balinor3
Correction to 100D SMA for $SNOW Snow looks to have double bottomed after a very strong selloff after earnings. This would be a good place to correct to its key moving averages. Jul 12 $128CLongby limit_buy_692
Snow pulling for correctionChart Features: Time Frame: 1-hour candlestick chart. Trend Lines: Downward trend lines indicating a previous bearish trend. A breakout above the downward trend line, suggesting a potential reversal. Fibonacci Retracement Levels: 23.6% at approximately $134.16 38.2% at approximately $139.93 50% at approximately $144.58 61.8% at approximately $149.24 Price Levels: Current price is $128.12. Notable potential upward targets: $131.71 $134.75 $138.88 Support and Resistance: Support around $126.16. Resistance levels aligned with the Fibonacci retracement levels. Analysis: Breakout and Reversal: The chart shows a breakout from a downward trend line, indicating a potential reversal from the previous bearish trend. Potential Targets: First Target: $131.71 – This could be the first resistance level to watch. Second Target: $134.75 – Aligned with the 23.6% Fibonacci retracement level. Third Target: $138.88 – Aligned with the 38.2% Fibonacci retracement level. Support Levels: If the price falls back, the first support level is around $126.16, followed by a stronger support at approximately $122.59. Key Considerations: Volume Confirmation: Look for volume confirmation on the breakout to validate the potential trend reversal. Market Sentiment: Consider the overall market sentiment and news related to Snowflake Inc. that might affect the stock price. Risk Management: Establish stop-loss levels to manage risk if the breakout fails and the price moves back into the previous bearish trend. This chart suggests a cautiously optimistic outlook for Snowflake Inc., with the potential for the stock price to rise to the identified targets, provided the breakout is sustained with good volume and market support. Longby MoneyJumper1
$SNOW - A potential NYSE:SNOW Snowflake finally caught a bid today. Big reversal with a bullish engulfing candle. MACD, RSI, accumulation distribution, and momentum are all showing signs of a bullish reversal. It still needs a follow through and a weekly close above $130 for confirmation. We could see a potential move to $142.Longby PaperBozz1
SNOW nice 3 to 1 RR trade ideaSigns of downward push has been slowed and time to correction: 1. Oversold 2. Daily time frame have first green candle formed 3. Formed falling wedge (bullish) pattern 4. Bullish divergence: oscillator formed higher highs while price action shows lower low 5. Filled gap at $126 area Go long $126-$130 area and potential targets are: $132 $135 $138 $140Longby MoneyJumperUpdated 556
Snowflake: Arriving The Snowflake share has now reached our magenta-colored Target Zone (coordinates: $130.78 - $97.80). There we expect the low of the turquoise wave a. This wave should be followed by a larger corrective rise before a further descent sets in. We consider it 27% likely that the price is already working on the magenta-colored wave alt. (1) is already in progress.Longby MarketIntel2
SNOW Snowflake Options Ahead of EarningsIf you haven`t sold SNOW on disappointing growth: Then analyzing the options chain and the chart patterns of SNOW Snowflake prior to the earnings report this week, I would consider purchasing the 160usd strike price Puts with an expiration date of 2024-9-20, for a premium of approximately $16.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Shortby TopgOptionsUpdated 2
snow reversal to summerEvery indicator is ready to reset off the support of a downward trend. Reversal impact 150 ongoing.by themoneyman800
BUY BUY BUY SNOWIt's a BUY BUY BUY for SNOW. BUY now or wait for a pull back on the daily to BUY, but either way, SNOW is a GREAT BUY. This is a 1 to 3 year play, going back up to the 405.00 price level and beyond.Longby pstock123Updated 5
$SNOW - looks attractiveNYSE:SNOW Snowflake could build a base around the $130 to $125 area and could see a reversal back to the $145 area in the near term. The stock is currently sitting on the 4.236 max Fib extension and near the bottom of a multi-year base. The market might have overreacted to the competitor's threat. Insiders buying up shares in recent days signals the stock may have overdone it to the downside. I think the risk-reward here is attractive to go long with a potential stop around the $125 area. Upside targets: $137 $145 $154 Downside risk: $122 Longby PaperBozz116
Can Snow Shake A Bad ER?Outlook - SNOW could be the trade of the week with major potential if it can shake a miss on the previous earnings report. Bearish net flows into close friday leads me to believe that SNOW will gap down on open to 128. If 128 holds I see bullish options premium on the 133 & 135 stricks Upside Targets: * 134.56--138.48--142.85 Downside Targets: * 128.81--125.17--120.29 Quantum Edge Analytics = T/A supports Bullish Potential if 128 can hold.by QuantumEdgeAnalytics0
setting up for a big breakout imo 🍿snow stuck between trend resistance and trend support at the moment. We will continue to be stuck until we see a clear breakout past one. if we break above my targets are 378.63-405, considering all the bullish flow.. this is most likely going to be the outcome in 2022. but a break below will send us to 287.98-273.3 If you are long its smart to use trend support as stop loss. like and follow for more 💘Editors' picksLongby Vibranium_CapitalUpdated 5252494
SNOW.Short IdeaSNOW has broken below a major support level and I fully expect it to remain bearish until it reclaims. For now I'm watching this trendline and the mentioned support to fail for a short entry Shortby AdvancedPlays1
5/22/24 - $snow - tough valuation bar into print, buyer beware5/22/24 - vrockstar - NYSE:SNOW - >10x sales for 20% sales growth is a tough rubicon to cross with conviction in this mkt w/ many faster growers at better valuations. nevermind PE... at >100x, which is the inferior metric here mainly b/c the sales optic is so egregious. i'd counterpoint myself by saying 2% fcf yield looks good... but it's... all... stock... comp... for a stock that's going up/ i give a pass. but for a stock that's down and to the right, friends, let's be real, this is a cash expense. they issue shares, buy the shares back. it's the same thing as paying the employees in cash. so basically they're not generating a true 2% fcf yield. i'd stay away from this generally. not clear on what the print brings, but it's a candidate to be sent down 20% like other B2B and VERY UNLIKELY the converse is true. so the risk reward is defn lower vs. higher. BUYER BEWARE.Shortby VROCKSTARUpdated 1
Snowflake Bearish patternI think Snowflake has been following a Head and Shoulders pattern since the 2022 bottom. It may go down further from here, and a double bottom at the 2022 lows is possible if there is a free fall. I might wait to average down for this long term investment. Longby pskbulls112
$SNOW - Trendline needs to holdNYSE:SNOW needs to reclaim above the critical $157 Point of Control resistance. If it fails to hold the trendline it could see a quick drop to $142-$143 area. 👀by PaperBozz2
SNOW Monthly looks like a gaint Bear FlagDon't you agree? If market takes a turn from here all time highs, SNOW can see dirt, probably around 90s. Just sayingby just4tradinUpdated 221
SNOW Gap over structureNYSE:SNOW is gapping up on earnings. I am looking for an entry at 167.22 or 170.07 for calls to 175-185. I am risking $1 to make $5-10 on this trade. If it gaps over the level I will enter on a retest. If it gaps slightly below, I will wait for a break above and retest. This fits all of my criteria for my favorite type of setup. A gap over a structure/range area and a multiple day consolidation. My #1 requirement for every trade is a high R ratio. I must see potential for a large run to even consider it. Longby traderjoe3126Updated 2
Snowflake Beats Q2 Product Revenue Above Wall Street Estimates Snowflake ( NYSE:SNOW ) expects strong Q2 as AI push boosts demand for cloud services. The company forecasted second-quarter product revenue above Wall Street estimates and raised its expectations for the year, on strong demand for its cloud-based services amid a surge in use of generative artificial intelligence. Shares rose 4% after the bell as the data cloud analytics company also said it plans to acquire technology assets and hire 35 employees from TruEra, an AI observability platform. The company had in April launched Snowflake Arctic, a large language model that draws from massive amounts of text to generate responses to queries and is optimized for complex enterprise workloads. Companies are increasingly moving from traditional to cloud-based solutions, looking to integrate digital and more cost-effective processes since the pandemic, benefiting cloud-related services firms such as Snowflake ( NYSE:SNOW ). Snowflake ( NYSE:SNOW ) forecast product revenue in the range of $805 million to $810 million for the second quarter, above analysts' average estimate of $785 million, according to LSEG data. For 2025, Snowflake ( NYSE:SNOW ) expects product revenue at $3.30 billion, up from a prior forecast of $3.25 billion. For the first quarter ended April 30, Snowflake ( NYSE:SNOW ) posted a 34% rise in product revenue to $789.6 million, beating expectations of $747.9 million. Total revenue came in at $828.7 million. Product revenue, which makes up the bulk of Snowflake's business, will be $805 million to $810 million in the period ending in July, the company said Wednesday in a statement. Analysts, on average, predicted $787.5 million, according to data compiled by Bloomberg. The company also raised its fiscal year product sales forecast to $3.3 billion from $3.25 billion. This is the first full quarter that Sridhar Ramaswamy, a former Google executive and co-founder of search startup Neeva, has been Snowflake's chief executive officer. He needs to reaccelerate growth at the maker of cloud-based analytics software while fending off competition from rivals including Databricks Inc. While the outlook was stronger than expected, it still represents slowing revenue growth and may not appease investors who are bearish on the stock. Snowflake ( NYSE:SNOW ) CEO Sridhar Ramaswamy has hinted at collaboration with AI giant Nvidia in a recent interview with CNBC's Jim Cramer. Ramaswamy teased new product announcements at the company's Data Cloud Summit conference in June, which will feature a talk with Nvidia CEO Jensen Huang. He said that Snowflake is "super excited by the promise of accelerated computing" and that the company's enterprise customer base is growing. He also mentioned that Snowflake's AI offerings can analyze customer feedback data to help determine automated responses to questions. Technical Outlook Snowflake ( NYSE:SNOW ) stock closed Wednesday's trading session on a clean slate with a Relative Strength Index (RSI) of 55.34 which was quite moderate. The stock is up 7.20% in Thursday's Pre-market trading.Longby DEXWireNews2