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SNOWFLAKESS

SNOWFLAKE

169.22EURD
+1.64+0.98%
At close at Aug 22, 15:55 GMT
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1SNOW trade ideas

Snowflake ($SNOW) Nearing Target, but a Pullback PossibleNYSE:SNOW is targeting the Cup & Handle breakout level of $146.46, a potential 15.6% gain. While Bitcoin’s moves could help boost NYSE:SNOW , the oversold CCI suggests it might first dip to test support. Cup & Handle Breakout – Strong setup with a target at $146.46. Bitcoin Correlation – Bitcoin's momentum could push NYSE:SNOW toward the target sooner. CCI Oversold – CCI signals a possible pullback to support levels before another push. SMA 150 Resistance – SMA 150 is a key level above, acting as potential resistance. With earnings on Nov. 20, NYSE:SNOW ’s path to the target might include a quick dip before the next move up.
NLong
by FunkyQuokka
Wen Snow stop melting?When will Snowflake stop melting away? Unfortunately I don't think anytime soon. But that does't mean you can't trade this to the upside. We are back to the Value area low of the entire range of this chart. Sitting at all time lows, this could get a lot worse. But there is a chance we get some sort of dead-cat bounce back towards the Point of Control (around the $150 area). I will wait for a sign of strength before going long. Will Nvidia smash earnings and cause Gen AI names like Snowflake to rally? It's indeed wishful thinking but anything is possible. We remain in a downtrend for now but I will be going long if the chart's suggests we are turning a corner. By all valuation metrics this former darling of the stock market remains expensive. Trade carefully and don't forget to use stop losses to preserve your hard earned capital.
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by NoFOMO_
1
$SNOW: Channel Breakout 1. Overall Trend: The stock has been in a downward trend, as indicated by the descending channel (blue lines) on the chart. 2. Channel Breakout: Recently, the price appears to be breaking out of the upper boundary of the descending channel, which could potentially signal a trend reversal or at least a short-term bullish move. In summary, while SNOW has been in a downtrend for several months, recent price action suggests a potential bullish turn. Traders and investors would likely be watching closely to see if this breakout is sustained and if it leads to a new uptrend or merely a temporary reversal within the larger downtrend.
NLong
by SinghStrategist
$SNOW (Snowflake) | Long Analysis/ThesisNYSE:SNOW is primed for upside with a strong support level formed around $109 (indicated on chart). We are expecting these 3 upside price levels to be significant points of resistance in the coming weeks, however the $120 strike options will prosper as we approach the $145 level and will be the first to get cut. Remember: This is a great name that got unfairly beaten down. My good friend StockSavvyShay (on X) has written extensively as to how they've improved their business. These are some of his main thoughts to consider: Snowflake is enhancing its governance capabilities with Snowflake Horizon, a comprehensive cross-cloud governance model designed to simplify the management of complex data ecosystems. This solution offers integrated compliance, security, privacy, interoperability, and access features, allowing customers to efficiently manage data across various platforms and teams. Key enhancements include: - Achieving additional compliance certifications such as the UK's Cyber Essentials Plus and the FBI's CJIS Security Policy, ensuring top-tier security and privacy for public sector data. Introducing Data Quality Monitoring, which simplifies the tracking and improvement of data quality metrics. - Launching a Data Lineage UI that visualizes the impact of upstream changes on downstream data, enhancing data management transparency. - Developing Differential Privacy Policies to protect sensitive data without compromising individual record security. - Enhancing data classification with custom classifiers and a new UI-based workflow, supporting better data organization. - Rolling out the Trust Center for centralized security and compliance monitoring, helping to reduce costs and prevent risk escalations. In addition, Snowflake is improving cost management with a new Cost Management Interface, which provides a unified view of spend metrics across clouds and regions. This tool offers greater visibility into account-level usage, configurable spend views, and actionable recommendations to optimize resource allocation. These advancements strengthen Snowflake's position as a leader in data governance and cost management, providing customers with effective tools to streamline operations and enhance efficiency. RISKS: Convertible debt back in September leads me to believe that they are willing to decelerate growth and buy back their stock at a hefty multiple - this does give me cause for concern. However, the fact that price has held - despite this news gives the power to the bulls.
NLong
by PennyBois
Top 5 Weekly Trade Ideas #1 - SNOW Bear FlagSNOW has been pretty choppy lately if you ask me, but I do see some opportunity if it finally moves off of this area it's been at since the last earnings dump. Nice looking bear flag here on the 4hr. I like puts with a stop above the bear flag, you could also wait for a downside break for more confirmation to enter. First downside target would be the previous all time low around 110. Final target is the flag pole projected target. I chose 95 for a nice whole number, it's hard to pick a target when a stock is making new all time lows, so I'll just be looking to scale out on any drops and see if it can hit 95 if I enter the trade.
NShort
by AdvancedPlays
1
$SNOW Breakout on the HorizonSnowflake (A.I. data storage) NYSE:SNOW , has been trading in VERY tight range for over a month that is much smaller than its normal expected move, which is insane. 1. If it’s at a major support, than its breakout is to the upside (which I’m inclined to believe) 2. If there some crazy news about AI data storage, than it could break below the support. I am more inclined to believe it’s the former. The point of control on the volume profile is $155-$160/share, so that’s where it is likely heading if it breaks out upward. NYSE:SNOW
NLong
by jgeno
Snoflake [SNOW] Wyckoff Bullish PatternsVery fundamental company. The last consolidation after very large drops is a good prognosis for an upward exit. It is necessary to focus on Wyckoff Wave Volume, which decreases at the bottoms. This means a decrease in selling pressure. There were two shafts with a very large purchase volume and a wave marked with volume 200. It was a very large sale that did nothing to the price. This sale was absorbed by buyers. This security has typical accumulation features. In my opinion, it is on BUY with a target of $ 140/150 For more analyses using price and volume and the Wyckoff method, subscribe to the profile
NLong
by VolumeDayTrader
2
Is it SNOWing?Alright, nothing too crazy, but its worth noting that SNOWFLAKE has flashed what looks to be a TRIPLE BOTTOM. I don't have a lot of confidence in this though. It looks like its gearing down towards its resistance at 110 again. I will be watching this for the next month or so. I think another break of that resistance could push it down into some unmarked territory of all time lows. However if it doesn't drop anymore, I could see a nice lil reversal setting up a channel into the mid 130's.
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by jbs2016
Top 5 Weekly Trade Ideas #5 - SNOWSNOW is sitting right on the previous all time low from 2022 after a brief move below. SNOW also has a nice downtrend that could lead to a big breakout above. SNOW has been deciding what it wants to do at 112 since early August and it should end up with a decent move when it chooses. A longer term upside target would be the gap fill all the way up around 133, before that I'd be looking at the 124 area. To the downside, all time low at around 107.13 and then it's uncharted territory from there.
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by AdvancedPlays
Snowflake: Please turn!Snowflake has experienced a setback in recent days. However, as it was able to hold above the support line at $107.41, our primary scenario remains intact. Thus, we continue to see the price in the turquoise-colored wave b, which should initially bring a (corrective) increase. Only after the high has been established should larger sell-offs come knocking, completing the wave (2) correction in green. However, we consider it 33% likely that the share has already been working on the final stage of this corrective movement since May. This scenario, which will be activated by a fall below the support level of $107.41, would call off the upward swing accordingly.
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by MarketIntel