Nice formation forming in an uptrendWe can see a nice resistance there, but the higher lows are in place, so soon we can see a nice breakout and way to the sma100. Would love to see it breaking
SNOW trade ideas
$SNOW example play...Let's try a $245 - $255 debit call spread for this week, just $0.95. Or just wide open the $245 same week call for $1.35. Exit tomorrow morning with a move either direction to take profits or cut losses.
Long $SNOW soon!SNOW has been on a downtrend since Dec 2020. However, the stock looks like it is turning bullish on the daily timeframe where 9EMA has crossed over 21EMA, a bullish reversal sign.
Formation of ascending triangle on the weekly timeframe where 241.59 is a strong resistance level.
Once it breaks above this level, we're looking at more potential upside. On the daily timeframe, the EMAs are coming up to support the price in the triangle, which is one of the indicators I look at indicating possible breakout of the ascending triangle soon. Breakout of triangle with good volume is the trigger for entry.
PT1: 250.62
PT2: 264.02
PT3: longer term 300
SL: beneath triangle when price breakouts.
SNOWFLAKE ready to melt up?$SNOW showing signs of life after a downtrend
* BUY signal fired on Ultimate Stock Indicator
* Ripster EMA cloud turned green
* Looking for volume for entry.
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$SNOW might be overvalued...But so is everything, this chart still looks like its setting up for a move. Options pretty expensive however....
Could this be our next runner ?Consolidating for many days under $243 and once its start trading above $243 with more than average volume, it can easily touch $300.
SNOW 6 tests BreakoutSNOW is looking to breakout of its flat top formation. It has tested this level 5 times already and is going for a 6th. Each test into resistance is taking out supply increasing the likelihood of a continued breakout. Looking for this to run into the 250-260 range.
$SNOW done and done...Approaching volume shelf now, made good money on weekly calls, take profit and let it decide if it can break through...
$SNOW solid close...Ended above yesterday's high, just looking for a solid day tomorrow, uncertain about clearing the volume shelf just yet
$SNOW going to watch it snow for a little....Closed puts this morning on spy and QQQ, closed longs on AMZN, just going to see if SNOW has anymore then close out for the day.
$SNOW - holding over $243 is my planI grabbed some SNOW based on the volume shelf and the performance of other stock's and their volume shelves recently.
I got in and out and back in and now I am holding. I will cut under $200/share.
If the stock can claim and hold $243, then the volume shelf play should work out and my target for exit is $270
SNOW Round DownSNOW is rounding down in price, couldn't get above its moving averages. With the sell off in tech i think this will continue its trend downward toward support at the 207 area.
$SNOW held well all week...Could have dropped but held on, unless we get a market retracement still liking this into the next few weeks...
Snow IH&S nearly formed Failed at 241 again and now the should has some better shape to it. Perhaps this time the 241 area break will stick
$SNOW | Inverse Head and Shoulders: Watch For A Breakout$SNOW just completed a bullish inverse head and shoulders.
Watch for a breakout of the neckline at $245 as confirmation for further upside.
Initial targets are 265, 275
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I've made a discovery PLTR and SNOW continue to mirror one another. They both have fractals on the lower time frame. This usually signals that we're heading up. The month of April is quickly coming to a close. April seasonality is great for there stock market. With the wave of stocks announcing earnings at the end of the month we should continue to see more rallies. However I'm very pessimistic about the outcome of the stock market after the month of April.
SNOW just broke out!We just broke out from the falling wedge.
Bullish divergence points to this being a bullish trend reversal.
$SNOW Inverse Head and Shoulders Reversal 4/14 Video breakdown to $SNOW We are watching this AM. Has a potential reversal coming soon.
