SNOW I like this name and the cloud space. I've entered this several times in the consolidation phase when it looked to me that it was breaking out only to have it pull back in. I have it on my action list now if it can close over the 200 Day SMA. So that means either at the close today if it does or next week, if it does. All TBD. Ideas, not investing / trading advice.Snowflake delivers the Data Cloud — a global network where thousands of organizations mobilize data with near-unlimited scale, concurrency, and performance. Inside the Data Cloud, organizations unite their siloed data, easily discover and securely share governed data, and execute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single and seamless experience across multiple public clouds. Snowflake’s platform is the engine that powers and provides access to the Data Cloud, creating a solution for data warehousing, data lakes, data engineering, data science, data application development, and data sharing.
Note
Just a footnote; I'm looking to make this a position trade. I expect this will move in fits and spurts as there is a lot of overhead supply. I will keep my initial stop tight but, I'll let it run (if it will) for awhile, maybe 10% before moving my stop up.Trade active
7/12 - Opened a 1/3 position size @ $265.00 Stop will be just below today's low. Which would be back below the 200 DMA.Trade closed manually
I just don;t care for the market action right now. I've closed this position with a small gain. I'll wait for the market to get better.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.