Snowflake(SNOW) - Are We on the Verge of a Significant Breakout?
Snowflake Inc. 
SNOW - Are We on the Verge of a Significant Breakout?
Snowflake (SNOW) stock is approaching a critical level in the short term**, facing a possible breakout above the 126.99$ resistance level. Snowflake is a company that provides a cloud-based data platform for businesses, enabling large-scale data storage, management, and analysis.
📊 Key Analysis Points:
- Historical Resistance Level: 126.99$ - a critical level that has previously acted as resistance.
- Entry Opportunity: If we see a confirmed breakout above 126.99$ with strong trading volume.
- Stop-Loss: Setting a stop-loss below the breakout level, around 126$, to protect against a failed breakout.
- Initial Profit Target: 135.72$ - another historical resistance level that could serve as a short-term profit target.
- Additional Resistances: If the upward trend continues, consider 146.46$ and 168.80$ as possible profit targets.
🔍 Summary
The stock is at a key level, and a breakout above 126.99$ could signal further upward movement, as long as the conditions are met and trading volume supports the move. We’ll keep a close watch on price action and volume to see if the breakout holds.
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Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please conduct independent research and manage your risks accordingly.
SNOW - Are We on the Verge of a Significant Breakout?Snowflake (SNOW) stock is approaching a critical level in the short term**, facing a possible breakout above the 126.99$ resistance level. Snowflake is a company that provides a cloud-based data platform for businesses, enabling large-scale data storage, management, and analysis.
📊 Key Analysis Points:
- Historical Resistance Level: 126.99$ - a critical level that has previously acted as resistance.
- Entry Opportunity: If we see a confirmed breakout above 126.99$ with strong trading volume.
- Stop-Loss: Setting a stop-loss below the breakout level, around 126$, to protect against a failed breakout.
- Initial Profit Target: 135.72$ - another historical resistance level that could serve as a short-term profit target.
- Additional Resistances: If the upward trend continues, consider 146.46$ and 168.80$ as possible profit targets.
🔍 Summary
The stock is at a key level, and a breakout above 126.99$ could signal further upward movement, as long as the conditions are met and trading volume supports the move. We’ll keep a close watch on price action and volume to see if the breakout holds.
---
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please conduct independent research and manage your risks accordingly.
Nota
We Have a Breakout
Nota
Trade fechado: objetivo atingido
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.