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SNOW a software megacap approaches earnings in one week LONGSNOW has been running since about the 1st of February. It beat earnings in November by 50%. Right now it is situated at the mean-anchored VWAP where institutions pick up and drop off shares the most. Price is at the lower boundary of an ascending parallel channel and is now about 8% less than the double top of last week at the top of the channel. Price at the mean VWAP brings out volume and volatility. So does an earnings run. I see SNOW as a great earnings play as ARM and PLTR were only weeks ago. This could be a huge trade like those were. Good Luck to traders who take this trade!
NYSE:SNOWLong
by AwesomeAvani
4
Critical Resistance Reached, Trend Change or Short Play? INFAHi guys! This is a Technical Analysis on this relatively new company Informatica, Inc. (INFA). But the focus is not the company but rather on finding these specific trends in price action. This analysis is done on the 1 Week timeframe. Main takeaway is that its powerful to be able to identify when Price action reaches a Major Resistance or Support level. It can make for taking short or long positions. Notice how INFA is in this Downward Channel. We've had some touch points on the Support trendline in black. With every touch, we've had Uptrends. With our most recent touch of Support, we've had an Uptrend that brought us to our Resistance trendline in RED. Note, this recent uptrend has created a Higher high from a previous lower higher. Good sign for trend change attempt. We have also printed our 1st Golden Cross between the 21 EMA(Purple) and the 50 SMA (Green). This is a powerful bullish sign, even more so that it has happened on the 1 Week. This can provide necessary momentum to break out. Our current Price action is in a crucial zone. We are attempting to breakout of this Major Resistance trendline. If we can break through and CONFIRM, it may indicate a Trend Change. However, do note that this is our 2nd time directly touching this trendline. Trendline theory states it requires atleast 3 touches for that trendline to break. This being a powerful Resistance area, It is important to also look for signs of Rejection. One sign currently is the presence of Upper Wicks of candles. This shows sell pressure off this trendline. A Clear sign of rejection would then make this area a solid spot to take short positions. Target being the Support line below us which coincides with the previous Lower Higher or the 21 EMA. Now going back to if we can breakout ABOVE the Major Resistance Red Line and Confirm. Our target would be the Horizontal Resistance line Above us. In my opinion if we can break through the horizontal resistance line. Reaching all time highs becomes very likely. As we dont have much Market Structure above. One sign to assess if we breakout is VOLUME to increase or spike. That would show signs of increased liquidity which is what we need when trying to trend change. If we breakout with Low Volume, it may lead to a FAKEOUT. If we reach ABOVE Major Resistance and CONFIRM, this would make for an area for Long positions especially Longer Term Positions/ Investment. This would also signify a Trend Change. Look to the 1 Day for further signs of whats to come. I will be sure to update as well. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on INFA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:INFA
by SafofAllTrades
Fiserv: Soon… ☺️Soon, Fiserv should reach the magenta colored zone between $134.09 and $140.81 and complete wave (B) in magenta – there is only little difference in altitude left. Once this top is placed, the share should turn downwards, heading for its next goal: the southern magenta colored zone between $108.96 and $89.26, where wave (C) in magenta and wave 4 in green should end. From there, wave 5 in green should carry Fiserv to the final top of wave I in gray, concluding an overarching upwards movement. There is a 33% chance, though, that the share could leave the next magenta zone on the upper side, developing wave alt.I in gray earlier already and thus cold-shouldering the magenta zone in the south.
NYSE:FI
by MarketIntel
Fiserv: Channel Your Energy 🪫🔋Fiserv is making use of our pink trend channel, where it has last finished wave (D) in magenta. Already, the share is on its way downwards to develop wave (E) in magenta as well as wave E in green, which should end at the channel’s lower edge. This low should then provide enough energy to lift the course above the resistance at $127.34. A 33% chance remains, though, that Fiserv could slip below the support at $87.03, thus triggering further descent. In that case, the share should expand wave alt.II in gray into the gray zone between $62.53 and $26.76 before moving upwards again.
F
by MarketIntel
Block: Playing Tag 🙃“You’re it!” Block calls, tapping on the magenta-colored zone and taking off. The share seems to be playing tag and has just caught the magenta-colored zone, finishing wave ii in magenta with one impulsive downwards spike. Next, the course should seek shelter above the resistance at $94.87, thus gaining further upwards momentum. However, there is a 32% chance for Block to lose its drive and to drop below the support at $69.16. In that case, the course should develop wave alt.ii in magenta first before heading southwards, abiding above the support at $51.16 along the way.
NYSE:XYZ
by MarketIntel
Microsoft: You can do it 💻Despite the recent outage, Microsoft is fighting its way back to the top and should exceed the resistance line at $265.00 soon to continue its upwards slope. Our alternative scenario with a probability of 40% implies that the stock could tire and drop below the support line at $212.25, instead of rising to the top. In this case, the course would sink into the grey target zone to fulfill the superior grey wave alt. IV before heading back North in the longterm.
NASDAQ:MSFTLong
by MarketIntel