Facts to review on Day chart
- SNOW stock was above EMA 50 and below EMA 20, price $303.89/ share on Sept. 2 2026, one day before earnings.
- Earning was on Sept. 3 2026, SNOW stock went up over 20% because of short rate was around 6%, short squeeze
- After 8 days, SNOW stock went down to $317.45/ share on Sept. 16 2025, and then it rebounded, still above EMA 50
- How to purchase SNOW and then catch a rebound with best risk and reward ratio?
- First, SNOW stock should go back to higher price based on earnings gap-up 20% - How to figure out?
- Second, the bottom 2 was market on March 28 2026, $316.13/ share
- Best choice is to place an order near bottom 1 around $31.45/ share and then expect SNOW stock will go higher than EMA 20
- Make sure that SNOW will continue to go higher based on recent earning
The following day chart showed that SNOW stock went up 26% after earnings and then dropped after 7 days to lowest price 17% down.
The question is to observe 17% retracement and then prepare to get in near the same price for a quick rebound above EMA 20.
Questions to ask:
- If SNOW stock continue to be strong uptrend stock and then hold above EMA 50?
- Where are those EMA 20, 50, 100, 200? SNOW is above EMA 100 and EMA 200 and above EMA 50
- SNOW stock went down EMA 21 but still above EMA 50
Build a W shape base - Equal low - it is a common shape for a base











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