Hello fellow traders and investors, here's another trade idea. SNOW has recently been pulling back and previously makes a breakout above the trendlines, if PTON makes a recovery to the take profit area it offers around a 40% ROI.
Technicals: The Macd indicates that it's oversold The EMA's are in a downtrend The RSI is oversold
When To Buy: When the Macd crosses its EMA When the EMA's crossover
When To Sell: I recommend selling at its previous high offering around a 40% ROI.
Fundamentals: SNOW provides a cloud-based data storing software that provides data warehouse modernization, accelerating analytics and overall productivity. They have a P/S of 103 which is a lot, sales growth Q/Q of 118.60% which is amazing however their earnings per share growth Q/Q of -218% isn't good at all however with their amazing return on investment of 66% they should be able to fix this is in a few years and finally, a short float of 17% which could easily cause a short squeeze if it breaks out over the trendline and investors and traders start buying they will have to cover their positions.
Rating: 50/100 since their technicals look okay and their EPS and P/S isn't looking too strong their rating will have to be 40/100 however if this meets your criteria feel free to add it to your watchlist.
I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.