SNOW is the strongest risk/reward setup among the candidates for a pre‑market day trade. 1) Catalyst & Sentiment - SNOW just reported Q3: EPS $0.35 vs $0.3165 est and revenue beat ($1.213B vs $1.205B) — a clean positive surprise (earningsCalendar). - Despite the beat, shares sold off from the prior close of 265 to ~242, a ~8.5% drop, creating a post‑earnings overreaction setup. - Multiple fresh analyst calls this morning reaffirm bullish stance: Piper Sandler, Needham, and BTIG all reiterate Overweight/Buy recommendations (Fintel pieces: https://finnhub.io/api/news?id=fc1c34d6e9fb405cc223ec7fa3d4c8382b290cb3eb04d3f9ca3b8f1562083523 and https://finnhub.io/api/news?id=aafce67f23615a6bdb059563f92f9a03e6e7bbb933378920c8a747f603efcf76). Seeking Alpha also frames the earnings dip as buyable with shares near $240 seen as a compelling entry (https://finnhub.io/api/news?id=9fd588100f0e4cd90e69d21ba907e8009a8106dbf385e8bef7cab39f2fc57620). - Social attention is ramping: mentions rank 7 now vs 37 yesterday, with an uptrend, supporting intraday liquidity/volatility. 2) Technicals & Levels - Current price ~242.40 is just under the 10‑day SMA (250.06) and 20‑day SMA (256.19), and slightly below the 50‑day SMA (250.34). That positions SNOW as a pullback inside an ongoing medium‑term uptrend. - MACD is in bullish_momentum with a positive histogram (0.31), suggesting the underlying trend remains constructive despite the post‑earnings dip. - RSI at ~59 is neutral‑bullish, leaving room for an upside push without being overbought. - ATR(14) ≈ 10.74 implies typical daily range ~4.4% of price, so a 4–6% intraday move is well within statistical norms for this name, especially around earnings. 3) Short Interest & Squeeze Potential - Days to cover is elevated at 3.37 with short volume ratio ~65.5% on the latest day and >62% on the 5–10 day averages. This is a heavily shorted tape on a strong fundamental print plus fresh buy ratings, a combination that can fuel sharp relief bounces. - Short interest trend is modestly down, but the high ongoing shorting activity means any push through intraday resistance can force covering. 4) Trade Plan & Math Check - Entry range: 240.5–243.5, just around/above the current 242.4 print, allowing for a modest early‑session shakeout without chasing a gap. - Exit target: 251–256. The conservative floor (251) is essentially a retest of the 50‑day SMA (~250.34) plus a bit of extension; the top of the range (256) aligns with the 20‑day SMA and part of the recent consolidation. - Upside vs downside (using entry_min 240.5): • Minimum upside to exit_min 251 = (251 − 240.5) / 240.5 ≈ 4.36%. • Maximum upside to exit_max 256 = (256 − 240.5) / 240.5 ≈ 6.45%. - Stop loss at 234.5 is ~2.5x ATR below entry_min: (240.5 − 234.5) / 240.5 ≈ 2.49% downside. That gives roughly 1.7–2.6 reward:risk (depending on where within the target range we exit), acceptable for a day‑trade. 5) Time Horizon & Execution - Intraday horizon: 3–6 hours post‑open. Idea is to capture a post‑earnings relief move once the opening volatility settles. - Look for confirmation via early higher lows above ~239–240 and strong bid‑side tape with volume expansion vs the 20‑day average. Given the strong fundamental catalyst (earnings beat), cluster of buy reiterations, high short participation, upward‑trending MACD, and favorable reward:risk with ≥4% realistic upside, SNOW meets the ≥75 confidence threshold for an intraday long setup.

Setup is plausible as an intraday post-earnings rebound trade. Entry range sits above the current print (aggressive limit/market entry required). ATR (~12.13) implies ~5% typical move — the stop (~234.5) is ~0.5 ATR below entry, fairly tight relative to intraday volatility. Snapshot ask_size is small (12) which may produce slippage if buying at the top of the entry range; overall liquidity for SNOW should be better intraday than indicated by snapshot sizes, but confirm pre-open/early session depth.