SNOW (Snowflake Inc) Long to 428
Snowflake has found support at 265 putting in a recent double bottom.
Current resistance would be 318, with support at 298.
Targets above 318 would be the golden mean reversal at 341, 360, 390, and eventually a retest of the all time highs at 428
We've broken the supply line with clear bullish divergence on the oscillators.
Volume has slowed to the downside and short interest is also decreasing.
Retesting for support, and its my opinion she'll be on her way!
Under 285, id be bearish until we see a new swing high
Current resistance would be 318, with support at 298.
Targets above 318 would be the golden mean reversal at 341, 360, 390, and eventually a retest of the all time highs at 428
We've broken the supply line with clear bullish divergence on the oscillators.
Volume has slowed to the downside and short interest is also decreasing.
Retesting for support, and its my opinion she'll be on her way!
Under 285, id be bearish until we see a new swing high
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.