Snowflake Inc.
Long
Updated

Snow to backtest kumo

670
SNOW has been in a secular bear trend since the beginning of the 2022 bear market.

Notable countertrend rallies have lasted ~14 weeks.

We're on week 3, expecting more upside with possibly changing the macro trend here.
Trade active
We're testing the cloud now after hours. Selling my trading position and will hold my long term position, will likely see resistance here
Trade closed: target reached
Sold the rest of my position. Weekly cloud rejection likely will take a while to recover from. Will get long again in the future

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