On the monthly chart, 
SNOW just broke out of a 3 year channel. This presents a strong bullish signal. With growing demand for AI and a significant expansion in the sector, I see this moving up the scale.
On the weekly chart, it has also formed one of my now favorite patterns - the "DOUBLE BUMBUM".
This undoubtedly confirms the trend upwards.
There is some resistance at $300 but I perceive this going to about $350 in the coming months.
I would take a leap on this stock.
SNOW just broke out of a 3 year channel. This presents a strong bullish signal. With growing demand for AI and a significant expansion in the sector, I see this moving up the scale. On the weekly chart, it has also formed one of my now favorite patterns - the "DOUBLE BUMBUM".
This undoubtedly confirms the trend upwards.
There is some resistance at $300 but I perceive this going to about $350 in the coming months.
I would take a leap on this stock.
Trade active
Position: SNOW 330 Call JAN 16 2025Average Cost Basis: $3.66
Last Price: $4.45
Total % Gain/Loss: +21.69%
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.
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.