I consider SNOW to be in a range from 144-112. It has been a bearish ticker for a while now and is still near the 2022 lows around 112. It has seen a nice bounce since hitting that area, but it's still bearish. We have an ascending wedge now and if it breaks to the downside I'd expect it to go back for another test of 112. It would be ideal if you could get an entry on the retest of 133, which would also be near the top of the wedge.
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Related publications
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.