Snowflake Inc.
Long

Bullish on Snow

SNOW is very bullish based on the chart.
1. There is Golden cross in the daily chart.
2.After a good earning SNOW reached 187 $ then retract from this high to 153 $. This price is on the 0.38 on Fibonacci retracement. It bounced and passed 0.23 level and now its price is 170 $. This show that 0.38 level is the support and it will go higher from now.
3. Closing above 170 $ means, it is changing trend from a short bearish correction to bullish trend again.
4. Awesome, RSI and Stochastic indicators also show bullish trend for NYSE:SNOW.

Based on above signals I am bullish on the NYSE:SNOW.

Good luck to everybody.


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