continued snow bullish signalsGreat trading session on snow today. looking at the hourly chart we see that again, SNOW price rejecting that 298-300. the last time it touched this area the candlestick for that hour formed what appears to be a dragonfly doji. Great bullish sign for Snow to finally make a move. Additionally, The Golden Cross is beginning to come into play which is when the fast Moving Average of 50 goes above the slow Moving Average of 200. Also, looking at the MACD the selling pressure is diminishing and is showing that the buying pressure will soon go above the zero line. Today Snow had to close above 205.85 and it did. All these are continuous confirmation to be bullish on SNOW.
The only concern is the amount of volume. We need a huge amount of volume and buying pressure to make this stock launch possibly to 340, which is my first TP. The good news is that Mondays are usually green with lots of trading volume so as expected next week might be the run for SNOW.
