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 hereTrade 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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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.