Snowflake Inc.Long
$SNOW - breaking out
SNOW is breaking out from a descending wedge, and the oscillators are turning up. Snowflake's earnings report is next Wednesday after the market closes. The market sentiment is bearish on the stock, so the question is, can they deliver on these low expectations?This one is risky, especially with a new CEO at the helm!
Here are the targets:
- $133 (decent resistance)
- $142
- $157 (with $150 possibly posing good resistance)
Support:
- $122
Let's hope next week's earnings don't disappoint.
As always, I share what I think and what I do. I'm not suggesting anyone follow my trades. You do you.🍻
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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