MoneyJumper

SNOW nice 3 to 1 RR trade idea

Long
BATS:SNOW   Snowflake Inc.
Signs of downward push has been slowed and time to correction:
1. Oversold
2. Daily time frame have first green candle formed
3. Formed falling wedge (bullish) pattern
4. Bullish divergence: oscillator formed higher highs while price action shows lower low
5. Filled gap at $126 area

Go long $126-$130 area and potential targets are: $132 $135 $138 $140
Comment:
Bounced at $126 area and pushing upward healthy. Lets see if it breaks $129 area.
Comment:
retested the support around 126.5 and still holding for long.
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.