Snowflake (SNOW): Potential Bullish Flip on the Horizon?

23 Ağu

In our last analysis on Snowflake, we were focused around the MOAT level, which was lost after the analysis. However, we respected the HVN edge low quite well, and since then, we haven't seen any significant new lows.

If Snowflake can hold its current level and avoid retesting lower zones, we could potentially see a flip in the market structure toward a bullish trend. If this scenario plays out, we’ll be actively looking for long setups for SNOW.

We'll keep you informed on whether this bullish scenario materializes or if lower prices prevail.