Snowflake ❄

Like all high P.E growth Tech this stock got a huge boost from lower cpi #.

Up 30% in 2 days, I think we pull back and Retest daily 21ema around 153

If we break below 153 then we retest 146 fib area.

Now if we bounce off 146 it would look like a formation of a right inverted head and shoulder.


So what I'm saying is , a short term pullback then a possible rally to 170-185 if this market rally persist.

Overall there's no catalyst for snow to go up other then following market pivot sentiment