Snowflake Inc.Long
$SNOW Breakout on the Horizon
Snowflake (A.I. data storage) SNOW, has been trading in VERY tight range for over a month that is much smaller than its normal expected move, which is insane.
1. If it’s at a major support, than its breakout is to the upside (which I’m inclined to believe)
2. If there some crazy news about AI data storage, than it could break below the support.
I am more inclined to believe it’s the former. The point of control on the volume profile is $155-160/share, so that’s where it is likely heading if it breaks out upward.SNOW
SNOW, has been trading in VERY tight range for over a month that is much smaller than its normal expected move, which is insane.1. If it’s at a major support, than its breakout is to the upside (which I’m inclined to believe)
2. If there some crazy news about AI data storage, than it could break below the support.
I am more inclined to believe it’s the former. The point of control on the volume profile is $155-160/share, so that’s where it is likely heading if it breaks out upward.
SNOW 
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.