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Snowflake Testing Significant Resistance ... Analysis Enclosed




Snowflake Inc. (SNOW) approaching important long-term resistance, able to absorb buying pressures into Q2.


From here, (SNOW) is susceptible to falling lower to channel support, eliciting losses of +20% over the following 2 - 3 months.


A weekly settlement below a near-term channel bottom would be the signal for this downward trajectory.


Inversely, a weekly settlement above long-term resistance would result in a buy signal where gains of 10% - 15% would be expected within 1 - 2 months, and 20% over the following 2 - 3 months.


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