snow still looking bullishNot too much action today on SNOW. further consolidation between the 310 area and 300. If price falls below 298 then this trade might be considered invalid. but so far its been rejecting that range between 298-300. We need to see an accumulation of high volume tomorrow to see that massive uptrend many of us have been waiting on. after breaking out of the descending pennant Snow shows to be forming a bullish flag formation just waiting to make a run to the upside. I still see further consolidation forming before we see another attempt to go higher. The reason for that is because in the hourly chart we possibly see a golden crossover that is waiting to occur. a few more trading sessions can determine if this scenario will happen, which will give us further confirmation on a bullish view on SNOW. Looking at the daily chart, the MACD shows SNOW crossing over its signal line indicating more buying pressure flowing in. All these are great signs of a bullish scenario. There are still some bearish signals but we have more bullish confirmation vs bearish but I would still be cautious on this stock. continue to wait for confirmation and I recommend ( Not advise) if someone was to go long on this buy around 300 with a far out expiration date. Remember this is my personal view of Snows price action it is not a signal or an advice to buy. do your own DD and lets share ideas.
