$SNOW - RC -
Added 2024-06-10 11:32:24 +0000 UTCI have eliminated the impulse wave on this chart as an option because the price action is following the corrective wave very well here and I do not see this movement in any way an impulse count.
Bulls are desperately trying to find support here and it is struggling to find any relief, the obvious support line would be the 2022 low at $110, this level needs to hold or things will get concerning for $SNOW.
$SNOW has had high premium fundamentals for the last few years and it has always been a concern for me with $SNOW, which is why I never bought them but now we are seeing that the revenue must match these high fundamentals or the price will drop and it has dropped hard here.
$SNOW will need to show signs of recovery in their next report in August.
