$SNOW reports AH's today and it is in a tricky situation
They usually beat but their last report was riddled with concerns, on top of their CEO announcing he was stepping down which was a shock and the share price tanked.
The impulse wave is still valid but it has a lot of work to do and there needs to be an improvement on their guidance
The price has held on the 0.618 in April but is still below the 200 Day MA.....so this setup is not something I would be playing leading into earnings.
Nicholas Burgess
2024-05-22 19:58:23 +0000 UTC