$SNOW - RC -
Added 2024-04-16 19:19:23 +0000 UTC$SNOW broke above the blue line into the Bull Case in Feb and on the retest of the blue line trying to convert it to support, it failed around earnings report date and dropped very aggressively.
CEO unexpectedly stepping down and slower growth guidance hurt this hard.
Impulse wave is not invalid here but it looks like consolidation is on the cards here again within the blue line range.
The new CEO bought $5M in shares last week, which is always a good sign, so lets see how the next earnings report goes for them, it is due around the 3rd week of May, until then, Bulls will want the 0.618 Fib at $148 or the 0.78 Fib at $136 to hold.
