$SNOW - RC -
Added 2024-02-29 16:06:27 +0000 UTCEarnings reported today and although it was an impressive double beat, they also hit the market with a double blow.
They gave a weak forecast and the CEO decided to step down.....which is too much uncertainty for one day for one company and the share price reacted accordingly and is down -19% today.
The price has dropped back down out of the Bull Case but the impulse wave is still in tact, as long as the 200 Day MA is held at $175 for me.
Failure to hold this level and $SNOW could end up consolidating within the blue line range for the next 12 months or so.
