$SNOW - RC -
Added 2023-11-15 14:04:50 +0000 UTC$SNOW's price action has been erratic since its IPO in 2020 and this is typical for companies as they first enter the market. We have seen on a lot of charts, that they enter as a corrective wave until they find their feet. Unfortunately, like many software companies that IPO'd after 2020, they were all overvalued and have declined considerably over the next 2 years after joining.
Since the middle of 2022, $SNOW has been consolidating sideways between the blue lines and this Wave 3 has been stretching sideways too, which is not always typical of Wave 3....as it is usually the most aggressive wave.
So there is a possibility that this will continue oscillating between the blue lines for the next few months until the market determines its true value.
Once the price can break above $207, it is into the bull case.
