$SNOW - RC -
Added 2023-09-20 09:28:48 +0000 UTC$SNOW has effectively moved sideways for the entire year and is part of a larger megaphone formation, stretching back from late 2020.
The valuation has always been the issue for $SNOW so it is not surprising to see a lot of sideways movement here as the revenue catches up with the price....this basically needs continuous improvement and progression from their earnings reports.
The price action is still above the 200 Day MA and the structure is valid but is is getting stretched now.
