MarketIntel

Snowflake: Checked in ✅

Short
BATS:SNOW   Snowflake Inc.
The SNOW share has experienced a surge over the past two weeks. In line with our primary scenario, the magenta-colored Target Zone (coordinates: $222.85 - $257.63) was reached. In this range, the wave of the same color (x) should now soon establish its high, whereupon a change of direction should take place. The Zone can be used accordingly to enter short positions. Please also note the 33% probable alternative scenario. Although we primarily expect a correction in the turquoise-colored wave 2, we take into account at this point that this movement could already be completed. The trigger would be a significant breach of the 50% retracement at $257.63.
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