Q&A: Technical Outlook for Snowflake

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  • #40486

    Research Department
    Replying to #

    Looking at the whole intermediate price structure, snowflake had a correction upon reaching US$420.00 after completing 4 bullish sub-“N” wave cycle. So if we combine the waves and look at the bigger picture, we might be looking at the next strong upside as prices have broken out of the falling wedge after two rounds of bearish “N” wave. However, in order to confirm the upside, the neckline resistance around US$320.00 needs to be broken to confirm it.


    Replying to #

    Hi Wei Ren, what could be the target if it break USD 320?

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