$SNOW
This will be one of my most convinced plays recently.
I'm cautiously bullish on $SNOW toward $392, conditional on a confirmed weekly breakout.
Snowflake has the fundamentals to support a higher valuation: 37% product-revenue growth, 126% net revenue retention, and $9 billion in RPO. The AI opportunity gives investors a credible reason to continue valuing its platform as a strategic enterprise data layer rather than merely another cloud software vendor.
Technically, the immediate test is the $334–$341 resistance zone. A sustained move above it, followed by a break through $349–$350, would strengthen the path toward $392. If $SNOW repeatedly fails at resistance or loses support around $328 and then $306, the bullish timeline would need to be reconsidered.
If the business of $snow is growing quickly enough to justify renewed investor interest, and $392 is below several published analyst targets. But the chart must confirm that the market is ready to price in that growth. I would treat $392 as a credible bullish target—not a guaranteed weekly destination.
And after $392, you need to be super careful with a sharp correction.
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$SNOW
This will be one of my most convinced plays recently.
I'm cautiously bullish on $SNOW toward $392, conditional on a confirmed weekly breakout.
Snowflake has the fundamentals to support a higher valuation: 37% product-revenue growth, 126% net revenue retention, and $9 billion in RPO. The AI opportunity gives investors a credible reason to continue valuing its platform as a strategic enterprise data layer rather than merely another cloud software vendor.
Technically, the immediate test is the $334–$341 resistance zone. A sustained move above it, followed by a break through $349–$350, would strengthen the path toward $392. If $SNOW repeatedly fails at resistance or loses support around $328 and then $306, the bullish timeline would need to be reconsidered.
If the business of $snow is growing quickly enough to justify renewed investor interest, and $392 is below several published analyst targets. But the chart must confirm that the market is ready to price in that growth. I would treat $392 as a credible bullish target—not a guaranteed weekly destination.
And after $392, you need to be super careful with a sharp correction.
Follow me and I will share more of my opinions for free.
$SNOW
This will be one of my most convinced plays recently.
I'm cautiously bullish on $SNOW toward $392, conditional on a confirmed weekly breakout.
Snowflake has the fundamentals to support a higher valuation: 37% product-revenue growth, 126% net revenue retention, and $9 billion in RPO. The AI opportunity gives investors a credible reason to continue valuing its platform as a strategic enterprise data layer rather than merely another cloud software vendor.
Technically, the immediate test is the $334–$341 resistance zone. A sustained move above it, followed by a break through $349–$350, would strengthen the path toward $392. If $SNOW repeatedly fails at resistance or loses support around $328 and then $306, the bullish timeline would need to be reconsidered.
If the business of $snow is growing quickly enough to justify renewed investor interest, and $392 is below several published analyst targets. But the chart must confirm that the market is ready to price in that growth. I would treat $392 as a credible bullish target—not a guaranteed weekly destination.
And after $392, you need to be super careful with a sharp correction.
Follow me and I will share more of my opinions for free.