SNOW has been and still may be one of the leaders in this market. It is forming a Bull Flag and within that flag is a nice wedging formation.I am bullish with this name, so I have an alert set on the upper downtrend line. Should it break that, I will look for a good risk reward entry to open a position. It is possible if the market pulls back, that
SNOW could continue down to test the 50 DMA (red). All TBD. If you like this idea, please make it your own and follow your trading plan. Remember, it is your money at risk.
In addition, Nvidia
NVDA and Snowflake SNOW were among the investors that backed artificial intelligence company Reka's $110 million funding round, Reka said Tuesday.Reka said the investment will accelerate its technical development efforts and will also scale its multimodal platforms.
The investment boosts the startup's valuation to more than $1 billion from the previous $300 million in a 2023 funding round, Bloomberg reported Tuesday.
Trade active
I took this this morning as it broke the upper downtrend line. My initial stop will be todays low.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.