Snowflake Inc.
Short
Aggiornato

Put a lid on what smells bad

452
We are within a resistance range that is as old as 5 years. It has been confirmed impressively in February 2024 again. Perhaps we will test these high again within the next weeks. But I oubt that we may decisive exceed the 230-240 level as this resistance is very strong and even stronger due to the 2024 Fibonacci extension.
The top on Wednesday could no be overcome. This means to me that we are in a decisive zone now with a possible correction attempt towards the open window of mid May.
Another upward attempt may be followed then.
Trade chiuso manualmente
I am taking the small profit now. There is a good support here and I prefer to wait how the expiry today will end and then I'll make a new decision – or not.
Nota
Now after the substantial rise we are within the preliminary resistance zone marked by the February high of past year.
I am short now again for a minor correction of the bullish trend.

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