SNOW company is expanding to South Africa - high corruption no proper accounting of orders and revenue and receivables- so many Indian companies have been convicted of frauds related to operations in South Africa. The ceo of snowflake is taking the fraud route to boost sales!
SNOW this stock has the same earnings cycle. It rips 15%+ then it immediately just gets wrecked the following 7 days. It’s actually so easy a caveman could do it
SNOW gapped down post-market into the ideal mid-term support area. As long as price holds 220–218 on closing basis, upside potential toward the 280 macro resistance remains intact.
However, given seasonality, a more complex double bottom formation with August lows (yellow) cannot be ruled out before the next advance.