Jul. 7 at 6:57 AM
Drawing Parallels between the
$SNOW &
$CSCO Daily Chart ⚖️
$SNOW: Gapped up hard on earnings. Took just about a month of flagging before breaking out ❄️
$CSCO: Gapped up hard on earnings. Has been flagging for about 7 weeks and price has converged with its 50 DMA (could act as support).
If Cisco can get enough of a push in the near future to breakout of this flag, it could have a similar "post-earnings drift" higher 📈