Nov. 14 at 2:58 AM
$SNOW: The current market context shows a last close at
$256.92, with an RSI of 49.09 indicating neutral momentum. The price is above the 30-day moving average (MA30) of
$255.37 but significantly above the 50-day moving average (MA50) of
$243.33, suggesting a bullish trend in the short term. However, the absence of a 200-day MA limits long-term trend analysis.
Given the 60-day high of
$280.67 and low of
$191.24, the price is closer to the high end of this range, indicating potential resistance.
Suggested entry is at
$258.00, with a stop loss set at
$247.00 to manage risk. Target 1 is
$270.00, aligning with the previous high, and Target 2 is
$280.00, aiming for the recent 60-day high.
This plan leverages current price action and technical indicators to capitalize on potential upward movement while managing downside risk.
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