Snowflake ($SNOW) Nearing Target, but a Pullback Possible

kemarin

SNOW is targeting the Cup & Handle breakout level of $146.46, a potential 15.6% gain. While Bitcoin’s moves could help boost SNOW, the oversold CCI suggests it might first dip to test support.

Cup & Handle Breakout – Strong setup with a target at $146.46.
Bitcoin Correlation – Bitcoin's momentum could push SNOW toward the target sooner.
CCI Oversold – CCI signals a possible pullback to support levels before another push.
SMA 150 Resistance – SMA 150 is a key level above, acting as potential resistance.
With earnings on Nov. 20, SNOW’s path to the target might include a quick dip before the next move up.