$SNOW Everyone is focused on the rejection at the trendline, but I think they're missing the bigger picture.
- Revenue growth accelerated to 33%
- Guidance was raised
- AI demand continues to strengthen
One of the highest volume weeks in
$SNOW history
The stock hit resistance exactly where expected after earnings, but that volume tells me institutions were involved.
I'm looking to accumulate around $210-$215 if we get the pullback.
Target 1: $290-$300
Target 2: $430 ATH retest
This won't happen overnight, but the fundamentals are finally starting to match the chart.