Snowflake, the trade keeps running
Snowflake edges up just 0.5% as sellers retake control in the final session
Snowflake, the trade keeps running
Our view last week
Snowflake is in week 6 of a buy signal, and the trade is running at +51% since entry. Signal strength stays high at 87 out of 100, inside a technical picture that is still solidly bullish. The stop has already moved to breakeven, wiping out the risk: the stock ranks 7th among the 125 open US buy positions.
This week's summary
In this week's Snowflake technical analysis, the swing trade gained just 0.5%: underneath, the picture gets a bit trickier, with buyer dominance fading and sellers back in charge of the last bar. The buy signal still holds up, though - 7th week of the trade, running at +51.8% since entry - and the stock climbs to 6th place among the 129 open US Longs.
IQS Phase
60
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#6 / 129
US stocks in progress
Trade P&L %
+51.83%
from signal to today
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