Why This Tech Stock Could Be Headed Even Higher

After the day the market had today, it is reasonable to assume we have some follow through today. That being said, tech stocks have had a great last couple of weeks with today’s stock being another one that looks to be gearing up for a further move higher.

Snowflake (SNOW) is a well-known tech name that caught a lot of hype when it IPO’ed a few years ago. Since then, the stock has shed much of its initial value, settling down in the current area, where it has traded for quite some time.

However, the stock seems to have consolidated over the past several weeks, until now. Check out the video below to find out what price levels should be on watch if you plan to trade this stock. You can use the levels I set in the video to help you map out a trade of your own, as well as practice finding important levels on a stock.

Learn tons more about our favorite stocks and setups when you join The Profit Machine. Every week, you will get exclusive access to all things option trading, from the stocks I trade the most to the setups I look for when trading them. The best part, we are putting on trades every step of the learning process, so not only will you get a world-class education, but you’ll also earn while you learn.

Get a jump start on your options education and put yourself in position to win in 2023. Sign up today! Until then…

Good Luck!

Christian Tharp, CMT

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