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.

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Good Luck!

Christian Tharp, CMT