Snowflake is holding up quite well.

It’s been stuck in this choppy range for over three years now, so finally seeing it push above that is a good sign.

This is just the first step, but it’s definitely encouraging. It could be the start of a new Stage 2 uptrend, as long as it can stay above that range.

It’s not the fastest growing company out there and it’s still not profitable. But Snowflake plays a key role in the AI revolution. So, it’s worth watching.