Data platform Snowflake ( SNOW) enables data storage, processing, and analytic solutions. The chart of SNOW shows fresh strength today in what could be the start of a decent advance.
Let's review the charts and indicators.
In this daily bar chart of SNOW, below, I can see that prices are pushing up above the 50-day and the 200-day moving average line. The trading volume histogram looks like it is neutral and the On-Balance-Volume (OBV) line is looking a little more positive since late March. The Moving Average Convergence Divergence (MACD) oscillator is slightly above the zero line. 
In this weekly Japanese candlestick chart of SNOW, below, we can imagine this week's candle pattern. We should have a white (bullish) candle and we could have a close above the 40-week moving average line. The weekly OBV line is showing some improvement from early March. The MACD oscillator continues to gain ground and is only slightly below the zero line.
In this daily Point and Figure chart of SNOW, below, I can see an upside price target in the $178 area.
In this weekly Point and Figure chart of SNOW, below, I can see a potential $291 price objective.
Bottom line strategy: In my May 1 review of SNOW, I recommended that "SNOW has been finding support around the $125 area and traders could probe the long side of SNOW on any shallow dip towards $135. Risk to $121 for now. The $178 area is my first price target." Buy dips to $150 now.
