Snowflake ( SNOW) is due to report its latest quarterly earnings figures after the close of trading Wednesday. Let's see what the charts and indicators look like today. 
In this daily bar chart of SNOW, below, we can see that prices have bounced off of the rising 50-day moving average line which has happened a few times now. The 200-day moving average line does not have a lot of price history but it too has a positive slope.
The On-Balance-Volume (OBV) line has a rising pattern from May but a recent dip has our attention. The Moving Average Convergence Divergence (MACD) oscillator has crossed to the downside for a take profit sell signal.
In this weekly Japanese candlestick chart of SNOW, below, we do not see a common top reversal pattern but the small spinning top earlier this month may be the high of SNOW for a while. The weekly OBV line is leveling off and the MACD oscillator is starting to narrow.
In this daily Point and Figure chart of SNOW, below, we can see that the software is projecting a potential or possible downside price target in the $269 area.
Bottom line strategy: Back on August 26 we wrote that "The charts of SNOW are pointed higher. Traders could go long SNOW around $285 or above $300. Risk to $240 for now. The $366-$370 area is our price objective for now."
Traders should have had plenty of opportunities to take profits by now. With earnings due out tomorrow I would get flat SNOW and avoid the long side considering the bearish target on the Point and Figure chart (above).
