The software stock everyone buried just came back swinging

It got cut in half when AI fears hit software. Now the chart is setting up the way I like.‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

"A stock that gets left for dead does not usually come back quietly. It comes back with buyers who missed it the first time and do not want to miss it again." Nate Bear, Lead Technical Tactician, Monument Traders Alliance Less than 3 months ago, Snowflake was left for dead. The stock was one of the biggest names in software, and then software fell apart. Traders called it the SaaSpocalypse, the stretch where cloud-software stocks got torched on fears that AI would make them obsolete. Snowflake got hit as hard as any of them. At its worst this spring, the stock was down more than 50% from where it traded a year earlier. Cut in half and written off by most of the people who once loved it. Then something changed, and it is the reason this name is on my watchlist. Let me back up and tell you what Snowflake does. It runs what it calls the AI Data Cloud. Big companies pour their data in, and Snowflake helps them store it, organize it, and now run AI on top of it. When a business wants to put AI to work on its own data, this is one of the places that work happens. That last part is what flipped the story. The company built a set of AI tools, and customers started using them fast. Late in May, Snowflake reported its first billion-dollar quarter, with revenue up 32% from a year ago, and raised its outlook for the rest of the year. The market noticed in a hurry. The stock had its single best day ever on that report, ripping 36% higher, and it has kept climbing since. The company also signed a new $6 billion cloud deal and deepened its ties with the biggest names in AI. So the left-for-dead software stock is now one of the loudest AI comeback stories on the board. That is the setup, and the chart backs it up. Trend comes first, always. If the trend is wrong, nothing else matters. SPONSORED AI Meltdown has Began: Take These Five Steps Now Do you see the similarities? That’s why Jim Rickards is warning Americans to prepare for an imminent AI meltdown. As the main supplier of internet infrastructure, Cisco was the “Nvidia of the internet.” When the dotcom bubble popped, shares crashed 90%... And spent the next 25 years trying to recover. If you cannot afford to suffer that kind of devastating loss… Click here to get the details and learn how to prepare. SNOW went from a brutal downtrend into a sharp V-shaped recovery, and price is now back near 259, sitting up at the highs of that rebound. This is a stock that has flipped from falling knife to leader in a matter of weeks. Pattern is second, and this is the part I love. The EMAs are stacked. The 8-day at 246, the 21-day at 234, and the 34-day at 221 are lined up in order, with price above all of them. A moving average is just the average price over those days. When the fast one rides above the slow ones like this, everybody who bought recently is green and there is no wall of trapped sellers waiting overhead. The daily is stacked, and the weekly is squeezing right behind it. Squeeze is third, and it is on. A squeeze is what happens when a stock coils tight, the range narrows, and the energy builds up like a spring being wound down. The weekly squeeze is on, and that is the timeframe I care about most. A weekly squeeze takes longer to build, and when it finally fires, the move behind it tends to run further than anything on the daily. Put it together and you have the whole picture. The trend flipped hard to the upside, the averages are stacked, and the weekly squeeze is loaded on a name with a real AI story pushing it. The most bullish part is the story underneath the chart. A stock that was left for dead does not usually come back quietly. It comes back with buyers who missed it the first time and do not want to miss it again. Your Action Plan The comeback is real, the AI story is real, and now we let the chart do the talking. If you want to see the trades I take when setups like this one fire, that is what Fast Cash is all about. It is where I show regular people how fast a single well-timed move can pay, with the next one coming soon. Want more content like this? SPONSORED Trump's Plan Could Create 20 Million New Millionaires During Calvin Coolidge's presidency, America saw the number of millionaires surge by over 2,000%. Now, with Trump implementing the same economic playbook - cutting taxes, slashing regulations, and unleashing American innovation - we could see an even bigger wealth explosion. But this time, we have something Coolidge never had: AI and transformative technology that could amplify these policies beyond anything seen in history. See Bill O'Reilly's new interview with Oxford Club Chief Investment Strategist Alexander Green who will reveal how to position yourself for what could be the greatest wealth-building opportunity of our lifetime. → Click Here to Watch Now Monument Traders Alliance, LLC   You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. To unsubscribe from Trade of the Day Wake-Up Watchlist, click here. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 800.507.1399 | International: +1.443.353.4977 Website | Privacy Policy Keep the emails you value from falling into your spam folder. 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