$SNOW Earnings Pullback OpportunitySnowflake Inc.NYSE:SNOWjaxdogOverview of Recent Earnings and Market Reaction On August 27th, SNOW reported its earnings after the market closed, missing analyst expectations. Despite the earnings miss, the company posted a significant increase in revenue, highlighting its continued growth within the AI sector. Institutional Interest and Subsequent Trading Activity Institutional investors demonstrated strong interest in SNOW, as evidenced by trading volume that was more than four times higher than the average of the previous ten days. Following this surge, the next nine trading sessions saw some profit-taking, but this occurred on reduced volume, suggesting a potential consolidation rather than a reversal. Technical Analysis and Price Outlook Currently, SNOW appears to be forming a bullish pennant pattern, which may indicate that the stock is ready to resume its uptrend. However, there could be resistance around the $235 level, which corresponds to previous highs. Trading Plan The plan is to initiate a long position in SNOW if it breaks above the short-term downtrend line. A stop loss will be placed just below the most recent low to manage risk effectively.