Snowman spring does not look like a typical spring action. Usually spring action is when a strong support ( which has acted as a support for a few trading sessions) is breached momentarily and stock price goes up again above that support level quickly.
Regarding Snowman, at best it seems like a shakedown move followed by regaining strength and now above key breakout levels. Level of 70-71 has been a 7 year high for the stock price. The stock price has resemblance to Darvas Box. All these are variants of range breakouts, which remains a simpler term for breakouts and swing trading.
@bijo_scaria I don’t follow Kitex so not much in terms of view on the company.
@Jitendra_Vyas My investment style and strategy has been discussed in this very thread multiple times. I keep putting disclaimers in companies where I am invested.
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