ServiceNow (NOW) has been trending upwards within a well-defined ascending channel, a bullish structure that highlights the stock's ongoing momentum. The chart showcases key support, resistance levels, and potential price targets, offering actionable insights for traders and investors.
Chart Analysis: Key Observations
Ascending Channel Dynamics
ServiceNow's price action is neatly confined within an ascending channel, with higher highs and higher lows.
The lower boundary of the channel, around $1,042, acts as strong dynamic support.
Key Resistance Levels and Targets
Target 1: $1,106
Target 2: $1,134.80
Target 3: $1,212.02
SP: $1,042
What’s your perspective on ServiceNow’s next move? Share your insights in the comments!
⚠️ Disclaimer: This blog is for educational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
Chart Analysis: Key Observations
Ascending Channel Dynamics
ServiceNow's price action is neatly confined within an ascending channel, with higher highs and higher lows.
The lower boundary of the channel, around $1,042, acts as strong dynamic support.
Key Resistance Levels and Targets
Target 1: $1,106
Target 2: $1,134.80
Target 3: $1,212.02
SP: $1,042
What’s your perspective on ServiceNow’s next move? Share your insights in the comments!
⚠️ Disclaimer: This blog is for educational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.