One Good Trade: NOW is Showing Continued StrengthThe setup has everything we are looking for:
Strong bull bar > 2 standard deviations
Strong momentum on the MACD
Small pullback with a potential for an aggressive entry
189,800.000
0.001 BRL
8.65 B BRL
44.81 B BRL
About ServiceNow, Inc.
Sector
Industry
CEO
William R. McDermott
Website
Headquarters
Santa Clara
Founded
2004
ISIN
BRN1OWBDR003
FIGI
BBG00XV3YYF8
ServiceNow, Inc. engages in the provision of an end-to-end workflow automation platform for digital businesses. Its Now Platform is a cloud-based solution embedded with artificial intelligence (AI) and machine learning (ML). The company was founded by Frederic B. Luddy in June 2004 and is headquartered in Santa Clara, CA.
Does $Now have further upside, or is it nearing a potential top?To project targets, I am using the following methods:
Cup and Handle Pattern
If we consider the price range of $709.02 - $338.24 as forming a cup and handle pattern, the price movement represents approximately a 52% increase.
Projecting this on the upside sets a target of around $1078.79, which was
NOW. Almost at resistance. Long term play.I expect a rejection at my projections. Might find support at the first level below the top box. I will consider a long there, but I will post a new chart once we get close to there. Would take a big position if we ever got to my bottom box.
$NOW looking like a perfect setup for NVDA earnings tomorrow I'm thinking this retests ~1010 level tomorrow and from there we see another leg up.
$NOW with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:NOW after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 81.25%.
MY WATCHLIST: NOWNOW, an IBD50 stock now has a setup signal. Has an excellent risk-to-reward ratio. I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(1). If triggered, I will then place a stop-loss below(2) and a price target above it(3).
NOW Is The Time for ServiceNow?Nice bullish consolidation pattern after taking out the 785 resistance level. Looking for NOW to take out the 835 current resistance level for a swing towards 950.
Looking at a position trade here, either buying the dip (if the market pulls back some here) or if we break 835.
ServiceNow Sneaks HigherMany big technology stocks pulled back sharply in recent weeks, but ServiceNow could be sneaking higher.
The first pattern on today’s chart is the falling trendline along the highs of July 5 and 23. Strong quarterly results pushed NOW above this resistance on July 25, and it has remained there sinc
NOW ServiceNow Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NOW ServiceNow prior to the earnings report this week,
I would consider purchasing the 760usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $32.85.
If these options prove to be profitable prior to the ear
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