NOWW trade ideas
ServiceNow looks like it will test 330$After the very weak signals, servicenow is ready to go very deep to 330$ in the next months, where it may be a good cheap buy trade.
But actually it is a clear short.
ServiceNow (NOW) Whispered In My Ear "Short Me Now"My entry and profit targets on ServiceNow. I can do these short setups all day. Longs too, but I have a special fondness for pulling off shorts in a crazy bull market. Not financial advice.
Technical analysis for short term opportunity The stock is going up trend from the beginning of 2020 , also there is an earning at the end of the month, this is not a financial advise ,but it’s something to look at
ServiceNow Inc. Target @$880 261.8% date dec 7, 2022 bullishServiceNow Inc.
Bought 10 NOW @$560 Target @$880 261.8% date dec 7, 2022
NOW - good candidate for a vertical call spreadNote the high volume shelf at $513 and lesser one at $528
Looks like a good candidate for a Vertical Call Spread around the Feb Fib Retracement 50% line (bracket $553 with a $30 or $50 spread; 530/580 for example)
Continued weakness in NDX over the next 10 trading days may offer chance for "legging into" a spread. (Buying the lower side first, then selling the top side of the spread on a bounce or rally)
Suggest moving out on the calendar (August perhaps).
bounce off support! time to run previous resistance is now acting as support here, long 570 stop loss 555 and target 600 in the short term :)
NOWWhen the markets start slipping it's important to be able to play both sides. Sometimes, you find setups like this one where every technical looks overbought, and theres nothing stopping it from falling. At the same time, we're in a bull market, and although all the signs point down, stocks will go up. I'm taking puts on $NOW due to MACD and RSI curling downwards, an overall shift out of tech, and the imminent correction needed in this stock due to how overvalued it's been! There's also a gap to fill from 546 to 543, with an overall PT of 508 in the coming weeks. Good luck!
$NOW with a bullish outlook following its earnings #BeststocksThe PEAD projected a bullish outlook for $NOW after a positive under reaction following its earnings release placing the stock in Drift A
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a couple outcomes could happen hereif NOW continues to break this smaller trendline and if 480 breaks we can see a lot more downside to the 350-375 area. it could hold support here though and test 580-600 before hitting top trendline resistance.
NOW-2.106*SNPS $NOW ServiceNow, Inc. vs. $SNPS Synopsys, Inc.Quantamental Tools for Proprietary and Retail Investors.
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Long 1000 $NOW
Short 2106 $SNPS
Mean Reversion Time: 12 Trading Days
NOW continued weaknessDon't believe that it is breaking down, but continues to be weaker than overall market. Has good track record for previous times that it has broken 50day ma. Cautiously long with May $500 calls
NOW - Blue Sky BreakoutNOW is a ticker that often flies under the radar when it comes to retail investors. With 80%+ institutional investment, NOW is a solid ticker and one that I consider a juggernaut. Even during the September and October corrections, NOW has rebounded extremely quickly and is one of the tickers in the S&P 500 that has delivered almost a 100% return on investment over the past year.
This is another blue sky breakout set up, which almost triggered this past Wednesday except we saw a spike in the VIX, and SPY/QQQ had a slight dip. When the market is ready to rebound, keep this ticker on close watch. 1/15/21 contracts could be a safe play here if you want to give it a bit of cushion. For me, if the market is able to reclaim the 9 EMA on the daily, I will consider 12/18 550c or 560c for a riskier, higher reward play.
PT1: 544.84
PT2: 561.06
PT3: 575.50
PT4: 596.25
