4NOW trade ideas
$NOW: Weekly and quarterly uptrendLow risk idea here, with a tight stop being feasible to enter long positions in NYSE:NOW , ahead of earnings next week. I suggest a small position, say 1 to 5% of your portfolio to be safe.
Upside target is near $1000 for the long term chart, weekly trend points to the signal target shown on chart, with the cyan box and take profit level shown.
Best of luck,
Cheers,
Ivan Labrie.
Bullish IdeaNOW had earnings the other day beating both revenue and earnings, however fell due to some fundamentals.
From a technical standpoint, VWAP suggests buyers are supporting the stock at the low price near the floor. Price looks as if it's ready to break thru the ceiling and recover some of it's lost ground from yesterday. VWAP suggests buyers are supporting it at this low price and in addition, it looks like it can break thru a few key Daily moving averages.
This is a day trade. I'm not looking to swing it, however, depending on how strong the possible move is, and from the overall market and sector sentiment, I may consider scaling down and leaving a few runners.
This is not financial advice, merely my opinion. Remember, there is no such thing as a guaranteed move!
NOW Entry, Volume, Target, StopEntry: when price clears 563.63
Volume: with daily volume greater than 1.39M
Target: 597 area
Stop: Depending on your risk tolerance; 552.52 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Head and Shoulders on NOWHead and shoulders may be in play on NOW. Likely will be valid if S&P continues to correct. Easy invalidation given the most recent candle. Looking to exit on Daily gap fill around $517.
Massive Breakout - Service Now - Price Target $1000This wide moat stock is currently undervalued and ready for a massive breakout with the arrival of the golden cross.
Price target is >$1000 within the next 12 months.
NOW with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NOW after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
NOW-SELL strategyNOW is overbought and has formed a "hammer top".
Strategy is SELL current @ $ 510 and take profit near $ 472. Stop-loss only if desired @ $ 535 (financial).
NOW-SELL strategyThe stock is overbought and it's in a too steep angle above the current GANN support lline. I suspect we will see a break/correction below the support $ 495 and to correct to $ 475 GANN 1/1 support area,
Strategy is SELL @ 510 and take profit @ 478. Stop-loss should be a financial one when desired.
383 by 5/22383 by May 22nd, or as early as May 11th (best case)
Then bounce
Needs to break below 434 but move is already set in motion
NOW long opportunityThis chart had a failed bearish breakdown which usually dictates more upside.
Since it was defended at support it does favor more upside.
A clear close back below the major Pivot low should be used as a stoploss.
Personally waiting for a pullback in the indices to go long.
$NOW in a nice downward channelWatching NYSE:NOW this week for a short position. The second top touch of the channel was super recent so its not a super strong resistance. However considering it runs parallel with a strong underside of the channel it gives me more confidence. If we get some confirmation to the downside we have a good amount of room to the downside.
Gap fill incomingHeading down to fill 393 gap by early April. I don't see it getting above 448-450 here tomorrow and will likely start move down by end of this week.
Watch 410-415 for possible support, but shouldn't stop it from dropping to 390s.
NOW - Short SetupLooking for a break below 422.84, potential stop signal 447.63, First target 374.13. 2nd Target 163.57. Significant insider selling in December and January.
Earnings Play 10-20% UpsideExpect pop to 480s tomorrow 1/26 then continuation to 520s by Feb 10th expiration
Last chance to get in on calls
This is the greatest stock of all time
$NOW with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NOW after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 78.57%.
NOW📈The stock has broken the bearish phase. Limit buy placed. The risk is that the limit order only gets reached if the broken trend line is retested. But that's okay.
NOW shortServiceNow to report earnings today January 26th After market close. NOW is expected to post quarterly earnings of $1.44 per share in its upcoming report, which represents a year-over-year change of +23.1%. Revenues are expected to be $1.6 billion, up 28.1% from the year-ago quarter. For this trade idea im looking to short a small position size for puts with an expiration of 5/20/22. Target $309.56.
A Path out of ResistanceNOW targets:
1 week: 439 - 451
2 week target: 468-488
1 month target: > 540
Stop Loss for calls: underlying < 398 (sustained break or close)
Stop Loss for shares: < 337
Perfect Buy Points: IPO’s – The Primary BaseJS-Masterclass #8:
Perfect Buy Points: IPO’s – The Primary Base
When it comes to investing in IPO stocks, new issues don't play by the usual rules.
Companies making initial public offerings draw a lot of investor attention. That often results in unusual and brand-new chart patterns. Volatility can rise as investors size up demand for the new stock. Yet there are opportunities in these cases, if you can spot the correct characteristics amid the price-and-volume action.
The framework of a good IPO base is simple. The decline from peak to low usually doesn't top 20%, but the most volatile markets have produced declines of up to 50%. The length is often less than five weeks and can be as short as seven days. These two factors alone make IPO bases wayward cousins compared with proper bases, such as the cup with handle and flat base, which need at least five to seven weeks of work.
In an IPO base, the pattern typically starts within 25 days of the stock's first day of trading. Know the important similarities with regular bases. For example, the buy point is drawn by taking the prior high and adding 10 cents. The price gain on the breakout should be strong.
There are ways to evaluate these blind spots, however. Important factors include seeing a shallow correction within the base during normal market conditions, a large increase in price and a close near session highs on the breakout day, and heavy volume on the breakout day and week.
Also, the stock should generally form the base above its IPO price.
Example - ServiceNow (NOW)
The business software company, went public in June 2012, at 18 a share and has built its primary base during the period from the initial offering to April 2013 when the stock developed its first perfect buy point.
$NOW with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $NOW after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
WOW! i like thisOMG what a massive gap
-i like the MONTHLY_WEEKLY between my entry and STOP
- i want the gap to fill and the bounce
