Looking for $NOW to pullback and make a "High Handle".Here's one for the watch list. I missed the break of the downtrend trade and I will not chase. I like ServiceNow as a company and the growth expected in the future.
I am looking for this to pullback and create a handle on the latest cup formation. That would create a much needed shake-out of weak hands so the stock would be able to advance further with little selling resistance.
And, if you look at the chart it also came out of a classic double bottom. "Ants" are also present on the chart. These indicate that the stock has upside momentum. These and other great indicators are available on @TradingView and programmed by @JohnMuchow .
I left older uptrend lines in tact. Why? because I think there is a chance this will get back to it's older trend line. If that "were" to happen $NOW would be a big winner. ALL TBD. Ideas, not investing / trading advice.
