SNOW trade ideas
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
$NOW posted its earnings with PEAD projecting a bullish outlook$NOW posted its earnings with PEAD projecting a bullish outlook for the stock with the price trading currently on the median line.
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Service Now back in position after a dipAfter a dip below the 50d MA and 21d EMA, Service Now is back above its 21d EMA and ready to move after a couple weeks of pull back.
10d ATR requires a bit looser stop of 451.24 (12% below today's close).
Position Size is R8.24
great longterm holdDaily movement isnt too big but it has a nice payout if you just buy and hold! shares>calls on this one. decent entry point here imo! leave a like ! thank you <3
12/28 NOW Earning RunFell Back into the original channel and can possibly break out.
Bounced off the support and we might be making the right shoulder here and head down after ER.
Volume has been on a steady down trend.
NOW has been trending higher too long and a healthy pull back is needed.
longas long as the small channel holds its a long in the short term, if it breaks id look for a cheaper entry.
daily analysis of SERVICENOW INC Hi friends
the daily chart of this market shows with a high probability that it will experience an uptrend in the next few days but at the same time it is better to be vigilant of the change of direction towards the opposite
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NOWI WOULD GO LONG OVER 455
TRADE IDEA: 470C 8/28
**NOW has wide spreads. I would choose a strike price that has the most narrow spread.
NOW - 8.90% Potential Profit - Bullish PennantUptrend Support with a Bullish Pennant forming within an uptrend corridor.
Target price set at Resistance bounce.
- 5-month uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $443.09
Suggested Stop Loss $435.17
Target price $482.50
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
