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 :)
SNOW trade ideas
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
$NOW posted its earnings with PEAD projecting a bullish outlook$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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