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.
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.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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