BBTrader29

NOW Head and Shoulders

Short
NYSE:NOW   ServiceNow, Inc.
NOW is forming the right shoulder of a head and shoulders pattern. If it can complete the right shoulder, we can expect a break of the neckline to $241 area where it will run into some support and meet up with the 200 moving average. This trade is 2:1 on risk. May take some profits once it hits the neckline.
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