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peterbokma
May 21, 2023 8:53 AM

NOW-SELL strategy Short

ServiceNow, Inc.NYSE

Description

NOW is overbought and has formed a "hammer top".

Strategy is SELL current @ $ 510 and take profit near $ 472. Stop-loss only if desired @ $ 535 (financial).
Comments
JabezDolz
Nice! What is a hammer top just wondering
peterbokma
@JabezDolz, It means that the market went high and low, but settled near the starting point. It is am Japanese candle stick type. Feel free to research it with examples, which help far better. Thank you for the question of course. kind regards Peter
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