NOW is a buy after a down tech stock day LONG

AwesomeAvani Updated   
BATS:NOW   ServiceNow, Inc.
NOW is on 15 minute chart with a volume profile overlaid and relative volume and volatility

indicators below the chart. NOW had a good earnings beat late January. It is halfway to the

next earnings. I think right now software stocks are hotter than hardware/ networking stocks.

NOW got dragged down by technology headwinds into its support and the fall got rejected

by buyers near to the close of the regular market hours. The lower VWAP bands are confluent

with the support zone and confirm deep oversold and undervalued stock price.

I believe this is excellent for a long trade perhaps lasting until the run-up before earnings is

6-7 weeks through the buy of a small lot of shares or a call option expiring at the May or June

monthly in the range of $750 ( OTM). This will complement existing positions in CRM

Trade active:
Mostly sideways today; added 25% at a price of 740 yesterday.
Trade active:
Price moved higher- partial taken to be added back if continuation is seen
beyond the mean VWAP.

Pirce sideways for now.

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