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JerryManders
Dec 28, 2023 9:54 AM

More Upside to 770-780 Long

ServiceNow, Inc.NYSE

Description

NOW is very bullish currently, expecting upside continuation as long as it breaks dashed orange and red resistance directly overhead.

Initial Target = 730 by 1/12/2024 (possibly sooner)
Goal Target = 770-780 by 1/19/2024 (earliest... give it more time if playing calls, go out until March 2024)

Today (12/28) should be very bullish, likely testing orange resistance as market attempts new ATH.

Comment

Initial target of 730 hit last week, as expected.

Goal target of 770-780 needs until 2/20/2024 as a point estimate, could take until mid-March.

Needs to clear 730 resistance - the dotted purple line is the breakout level to kick off run to 770+. Will probably see a small pullback over the next week or 2 to around 700-710 going into earnings, then break 730 after earnings as a catalyst.

Comment

Target of 770-780 has been hit. I'm still seeing continuation higher going into earnings. New target = 798 by 2/9/2024
Comments
cyberk
Would be good to use less lines and colours as it doesnt pain the intended picture
JerryManders
@cyberk, this is how I trade.
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