ServiceNow - retrace and then start upward journey

Jun 3

Software stocks have shown great promise in the last week and have shown early signs of comeback.

I expect a meaningful retracement in the coming days in ServiceNow before they can begin their new wave to the upside.

Jun 10

Trade closed: target reached

Closing this as we are in the reversal zone. Between 105-97 is where the upmove should begin.

Jul 2

Note

We correctly identified the retrace zone, now time for some upmove.