As we have seen GJ has given us a beautiful upward momentum and it seems like now the momentum has been broken as GJ was moving with bullish trendline and recently it has broken below the trendline and going to be bearish the bullish candle forming has no Bullish volume also its a retest of the trendline so we will be bearish for further action keeping an eye on...
Analyzing the options chain and the chart patterns of NOW ServiceNow prior to the earnings report this week,
I would consider purchasing the 760usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $32.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Reasons for bullish bias:
- Price respecting trendline
- Strong bullish candles
- Price bounce from Fib 0.618 level
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 692.40
Stop Loss Level: 634.00
Take Profit Level 1: 750.8
Take Profit Level 2: Open
Reasons for bullish bias:
- Price respecting trendline
- Strong bullish candles
- Price bounce from Fib 0.618 level
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 692.40
Stop Loss Level: 634.00
Take Profit Level 1: 750.8
Take Profit Level 2: Open
Analyzing the options chain and the chart patterns of NOW ServiceNow prior to the earnings report this week,
I would consider purchasing the 810usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $29.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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...
Greetings, fellow traders! It's an intriguing landscape in the world of forex, where the dollar seems to have locked itself in a strong consolidation phase. This appears to be driven by algorithmic movements, and over the past two months, we've witnessed price action oscillating within a tight volume range. Highs and lows have been established with minimal...
Analyzing the options chain and the chart patterns of NOW ServiceNow prior to the earnings report this week,
I would consider purchasing the 470usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $27.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward...
🔹Rising trend channel in the medium long term.
🔹The short-term trading range has experienced a POSITIVE trend as it has broken a short-term resistance level.
🔹In case of a NEGATIVE reaction, the stock has support at approximately 207.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH |...
🔹Rising trend channel in the medium long term.
🔹In case of a NEGATIVE reaction, the stock has support at approximately 490.
🔹Short-term trading range has been positively signaled by breaking a resistance level.
🔹The RSI is showing a Bearish Divergence against the price, indicating a potential downward reaction.
🔹Technically positive for the medium long...
BTC has just perfectly held the level we have mentioned 1000s of times - 28'800 - and now looks to head towards the previously held support.
We are looking for Bitcoin to break above and backtest it as support before heading to the next resistance.
Btc is also showing classic bullish divergence on the 4h and Daily MacD.
Entry: when price clears 563.63
Volume: with daily volume greater than 1.39M
Target: 597 area
Stop: Depending on your risk tolerance; 552.52 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not...
This chart had a failed bearish breakdown which usually dictates more upside.
Since it was defended at support it does favor more upside.
A clear close back below the major Pivot low should be used as a stoploss.
Personally waiting for a pullback in the indices to go long.
![WDAY: WDAY - Rising Trend Channel [MID-TERM]](https://s3.tradingview.com/p/PZU01nDA_mid.png "WDAY - Rising Trend Channel [MID-TERM]")
![INTU: INTU - Rising Trend Channel [MID-TERM]](https://s3.tradingview.com/s/StPTlZ24_mid.png "INTU - Rising Trend Channel [MID-TERM]")
