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.
4. good reasons for NYSE:NOW stock
1. Breaking out from the corrective channel
2. Rising MACD histogram
3. Buying Volume coming in
4. Analysts have set a mean price target forecast of $864.5. This target is 9.49% above the current price.
What's your take on NYSE:NOW ? Comment below
Legal Disclaimer: The information presented in this analysis is solely for...
Long Position:
Key Points:
Strong Fundamentals: Apple has a history of solid financial performance, driven by its diverse product ecosystem, including iPhones, iPads, Macs, wearables, and services. The company's consistent revenue and earnings growth make it an attractive option for long-term investors.
Services Segment Growth: Apple's services segment,...
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...
This wide moat stock is currently undervalued and ready for a massive breakout with the arrival of the golden cross.
Price target is >$1000 within the next 12 months.
Heading down to fill 393 gap by early April. I don't see it getting above 448-450 here tomorrow and will likely start move down by end of this week.
Watch 410-415 for possible support, but shouldn't stop it from dropping to 390s.
Fundamental Indicators:
Revenue- demonstrates consistent long-term growth, 5-year average at 34%
Profits – 2022 TTM has reduced
Net margin - quite low for tech company with just 2.79%
P/E – extremely high at 553 when S&P500 is at 21
Liabilities - debt ratio is at 0.62 which is within normal limits, Net Debt/ EBITDA is negative – no problems with...
I believe we are finishing off X Wave here, which supposes we are to start a new zigzag soon. A zigzag to the downside, because I do not see a single bit of evidence to suggest a bullish rally.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with...
Service NOW stock looking tired from recently rally. Service NOW has posted great earnings repeatedly, no doubt. But 450 PE ratio is outrageous considering the bear market we are heading into. First target is $450, next target is a new 52 week low under $400
Seems likely for NOW to fall to this weekly volume shelf at support before getting any meaningful bounce. Stocks continue to slide.
280-300 support is likely where it falls to
Goals 474, 424. Invalidation at 781
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the...
SHORT
ENTRY: 467.00 USD
TARGET: 389.00 USD (+16% profit)
STOP: 516.00 USD
ServiceNow, Inc. is a provider of cloud computing solutions that define, structure, manage, and automate services for global companies. The company offers a range of cloud-based services that automate the workflow within and between departments in a company.
1.) 463.00 USD is the support...
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Long 1000 $NOW
Short 2106 $SNPS
Mean Reversion Time: 12 Trading Days
