NOW Inc DNOW

SwingTechTrader

Looks like DNOW is ready for another move up.

linamahe

Great technicals and fundamentals, Michael Burry has a position, and rising oil prices.... this is no advice of course... but.... TP: 16 SL: 9.98 R/R: 1 to 5

thcls

DNOW already got positive impulse from COVID vaccine development and economy boost. The focus is now changed and the company becomes less interesting to invest in

LongShort2021

Hi friends, i let the weekly chart explain it self. good luck. Sam

SuperQueen

interesting play by micheal burry. anyone else in ?

Adam-Cox

Commodity trade by another means! Just work in a long position with fundamentals. p.s. Check-out the closing price line chart for line placement -

Joshh_Tradess

Double bottom and a cup & handle along a horizontal support Daily hidden bullish divergence on the MACD 4hr hidden bullish divergence on the MACD and RSI Stop = Below horizontal support 1st Target = Horizontal resistance 2nd Target = Horizontal resistance 3rd Target = Measured move of the double bottom

Omolor

NYSE:DNOW SWING TRADE Reasons: 1) Bounced on support 2) RSI Crossing up 3) MACD Crossing up 4) Big red bars down Entry: 7.92 Target: 8.94 Stop Loss: 7.68 Risk Reward: 4

L__Chaim

Rising wedge in downtrend has run into an important flip zone and was rejected from there.

VectorVictor

20% move from August, rising up against established down trend line. Looked like a good short into pre-earnings pullback and seasonality on oil. Target $11.60's or thereabout.

Eli

DNOW prints a hammer on the daily chart as 2,000 of April 17.5 calls traded today on the ask for $0.20. This trade is $40k of premium, calling a bottom on DNOW that has fallen from strong resistance at the 22.85ish level. Trader stands to profit $20,000 per $0.10 increment above the break even at $17.70.

sandeepboc

adding position on this ticker

raylog

LONG

The_Cannalyst

Is this a bottom?

Reallifetrading

DNOW expected to open at 22 for a Retest Gap. Watch out for nearby pivot. To learn to trade this strategy for free go to www.RealLifeTrading.com