Massive Breakout - Service Now - Price Target $1000This 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.
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About ServiceNow, Inc
Sector
Technology Services
Industry
Packaged Software
CEO
William R. McDermott
Website
servicenow.com
Headquarters
Santa Clara
Employees
20.433K
Founded
2004
ISIN
US81762P1021
ServiceNow, Inc. engages in the provision of enterprise cloud computing solutions. The firm delivers digital workflows on a single enterprise cloud platform called the Now Platform. Its product portfolio is focused on providing Information Technology, Employee and Customer workflows. The company was founded by Frederic B. Luddy in June 2004 and is headquartered in Santa Clara, CA.
NOW with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NOW after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
NOW-SELL strategyNOW is overbought and has formed a "hammer top".
Strategy is SELL current @ $ 510 and take profit near $ 472. Stop-loss only if desired @ $ 535 (financial).
NOW-SELL strategyThe stock is overbought and it's in a too steep angle above the current GANN support lline. I suspect we will see a break/correction below the support $ 495 and to correct to $ 475 GANN 1/1 support area,
Strategy is SELL @ 510 and take profit @ 478. Stop-loss should be a financial one when desired.
383 by 5/22383 by May 22nd, or as early as May 11th (best case)
Then bounce
Needs to break below 434 but move is already set in motion
NOW long opportunityThis 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.
$NOW in a nice downward channelWatching NYSE:NOW this week for a short position. The second top touch of the channel was super recent so its not a super strong resistance. However considering it runs parallel with a strong underside of the channel it gives me more confidence. If we get some confirmation to the downside we have
Gap fill incomingHeading 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.
NOW - Short SetupLooking for a break below 422.84, potential stop signal 447.63, First target 374.13. 2nd Target 163.57. Significant insider selling in December and January.
Earnings Play 10-20% UpsideExpect pop to 480s tomorrow 1/26 then continuation to 520s by Feb 10th expiration
Last chance to get in on calls
This is the greatest stock of all time
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