The enterprise software company's Q2 earnings met analyst estimates, and ServiceNow raised its revenue forecast. But ServiceNow stock was down. Technically we had wide wedge that gave good buying opportunities with reversal candles (check my long ideas in the links below). But fow now, stock resolved its indecision pattern to downside on increasing volume....
This cloud-service company looks ready for another leg higher. Stock came from $26.33 to $71.80 for one year. Then agressively sold off from high. Pretty deep pullback to $46 which we can measure with fib levels - 61,8% is support - the last chance for bulls to prove that it is not reversal. I was bullish on it since Reversal on 15 of May (check my thoughts in...
Stock came from $26.33 to $71.80 for one year. Then agressively sold off from high. Pretty deep pullback which we can measure with fib levels - 61,8% is support - the last chance for bulls to prove that it is not reversal. Yeasterday it went through lows but managed to get back and closed on highs. Showed us relative strength vs broad market (SPY, DIA and QQQ...
Earnings tomorrow with techincals intact. Back above top of falling wedge (no posn)
Finished week at #1 on technical watch list. Broke out of wedge. Looks higher
Another top 10 (#4) Breakout of CNH with a retest. MM is alot higher. PT $57-58