ServiceNow (NOW): Bearish Setup Ahead of Earnings
ServiceNow (NOW) is showing signs of potential bearish movement as it nears its earnings announcement on January 29.
Key Levels to Watch:
A closing below $999 would indicate a break of structure, potentially targeting the rising trendline support.
If you’re holding positions, consider off-loading some shares at current levels and re-evaluating after the earnings announcement.
Stay vigilant and monitor price action closely. Happy trading!
ServiceNow (NOW) is showing signs of potential bearish movement as it nears its earnings announcement on January 29.
- Bearish Divergence: Notable on both the daily and weekly charts, suggesting weakening momentum.
- Double Tops Formation: A reversal pattern indicating potential selling pressure.
- AB=CD Harmonic Pattern: The bearish harmonic pattern has completed, signaling a possible correction.
Key Levels to Watch:
A closing below $999 would indicate a break of structure, potentially targeting the rising trendline support.
If you’re holding positions, consider off-loading some shares at current levels and re-evaluating after the earnings announcement.
Stay vigilant and monitor price action closely. Happy trading!
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.