My view of NOW
To analyze the Service Now action, it is best to go to the weekly chart.
See with what decision it breaks the bearish wedge indicated in yellow.
The interesting thing about NOW is that I see a lot of upside compared to other actions that I analyze, practically a +40% possible upside.
I bought 3 shares of NOW at the price of $461 that I plan to hold up to $600. It really is a wonderful return.
He says that a bad season in earnings is coming (in practically all companies), so I will be attentive to the movement in the coming weeks.
However, I am satisfied with my entry price, so if I break even again, it will be a matter of continuing to hold for a longer term.
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