NOW is a buy after a down tech stock day LONG
Updated
NOW is on 15 minute chart with a volume profile overlaid and relative volume and volatility
indicators below the chart. NOW had a good earnings beat late January. It is halfway to the
next earnings. I think right now software stocks are hotter than hardware/ networking stocks.
NOW got dragged down by technology headwinds into its support and the fall got rejected
by buyers near to the close of the regular market hours. The lower VWAP bands are confluent
with the support zone and confirm deep oversold and undervalued stock price.
I believe this is excellent for a long trade perhaps lasting until the run-up before earnings is
6-7 weeks through the buy of a small lot of shares or a call option expiring at the May or June
monthly in the range of $750 ( OTM). This will complement existing positions in CRM
CRWD and PLTR.
indicators below the chart. NOW had a good earnings beat late January. It is halfway to the
next earnings. I think right now software stocks are hotter than hardware/ networking stocks.
NOW got dragged down by technology headwinds into its support and the fall got rejected
by buyers near to the close of the regular market hours. The lower VWAP bands are confluent
with the support zone and confirm deep oversold and undervalued stock price.
I believe this is excellent for a long trade perhaps lasting until the run-up before earnings is
6-7 weeks through the buy of a small lot of shares or a call option expiring at the May or June
monthly in the range of $750 ( OTM). This will complement existing positions in CRM
CRWD and PLTR.
Trade active
Mostly sideways today; added 25% at a price of 740 yesterday.Trade active
Price moved higher- partial taken to be added back if continuation is seenbeyond the mean VWAP.
Note
Pirce sideways for now.
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