NOW for a bear market rally bounce
Updated
I have only shorted this stock in the past because of the head and shoulders formation I have previously drawn out when stock was well into the $600's and failed to breach the $619 neck line. It's highly overvalued by PE metrics though they continue to grow and post blowout earnings. NOW is trading above the cloud and the bottom of the downward channel which should bounce to $523.35 before continuing lower.
Trade closed manually
Trade closed sold my calls which expire THIS Friday, trade look much longer than anticipated, small profit better than a sharp stick in the eye, or worse a loss lol
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.