Get started

Now!

NOW get short nowThe 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. Combine it with overall market that entered into correction and that is how you get high-winning trade. I like how it holds near lows of its recent move down, while market bounced off a bit from lows - relative weakness. Plus well defined stop above $56.25, as 8 EMA is in control with target at $48.70, then $46.00 make yhis trade attractive from Risk/Reward point of view.
NYSE:NOW
by andrew.berg
NOW get long now, part 2This 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 the link below). Since then, it had nice move through resistance $55-$56 right to $64.61 from where it had 4 days of selloff. It found bottom and formed support on previous resistance around $55.00-$55.60 (previous resistance). I like the way how buyers regrouped and with yesterdays candle it broke up consolidation with bullish close near intraday high. So, buyers should hold above $58 to keep active traders attention, then we can see some follow through to the top of this wedge. It has some room to $64 and with well-defined risk below $55.60, it makes this trade attractive from Risk/Reward point of view with high probability of winning, as this market stays bullish (active, intermidiate and macro trends are still intact). We have earnings on July 30 after market close.
NYSE:NOWLong
by andrew.berg
EUR/USD Channeling up to previous High, Resistance & Fib. levelBased On: Structure, Fibonacci levels, Channel, Stochastics, RSI, Momentum.. IF EUR/USD Reaches 1.3648. Economic Calendar events will effect this heavily, i am looking forward to a volatile day (TODAY:EUR Interest Rate, Decision, ECB Press Conference, US Nonfarm Payrolls, US Unemployment Rate, ISM Non-Manufacturing PMI ) If these events will be positive for EUR and Negative for Dollar, this could be a fast move (1day). Then ==> I will Buy EUR/USD, I may however buy it at a slightly higher price as the price action up has already strated, but it would be safer to wait till the price drops and then but, it could also not happen. (IF EUR/USD will go up very slowly THEN i will take some profits of early) IF Today's big economic calendar events goes in conflict with a move up THEN ==> i will close my position and possibly open it again if an opportunity presents itself. Thoughts & Why's UP SIDE There is a clear channel that is going up and is likely to continue. Stochastics RSI is Oversold at 11 (11.4) Momentum is gaining Strong structure (6-8 points) US Dollar INDEX (DXY) look's like a sell along with USD/CHF ( ) so EUR/USD should go up as dollar weakens. There is also a double bottom, which is also a medium sign that EUR/USD is going to go up in short term. DOWN SIDE 1. Major Fibonacci Level 0.382 2. Structure (Confluence with Fib Level 0.382) A major 0.382 Fibonacci level at 1.3689 that and structure right there as well. When Fib Level 0.382 (EUR/USD=1.3689) a retracement will probably take place if Dollar index goes down. IF you like my ideas and want to say thanks, please like&share them. As always thank you for viewing & till next time.
Long
by Wizard
1