0L5N trade ideas
$NOW posted its earnings with PEAD projecting a bullish outlook$NOW posted its earnings with PEAD projecting a bullish outlook for the stock with the price trading currently on the median line.
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NOW - 8.90% Potential Profit - Bullish PennantUptrend Support with a Bullish Pennant forming within an uptrend corridor.
Target price set at Resistance bounce.
- 5-month uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $443.09
Suggested Stop Loss $435.17
Target price $482.50
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.