ServiceNow, Inc.Long
ServiceNow: Growing Fund Ownership
Updated
Fundamentals:
A strong company with increasing number of funds clamoring for its stock. I also like its sales and earnings, its strength relative to the S&P500, and its forward-looking est. growth in 2024. Return on equity is about 35%.
Technicals:
Week of Sept 25th hammer candle and Week of October 23 engulfing candle with huge volume produced a bottom. Then, a recent breakout, confirming the support.
Confluence:
a-b-c equal legs completion
uHd
Extreme Bottoming indicator
Price in double G-TAZ zone
First pb of new trend up
A strong company with increasing number of funds clamoring for its stock. I also like its sales and earnings, its strength relative to the S&P500, and its forward-looking est. growth in 2024. Return on equity is about 35%.
Technicals:
Week of Sept 25th hammer candle and Week of October 23 engulfing candle with huge volume produced a bottom. Then, a recent breakout, confirming the support.
Confluence:
a-b-c equal legs completion
uHd
Extreme Bottoming indicator
Price in double G-TAZ zone
First pb of new trend up
Note
1st target almost reached. Moved stop to break-even...
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