ServiceNow: Growing Fund Ownership
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...
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.
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.