ServiceNow Inc (
NOW) has formed a bullish ascending triangle. Key points;
1) Uptrending support line has been validated with multiple pin bars bouncing off of it.
2) Overhead resistance has been tested several times and its thus more likely to break if it is tested again in the future.
3) The recent pull back provides an opportunity to hop on this uptrend in anticipation of an overhead resistance break in the future.
4) As it is an ascending triangle it should be treated with a bullish bias and thus only longs should be considered within this structure.
As always DYOR
NOW) has formed a bullish ascending triangle. Key points;1) Uptrending support line has been validated with multiple pin bars bouncing off of it.
2) Overhead resistance has been tested several times and its thus more likely to break if it is tested again in the future.
3) The recent pull back provides an opportunity to hop on this uptrend in anticipation of an overhead resistance break in the future.
4) As it is an ascending triangle it should be treated with a bullish bias and thus only longs should be considered within this structure.
As always DYOR
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