ServiceNow (
NOW) is starting to carve out a clean bottoming pattern, and the 110 break is the inflection point that flips this from repair mode into breakout mode.
🔹 The Setup:
Multiple days where every dip has been bought aggressively.
Tight consolidation forming a small base.
Break over 110 signals a potential base breakout from this bottoming structure.
This is the kind of action you want to see when a stock transitions from distribution to accumulation.
🔹 Sector Confirmation:
Software names are quietly leading again:
WDAY
HUBS
TEAM
When multiple names in the same group show relative strength, breakouts tend to stick.
🔹 My Trade Plan:
1️⃣ Entry: Added on the 110 break for a bottoming play.
2️⃣ Stop: At today’s low — tight, defined risk.
3️⃣ Management: If it holds and builds, I’ll look to size up on further structure.
🔹 Why I Like It:
Clean level.
Strong dip-buying behavior.
Sector tailwinds.
Tight risk with room to expand if momentum builds.
This looks like early-stage accumulation — and that’s where the best R/R lives.
NOW) is starting to carve out a clean bottoming pattern, and the 110 break is the inflection point that flips this from repair mode into breakout mode.🔹 The Setup:
Multiple days where every dip has been bought aggressively.
Tight consolidation forming a small base.
Break over 110 signals a potential base breakout from this bottoming structure.
This is the kind of action you want to see when a stock transitions from distribution to accumulation.
🔹 Sector Confirmation:
Software names are quietly leading again:
WDAYHUBSTEAMWhen multiple names in the same group show relative strength, breakouts tend to stick.
🔹 My Trade Plan:
1️⃣ Entry: Added on the 110 break for a bottoming play.
2️⃣ Stop: At today’s low — tight, defined risk.
3️⃣ Management: If it holds and builds, I’ll look to size up on further structure.
🔹 Why I Like It:
Clean level.
Strong dip-buying behavior.
Sector tailwinds.
Tight risk with room to expand if momentum builds.
This looks like early-stage accumulation — and that’s where the best R/R lives.
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.