NOW bearish pattern
NOW Corporation
An Evening Star candlestick pattern formed up on NOW after hitting the resistance line of its Upward Price Channel. This bearish candlestick pattern is a potential sign that prior uptrend is about to reverse.
*Price may potentially go back towards the support line of the Uptrend Price Channel.
Trading Plan
- Scale down or Sell position
- Avoid for now
An Evening Star candlestick pattern formed up on NOW after hitting the resistance line of its Upward Price Channel. This bearish candlestick pattern is a potential sign that prior uptrend is about to reverse.
*Price may potentially go back towards the support line of the Uptrend Price Channel.
Trading Plan
- Scale down or Sell position
- Avoid for now
Comments
Post a Comment