Thursday, March 16, 2017

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


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