$NOW has not missed an earnings beat since 2018 and yesterdays beat was no different. The pullback in October came all the way back to the 0.78 Fib level and bounced very well and structurally looking very good for the green impulse wave.
My only concern is that the price action dipped below the yellow trendline yesterday, which has been a support line since 2018. It needs to get back above this to validate the bull case and move higher for Wave 3.
David Deka
2024-01-30 23:38:35 +0000 UTC