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NOW Corporation: Why you should buy this stock and how much will cost for the following days

Today's Pricce Signal

Stock:  NOW CORPORATION (NOW)








Almost every trader in PSE these past days is eyeing to NOW Corporation and wants to give it a try. But how really expensive is Now Corporation? Let's first take a look at it by fundamental analysis.

This is short video which focuses on thier September 2017 Quarterly Report.



They say - trend is your friend. Now let's take a look at below several facts that makes this stock a favorable one to buy.


First, a cup pattern.


The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. 
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. (ref. http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation)






Second, NOW is obviously the top pick for the past weeks.




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Third, NOW attracts foriegn investors. It's currently in 12th spot.




Our technical analysis suggests that the next price stops of NOW would be 9 to 10 Pesos dependeng on how active it will attract traders and investors in the following days - see below chart for reference.




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Comments

  1. What you have shared is very inspiring and informative. You’ve definitely got a new fan here! Thank you for sharing. Would love to see more updates from you.

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