Price has broken out of the larger channel in white Price is now trending up a channel in green Price from here could fall back to the white channel and find a support above it, or just continue above through the green channel Daily chart
Order SELL DNOW NYSE Stop 11.19 LMT 11.19 will be automatically canceled at 20230401 01:00:00 EST DNOW daily bearish hammer at buying zone, stop loss above it, take profit to ceiling of selling zone.
Nice compression with inside bear candle gaping up and then sold out. We are going lower.
Looks like DNOW is ready for another move up.
DNOW already got positive impulse from COVID vaccine development and economy boost. The focus is now changed and the company becomes less interesting to invest in
Hi friends, i let the weekly chart explain it self. good luck. Sam
Double bottom and a cup & handle along a horizontal support Daily hidden bullish divergence on the MACD 4hr hidden bullish divergence on the MACD and RSI Stop = Below horizontal support 1st Target = Horizontal resistance 2nd Target = Horizontal resistance 3rd Target = Measured move of the double bottom
Commodity trade by another means! Just work in a long position with fundamentals. p.s. Check-out the closing price line chart for line placement -
NYSE:DNOW SWING TRADE Reasons: 1) Bounced on support 2) RSI Crossing up 3) MACD Crossing up 4) Big red bars down Entry: 7.92 Target: 8.94 Stop Loss: 7.68 Risk Reward: 4
20% move from August, rising up against established down trend line. Looked like a good short into pre-earnings pullback and seasonality on oil. Target $11.60's or thereabout.
DNOW prints a hammer on the daily chart as 2,000 of April 17.5 calls traded today on the ask for $0.20. This trade is $40k of premium, calling a bottom on DNOW that has fallen from strong resistance at the 22.85ish level. Trader stands to profit $20,000 per $0.10 increment above the break even at $17.70.
DNOW expected to open at 22 for a Retest Gap. Watch out for nearby pivot. To learn to trade this strategy for free go to www.RealLifeTrading.com