$NOW – Bottoming Pattern Triggering Over 110

TradingView2026/03/04 07:21

By:TradingView

ServiceNow () is starting to carve out a clean bottoming pattern, and the 110 break is the inflection point that flips this from repair mode into breakout mode.

🔹 The Setup:

Multiple days where every dip has been bought aggressively.

Tight consolidation forming a small base.

Break over 110 signals a potential base breakout from this bottoming structure.

This is the kind of action you want to see when a stock transitions from distribution to accumulation.

🔹 Sector Confirmation:

Software names are quietly leading again:

When multiple names in the same group show relative strength, breakouts tend to stick.

🔹 My Trade Plan:
1️⃣ Entry: Added on the 110 break for a bottoming play.
2️⃣ Stop: At today’s low — tight, defined risk.
3️⃣ Management: If it holds and builds, I’ll look to size up on further structure.

🔹 Why I Like It:

Clean level.

Strong dip-buying behavior.

Sector tailwinds.

Tight risk with room to expand if momentum builds.

This looks like early-stage accumulation — and that’s where the best R/R lives.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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$NOW – Bottoming Pattern Triggering Over 110

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