NOW: In preperation of a cup 'n' handle setup

٤ مايو ٢٠٢٠

NOW marked recently its ATH at $363. Corona crash mid March was lately recovered, however not in a v-shape manner but in a cup shape.
The final formation of the cup was supported by earnings with high volume gains. The depth of the cup is $110.

The handle is still evolving. Breakout above handle trend line could be regarded as confirmation of the cup 'n' handle pattern.
Due to choppy market environment this time trade will not be entered before price has overcome previous all-time-high of $363 with conviction.

Target: 450 / 475
Entry Price: 363
Stop Loss: 295