The CEO of ServiceNow, just put $3 million of his own personal money into the stock.
Bill McDermott also canceled his automatic stock-selling plan, the kind CEOs schedule months in advance to sell shares, and started actively buying instead.
He believes it's "a once-in-a-generation moment."
Four other ServiceNow executives followed suit.
$PATH has printed a monthly green dot on the monthly momentum wave along with buying pressure flipping back green, and ATH trading volume.
If we can reclaim the fair value price of $14.66, this could indicate the stock is ready to start a macro trend reversal.
$NOW has printed a double green dot on the monthly momentum wave along with increasing buying pressure.
The last time this happened was in Jan 2023, and a 165% rallied followed soon after.
$NOW
Jensen Huang:
“I think the markets got it wrong. These agents have to be experts in what they do, and nobody’s going to understand customer service better than ServiceNow.”
Volume looks like Jensen himself was buying.
Capitulation.