However, companies including Salesforce Inc. (NYSE: CRM), Microsoft Corp. (NASDAQ: MSFT), Oracle Corp. (NYSE: ORCL), SAP SE (NYSE: SAP), International Business Machines Corp. (NYSE: IBM), Atlassian Corp. (NASDAQ: TEAM), VMware Inc. (NYSE: VMW) offer certain elements that correspond to ServiceNow’s suite of services. The handle shouldn’t drop below the prior structure low of the cup pattern that preceded it and should also take shape above the stock’s 10-week or 50-day moving average. Techs, as a whole, experienced some sales declines as customers tightened their belts due to inflation, higher interest rates, and uncertain economic conditions.