I see a decent hammer on monthly but heavy resistance at 189ish. The stock is trading in a small rising wedge that will possibly fail and the stock may fall under 180. There has also been some insider selling so I will watch this one. I have owned and sold this one recently but did make some money doing it. I am not a day trader unless forced in to it (which has happened) Some I keep long term but as a rule I swing trade stocks. Recently the hourly took WDAY down to 169.7. If you look at the one minute time frame from yesterday, there is a tall red volume bar close to market close.
Possible Breakout would be over 203.
Target 1: 235 to 240
Target 2: 260 to 275 then see how she goes
If I were to enter this in the next few days I would place my stop under 171
The handle low is at 174 and I have and it is possible we may see this price level again. Of course anything is possible (o:
Hard thing about the market is you just do not ever know and technical analysis is not an exact science by a long shot! Always do your research and trade safely
Possible Breakout would be over 203.
Target 1: 235 to 240
Target 2: 260 to 275 then see how she goes
If I were to enter this in the next few days I would place my stop under 171
The handle low is at 174 and I have and it is possible we may see this price level again. Of course anything is possible (o:
Hard thing about the market is you just do not ever know and technical analysis is not an exact science by a long shot! Always do your research and trade safely
Comment:
WDAY fell out of bottom rim of rising wedge yesterday and a bit more today. I feel it is becoming safer to trade and am watching it