I see a clear healthy on SLACK with RSI above 50, breaking the channel on RSI as well.
14 and 21 periods EMA giving a buying signal so overall this looks good to me.
TP1 - $26.50
TP2 - $28
Please let me know your thoughts.
$WORK got destroyed by Zoom? will it get pumped by the Nasdaq? Who knows.
What I know is that is sitting and coiling on the lower channel structure...big move can happen soon.
So, LET'S PLAY BOTH WAYS.. WIN WIN situations that's what I like
WORK aka Slack was a very promising trade with the work from home (WFH) explosion driving stocks like ZOOM, PYPL, SQ, FB, AAPL, MSFT and CRM to name a few.
Unfortunately WORK's performance was lukewarm, and quarterly results proved the same. With services like Zoom Video, Facebook Workplace, Microsoft Teams, Salesforce and more providing a lot of tools that...
Been holding the bag since the lasts ER. Looks ready for a breakout!
- Tested and hold the support at 27 a couple of times
- Long bottom trendline has been held and bounced off
- Short bottom trendline has been held
- Short top trendline is about to be surpassed
- Downwards momentum is fading
- 20 day EMA is about to be surpassed.
- We've seen more green days...
Short Term Downward trend but currently sitting at support zone; good place to enter with stop losses set diligently below.
Has been following Fib Retracement levels on moves up and thus why I have outlined the target area due to the downward trendline and the fib retracement level.
PS: Don't take this for Gospel, manage risk accordingly...
There are 2 levels of strong support, $26 and $30. There is a trendline. There is an unfilled gap between $36-38. I'm excited about this stock for the long-term, but if $26 breaks I will reassess. In the meantime, I am accumulating.
Alright guys this one is an easy lesson about gaps... they will be filled... Work bounced off the resistance and now has a high chance of filling the gap back up to $37, MACD is already at a call signal and RSI is low, in a demand zone. This should be a logical, easy to understand play.
Any questions DM me, or if you want to join the paid trading group.
i have been following this since the gap, last week GS downgrade $work to $30 , i believe it was strange downgrade for the stock like intentionally they want the price to be around the $30ish to kill all options traders, it's great company and it's work from home stock!
technically speaking the stock set on very strong support the yellow trend line since April,...
Based on Technical and Fundamental Analysis - Hold
Slack — Goldman Sachs downgraded Slack to “sell” from “neutral,” citing the potential for an “enduring battle” with Microsoft’s Teams platform for market share. “While we continue to view Slack as a best-in-class team messaging offering that is favored by the technical community, we expect MSFT Teams...
First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, Slack recently had a positive earnings report, which shown higher year of year growth. This didn't stop the stock from dropping over 10%+ afterwards. There are valid reasons though why investors should be or are...
Check out the different valuation of new, digital enterprises compared to conventioal, industiral age companies in 2020. It shows that our old, heavy industrial age is coming to an end and will be replaced by new information and collaboration economy.