My analysis: I'm expecting WDAY to bounce. Target at $243 on a wave 3. Could also be bull flag in wave 4 looking at breakout for wave 5.
"I'm not an expert but I have watched a number of youtube videos"
Our WDAY longer term holdings is moving in and out of money. We are looking for a wave iii push higher into 275 once this consolidation is complete. The daily count shows we could be in a sideways market here but we will be holding on to our long-term holdings in long WDAY positions.
Our long entry on WDAY was triggered moving in and out of money but the focus is on larger degree wave (5) move that might target the 290-300 level. Notice a breakout and a minor pullback that is a good zone for additional longs on WDAY. Look to hold on to existing Long position on WDAY into Dec 2020.
Large descending broadening wedge - this is a bullish pattern in general, but might be worth a play on the resistance. Just keeping an eye on at the moment.
Earnings on 28MAY.
This is a very manipulated stock, they are already bursting it out of daily upper bbands. Not sure what to do at the moment - possibly wait for a markup into earnings to grab...
WDAY is working on a final sideways pattern before testing the completion level for this intermediate-term bottom. Large lots have recently created a Shift of Sentiment™ pattern in the Balance of Power Indicator with their large lot activity.
WDAY topped on the short-term trend, but it is bouncing off of weaker support from money highs in 2018. WDAY remains at risk for more downside slip slide action, until it enters the Platform candlestick pattern formation from 2018. That support level offers stronger support due to a prior Dark Pool Buy Zone™ with minimal accumulation.