Strong volume is important in a sideways market. Always check to make sure volume is increasing during the run for entries and holds.
Volume is way too low to sustain this tiny run upward in $NASDAQ:WDAY. The stock is likely to retrace or correct and then shift sideways again. Support below is moderate.
If you haven`t sold WDAY here:
Then analyzing the options chain and the chart patterns of WDAY Workday prior to the earnings report this week,
I would consider purchasing the 230usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $8.15.
If these options prove to be profitable prior to the earnings release, I would sell at...
🔹Rising trend channel in the medium long term.
🔹The short-term trading range has experienced a POSITIVE trend as it has broken a short-term resistance level.
🔹In case of a NEGATIVE reaction, the stock has support at approximately 207.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH |...
🔹Rising trend channel in the medium long term.
🔹In case of a NEGATIVE reaction, the stock has support at approximately 490.
🔹Short-term trading range has been positively signaled by breaking a resistance level.
🔹The RSI is showing a Bearish Divergence against the price, indicating a potential downward reaction.
🔹Technically positive for the medium long...
🔹Breakout resistance 206 be POSITIVE signals in Short-term.
🔹Between support 206 and next resistance 250.
🔹Technically POSITIVE for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and...
Workday has yet to report earnings but this play is intriguing on both the bullish & bearish side.
Clear resistance & support can be played on both sides. Just depends whihc hits first.
Lovely setup in $WDAY, I had pointed out the multiple equal weekly highs in this zone before the breakout, which suggests explosive upside potential as sellers who kept selling at that same range get squeezed.
Best of luck!
Cheers,
Ivan Labrie.
If you haven`t played last Q`s earnings:
Then you should know that looking at the WDAY Workday options chain ahead of earnings , i would buy the $145 strike price Puts with
2023-1-20 expiration date for about
$8.60 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
WDAY is showing strength during the retest by the major indexes. It is a NDX component. There are Dark Pool accumulation footprints developing. I'll be teaching this concept tomorrow.
The bottom formation will complete when it breaks out above the resistance at $180. Watch for compression at that level. This stock may offer some good swing trades once the...
Looking at the WDAY Workday options chain, i would buy the $150 strike price Puts with
2022-9-16 expiration date for about
$5.40 premium.
Looking forward to read your opinion about it.
WDAY is building a nice base here with accumulation volume. Most of the up days are seeing higher volume than down days.
AUG 5 155C can work above 153.50
Workday, Inc. provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to...
Not the first one. This also happens to be below the 100 SMA on a monthly. I'm not afraid of owning 1,000 shares of WDAY down here. I will have to go and see how many put sales expired in the past to "calculate my DCA If I got put shares, but I dig it. I will be okay to buy to close this one for 50% prem capture before July..."
Workday, Inc.
Peak highlighted candles are bearish
blue arrow represents the move down
High lighted candles resting on the POC indicate strength
ADX and MACD line up twice to show the move
pt 260
![WDAY: WDAY - Rising Trend Channel [MID-TERM]](https://s3.tradingview.com/p/PZU01nDA_mid.png "WDAY - Rising Trend Channel [MID-TERM]")
![INTU: INTU - Rising Trend Channel [MID-TERM]](https://s3.tradingview.com/s/StPTlZ24_mid.png "INTU - Rising Trend Channel [MID-TERM]")
![WDAY: WDAY - Rising Trend Channel [MID -TERM]](https://s3.tradingview.com/x/XSXS0KAM_mid.png "WDAY - Rising Trend Channel [MID -TERM]")
