Workday has been in a trading range since February. It recently broke through the resistance level at the highs. It now must sustain the price gains above the highs to form a new support level.
extended to down side, wait for bounce for short idea
$WDAY Bearish shooting star candlestick forming on weekly chart, expecting to close the week within upper channel limit (i.e. <= $165). The stock shot up from Nov 20th low of ~$118 to up over $170 within two weeks (44% gain)...eventually gravity catches up - retracement already underway. Targeting $140 level by mid-January. Note: Informational analysis, not...
The price is going up. It's above the 30MM. Speak of 30MM; its slope is positive so, maybe it will continue to phase 2.
$WDAY Workday deep into overbought territory now on the daily chart, with an earnings release coming early next week. For a company still not making any money, it feels like a beat is already priced in. In my opinion, it would require a substantial beat and a positive guidance adjustment next week to get it over $155 in the near term. I'm expecting a correction...
Two resistance levels ahead for WDAY to cross. If it can break out, off we go. We'll find out in next couple of days.
Entered long a couple of days ago on WDAY following the base break coupled with new 52-week high on volume. Again, open-ended target based on how price moves.
WDAY seems breaking down forming a double top. It is rolling over nicely, and moneyflow also turning negative. We think it will be a good hedge for all the Longs we have. * Trade Criteria * Date First Found- May 11, 2017 Pattern/Why- Double top breakdown, Hedge position Entry Target Criteria- Break of $88.43 Exit Target Criteria- 1st Target $88.43, 2nd...
WDAY looks perfectly ready to fall as it breaks down head & shoulder & there is a very high level of insider selling. Ideal entry would be if it rally back to 75 or break below 70 we are looking to take Aug16- 70 put (4.6) or Aug16- 65 put (2.65)
Just watch this beautiful short setup guys. It could easily be false breakout and then break of trendline back to short. As always search for good entry point and manage the risk, because the idea could go wrong. But if the idea is correct, we have huge RRR opportunity here. I check hundreds of markets every day and have more tips on good trades!
If WDAY opens below 85.80 consider using the Gap N Go strategy. Be aware of pivot point at 84.17 To get a free and complete trading education go to www.RealLifeTrading.com