I tried posting on this before so will have to double down as the stock has moved against me since then.
I may have confirmation bias on $WORK but $WORK is my favorite LEAPS play here. $WORK is breaking out of a channel after a double bottom below $28. Daily squeeze momentum is up & just beginning to flip over 0 line. I may have mentioned this once or twice (or a...
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...
For the longest time this stock has been floating at $30 and it simply cannot seem to break that level. However, technicals are shaping up to say otherwise. After analysis on the daily chart, it seems as if there is a falling wedge forming- and in my opinion, now is the perfect time to get in.
I purchased options dated to October to give me a little wiggle-room...
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...
WORK - Long Call play here after a long consolidation in primary wave 4 ABCDE, break to upside of broadening wedge with targets at .786 and 1 fib levels. In 9/18 $35 calls for an earnings anticipation and technical breakout.
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.
In the last two months Slack has just been consolidating inside a bullish pennant while bouncing off its 382, which was also the key resistance level for all of Q1 2020 (notice it tested it 5 times before finally breaking out to ~$40 per share). This Friday, Slack closed just under the 50DSM. My guess is it'll breakout of this potential pennant soon. It may have...