In my opinion this one looks like it's about to breakout above $30 to head to it's original IPO price. Look for tech laggards to gain some momentum while the huge caps in tech to flatten out in my opinion. Not trading advice, my opinions only. WORK
$28.55 became very strong resistance and back again. It needs to get over RSI 56.61 accordingly so can break out.
After sharp down side, Work erased it lost and hit the resistance once more time on weekly and couldn't break $28.55. Watch for RSI as well.
Volume precedes price, except when it doesn't.
Work forming a nice inverse H&S and Cup and Handle at the sametime. Thanks @drchelsea1 for bringing this to our notice. Waiting for WORK to hit 30.5 to go long Keep watching...
One of the late runners regarding home-working solution, showing a reverse head and shoulders pattern combined with a golden cross, we might see more upside to that. RSI has room to grow more to the upside.
Slack Technologies again hit the the pivot resistance and back. #RSI is weak to break out. It may pull back till 10SMA
WORK finds a fresh bid following a clear MACD bull divergence at recent lows. The range boundaries suggest a move above the $30 level could foster a fresh breakout.
Strong probability of Slack to continue moving higher: 1. Technical indicators are bullish and rising, 2. Price is above the two moving averages and acts as support levels. 3. Corona Virus, people working from home and using Slack.
Alex Vieira Urges Buying 3 Million Slack Shares for $30 Million Profit
WORK shares are springing out of a base as the stock reacts to the potential positives of a market environment dominated by fears about viral transmission. Positive trend signals, MACD bull signal, base breakout.
Just applying simple Fibonacci and supposing a short-term movement sustains. And I am using slack and I was also testing MS Teams. MS Teams is for the moment worse than slack .
Primed for the triangle breakout above. I reckon its going to try and find its range top now.
I'm irrationally attached to slack. institutional investors love it average volume of over 7 million shared daily market cap over $10 billion over 17% shares are short with an expiration time of 5.4816 Days and over 270 million shares sold short around $20 a share follows decently simple trends im going to keep following slack for years to come. Just...
$WORK looks to have finally bottomed. The stock got a lift today after Slack (NYSE:WORK) was initiated at Overweight at Wells Fargo with a $30 price target, a 50% upside. WORK shares have a Bullish average Sell Side rating. Last month, Slack reported Q3 beats, an inline Q4 outlook, and an upside FY view. Wells Fargo says the competition concerns surrounding...
After a long-term descending channel, WORK moved into a sideways channel in November 2019. Since then, it attempted to break above $23.30 5 times, without success. Next target around $23.30 again, some upside, but not a lot. This stock needs a boost in fundamentals to go back to IPO numbers...