Price appears to have broken the neckline of a H&S pattern, consolidated, then formed a triple top at the prior neckline which is now resistance. Price could not break above the resistance of the prior H&S neckline.
This chart is similar to CRM in some ways. Like CRM, there is also a possible Cypher or Shark forming on weekly which would take price quite a bit...
WDAY is a new one on my radar and I'm glad I found this one. After further review of this company, a lot of things attract me about this stock while being in the current state of the market. WDAY has the highest P/E that I have ever come across (17,418) while trading. This company hasn't generated a positive net income in 5 years and is currently sitting on...
WDAY we were watching in early august for that breakout and we ended up getting it and a huge win from it! Now, it appears that wave 3 is looking for the 261.8 extension in the upper 280s. We will be finding wave 3 top somewhere up here, but I do expect us to melt higher into next week (unless market weakness makes us find wave 3 top early). From there we can...
WDAY is above the neckline of a multiple bottom/inverse head and shoulders pattern.
The neckline is a source of support after price is above it. The upper trendline of the triangle is also support once price is above it.
Large Descending Triangle and price is over the upper trendline which can now be a source of support. Descending triangles can break to the...
Workday had a big uptrend since the Covid-19 Crash. But as we saw in November 2020- May 2021 there was a head and shoulders formation and price traded pretty much sideways.
-find a lot of support in the red area (9x)
-huge candle with 2 times big wick underneath (bullish)
-above 20+50 SMA
-under 100+200 SMA
And barely an inverse head and shoulders due to the closeness of the bottoms. The bulls take a stand at these bottoms and have not let it go below 217ish so far.
WDAY has not broken the neckline which represents resistance. It will be support if broken
Negative volume is high. Short interest is 4.52% and days to cover shorts is 5.6 (short ratio)