Possible Stop below 195.8
Possible T2: 290 to 316
WDAY also was in an ascending triangle pattern that broke to the upside at 202ish but will also provide support.
Broke from a C&H pattern so the handle low will also serve as support
Seems to be hitting R from prior gap up at 218ish
Catch this if you want it at a price that works for you
Not a recommendation
Our long entry on WDAY was triggered moving in and out of money but the focus is on larger degree wave (5) move that might target the 290-300 level. Notice a breakout and a minor pullback that is a good zone for additional longs on WDAY. Look to hold on to existing Long position on WDAY into Dec 2020.
WDAY had previously broken out from a resistance level of 200 range and had run significantly upward. That 200 range now acts as support. It has come down back from the breakout levels to test support again. It has remounted back over 200 and bounced off 50 simple moving average. I'm looking for bullishness in this name now back to 215 and beyond.
Hopefully the tail of a red candle has filled the gap up at earnings at 201ish from a few weeks ago. Top of A triangle has provided support. I should add first target may now be 217.6ish due to R at gap that WDAY will encounter
WDAY was flying..then it seems like it says to itself.."I left a gaps down there and I have to go fill them" lol..bummer!
Filled gap at...
Workday Promotes Chano Fernandez to Co-CEO
earnings beat, guidance boost
Workday reported a second-quarter net loss of $28 million, or 12 cents a share, on sales of $1.06 billion, up from $888 million a year ago. After adjusting for stock-based compensation and other factors reported earnings of 84 cents a share, up from 44 cents a share in the same quarter the...
So, my dudes!
Today is the day, we might break out from the current "Head and Shoulder" Pattern.
IF we have a high volume and manage to stay above the former resistance level then the sign will be more bullish than ever.
The price target is calculated in the following way: Neckline high - Head low = x, Target = x + Neckline high (304.97)
WDAY is ripping higher as a result of blow out earnings.
Potential targets today if market can remain strong are
- $250 & $260 to Fibonacci confluence levels
Currently held by Fibonacci cluster which we expect to break
when the market opens .
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May confirm tomorrow.
No resistance above at all!
Volume on break out
Broke 200MA on volume in May
250RSI above 50
PPS above 50MA and 200MA
RS above 0 and climbing
R/R ratio above 19, Very High
PT1 = 221,76
PT2 = 300,97